America’s largest luxury home builder, Toll Brothers, said last week, that it expects to report a 41% drop in their fourth quarter home-building revenue.
Chief Executive Robert Toll: “Unfortunately, the preliminary signs of stability we had discussed in early September were upended by the past month’s financial crisis.â€
Home buyer confidence, traffic and demand were all down at Toll Brothers, to record lows.
Oh Come On! Is Toll Brothers Serious? – Yesterday morning, Toll Brothers (TOL) reported its worst fiscal year in twenty years as a public corporation and its shares rallied as much as 15% during the day. However, eventually the shares could not fight the negative direction of …
Brownstoner: Narrower Loss for Toll Brothers – toll-brothers.jpg Good news! Toll Brothers only lost $78.8 million this quarter, or 49 cents a share. Well, maybe not good news, but better than the $81.8 million, or 52 cents a share, last year at this time, reports the WSJ. …
Toll Brothers CEO Interview | Madd Money – Cramer spoke with Bob Toll, chairman and CEO of Toll Brothers (TOL) about the state of the housing market. Toll told viewers he’s optimistic about the numerous.
Toll Brothers Reports 4th Qtr and FY 2008 Results – Toll Brothers will be broadcasting live via the Investor Relations section of its website, www.tollbrothers.com, a conference call hosted by chairman and chief executive officer Robert I. Toll at 2:00 p.m. (EST) today, December 4, 2008, …
Clinton Street Resident Write Markowitz, Say Toll Brothers Suck – There are many letter being written to Marty Markowitz about the Toll Brothers proposal to build a big condo development on the Gowanus. (There’s a letter writing campaign underway both on this project and about asking for an 8-story …
Toll Brothers (TOL) NewsBite – TOL Upgraded By Credit Suisse – Market Intelligence Center News On Symbol(TOL) On Monday, December 01, 2008 2:01 PM.
San Diego California real estate agents
Why do we think jeopardizing our country’s future for short term gain is a good idea? As a whole, Americans live beyond their means and rely on….credit. You can’t expect Uncle Sam to “fix” all of your personal finance problems. Time to let the chips fall where they may…
Fresno real estate attorneys
When I was buying a house about 4 years ago, you could not believe the zany loans I was offered. Interest only was big then…”all you need is to pay your interest then whatever you can afford on the principle.” Thank god I wasn’t foolish enough to do that; I’d be one of the many in foreclosure now.
san diego county real estate
“We’re nearing a plateau” – this is wishful and dangerous thinking. We’re not even halfway through the subprime resets, and starting next year a wave of even more toxic Option ARMS will start resetting. Home prices will be falling for the next 10 years. Buy a home to ENJOY if you must, but don’t look at it as a get rich quick investment.
Riverside attorneys
There’s an extremely simple way to avoid foreclosure: make your mortgage payments on time every month. If you are unwilling or unable to do so, then you will lose your house. This is exactly what you agreed to in the mortgage contract that you signed. Expecting the rest of us to “bail you out” is a morally indefensible position.
San Diego hotels
Now I realize Greenspan probably kept interest rates too low after the dot.com bubble and 9/11 and Congress may have been too aggressive in requiring banks to lend to ‘sub primers’ and Bush may have gone overboard with his ‘ownership society’ schemes but at the end of the day it was the American people that did this. No one was frogged marched down to a mortgage brokers office and water boarded until they signed a loan to buy a house they could not afford. People did it to themselves. I was tempted too I admit and even looked at houses. Met an agent who had drawn up an offer. Looked it over and said ‘lemme think it over’. Called him back the next day and said ‘nope, don’t need a new house.
gold metal detector
Why always blame somebody else? What happened to self responsibility and self accountability? If you cannot afford the house payments then don’t buy a house. If you cannot qualify for a fixed-rate 30-year loan, then that means you are not qualified! It’s your responsibility to know how much you can afford. It’s as simple as that.
San Diego cosmetic dentist