September 07, 2007

HousingPANIC Las Vegas Housing Crash Quote of the Day

"‘What are we doing about it?’ Toll asked. ‘We are out there with the rest of the builders in Vegas praying. There’s not much you can do."

-Bob Toll, August 2007, no longer "dancing on the bottom", but crashing right through the floor now

10 comments:

Anonymous said...

I'm praying that you all come under federal indictment for rigging the real estate industry. I thought Trusts and conspiracy for price fixing was illegal in this country. Included in the round-up by the FBI should be: Realtors, Appraisers, Brokers, Managers who approved bad loans knowing that citizens did not qualify so that they could obtain the commission fees, etc. Yes, Mr. Builder, you made the McMansion now look at it.

Anonymous said...

Nice timing on those stock sales Bob

Just lucky I guess?

http://finance.yahoo.com/q/it?s=TOL

Anonymous said...

But Greg Swann said Las Vegas real estate was a great buy!

Anonymous said...

I guess GenX will just have to get by with collection of Star War collectibles.

Anonymous said...

Soon we'll be dancing on TOL's grave.

Anonymous said...

But these Las Vegas REALTORS say everything is fine!

http://realtytimes.com/rtmcrloc/Nevada~Las_Vegas


For those of you who have been waiting to buy, now would be a good time!! Prices are lower, interest rates are still low and there is lots of inventory from which to choose. Many Sellers, as well as new home builders, are making it very attractive.

___________________________

as Vegas is a city of rebirth with people of all aspirations coming to the city... 750,000 new residents since the early nineties...The latest population prediction in the Las Vegas Valley is 2 million by the end of 2005.

___________________________

Las Vegas and its surrounding areas are still booming and whatever you are looking for, from investment to luxury, rural to high-rise, you can find it here.

____________________________

The local market is still hot! At the beginning of 2000 investment experts predicted that there would be more than a 200% increase in the value of Las Vegas homes for sale between January 1, 2000 and December 31, 2008

k.w. - southern ca. said...

You've heard of falling knives ... well any incentives they have to offer are nothing but daggers.

House prices are not inline with salaries, and until that happens, demand will remain flat.

~~~

Anonymous said...
But these Las Vegas REALTORS say everything is fine!

http://realtytimes.com/rtmcrloc/Nevada~Las_Vegas


For those of you who have been waiting to buy, now would be a good time!! Prices are lower, interest rates are still low and there is lots of inventory from which to choose. Many Sellers, as well as new home builders, are making it very attractive.

kitchenstove said...

Yes, it's true, even Satan knows how to pray.

Anonymous said...

"A little regulation wouldn't be a bad thing," he said.

The problem as he well knows is that there is very likely to be a LOT of regulation coming down the pike. In our "knee jerk" gov't we haven't even seen a twitch yet....

Lost Cause said...

He should have said:

"At least we're not Beazer"

Beazer Homes Receives Notice of Default