DR Horton Inc. (DHI)

All Comments on DHI

  • commenter
    galewhitaker
    Jul 06 05:29 PM
    My Website
    10 Signs of a Recession [view article]
    We have passed peak oil so the bubble is not going to burst. We have no real leadership. We are rapidly apporaching disaster and the public dosen't have a clue. Reply
  • commenter
    quetzalcoatl
    Jul 06 04:57 PM
    10 Signs of a Recession [view article]
    I have been wondering if strengthening the dollar might be a way to defuse the price of oil, which is, of course, draining the pockets of consumers. In addition to the price of gasoline there are increases in the price of other petroleum products required to produce a myriad of goods. Eventually the prices of everything are going to rise. Rising prices with increasing unemployment and stagnant wages are a portent for disaster. I am a liberal and progressive, but I can't see any good coming of an ever weakening dollar. Reply
  • commenter
    Saj
    Jul 04 01:53 PM
    My Website
    What's Book Value Worth for Homebuilders? [view article]
    If you can determine which home builders can actually survive the downturn (by analyzing their financials), you can buy the builders trading at a discount to their book values Reply
  • commenter
    Saj
    Jul 04 01:46 PM
    My Website
    Ranking Homebuilders by Discount to Book Value [view article]
    Hi User 137327,

    PHM is included in this chart here, with the same info: barelkarsan.blogspot.c...     Reply
  • commenter
    jimsep
    Jul 02 12:51 PM
    About That Homebuilder Rally... [Housing Tracker] [view article]
    RIP - the homebuilders' attempt to get a tax credit after what they have done for this country was shameless. What gall! Reply
  • commenter
    theinvesting
    speculator
    Jul 02 12:18 PM
    My Website
    About That Homebuilder Rally... [Housing Tracker] [view article]
    Home builders are a very bad investment. Inventors are very high. Price still have to come down a lot. You might be able to get a trade but that is that is risky business. Some of these companies will go out of business before we see an these companies putting in a long-term uptrend. Reply
  • commenter
    jimsep
    Jun 30 11:22 AM
    If Homebuilders Build It, Will Homebuyers Come? [Housing Tracker] [view article]
    They should stop speculative building for a while. That is the only thing that will work. All this is rearranging deck chairs on the Titanic. Reply
  • commenter
    John
    Pseudonym
    Jun 30 10:32 AM
    If Homebuilders Build It, Will Homebuyers Come? [Housing Tracker] [view article]
    Here in Iowa, for the most part, the only new houses going up are those that are already sold.

    Builders have a lot of time on their hands so they're all advertising custom built homes at cookie cutter prices.     Reply
  • commenter
    matty2tan
    Jun 27 03:15 PM
    Is the FHA Effectively Condoning Mortgage Fraud? [view article]
    No, I am neither. And the price can always be negotiated-that is, down OR up. And it is a gift, according to FHA definitions, regardless of how it got there. They don't differentiate between a higher sales price, or a negotiated sales price and the source of the gift. Their definitions, not mine. And if they allow these loans with full knowledge of gifted funds and an appraisal to match (and how many inflated appraisals are getting by these days?) -who are you to say it's fraud-a congressman?

    Seek first to understand, then be understood: Stephen Covey     Reply
  • commenter
    T.Paine
    Jun 27 02:42 PM
    Is the FHA Effectively Condoning Mortgage Fraud? [view article]
    "Also, a gift DP is always a gift, and never has to be paid back, even if it is rolled into the price-no getting around that. "

    Wow! Are you a Realtor? Loan agent maybe?

    Let's be clear, if the gift is rolled into the price there is no gift. The loan balance is 97% of the purchase price; if the purchase price is raised to offset the cost of the gift program then the loan amount is also being raised a commensurate amount.

    The gift is not a gift, it is a loan, paid back through an inflated mortgage balance. The gift is being repaid. This is fraud against FHA and the homebuyer.


    "A long habit of not thinking a thing wrong gives it a superficial appearance of being right. " - Thomas Paine

    Reply
  • commenter
    matty2tan
    Jun 27 11:19 AM
    Is the FHA Effectively Condoning Mortgage Fraud? [view article]
    Jane, I agree wholeheartedly with your comments about renting being a viable option instead of buying, and the effects of bad loans, however, Michael led off his article with a statement that makes it seem like D.R.Horton is the only one "getting around the system" (his words, and not exactly neutral) And yes, if you're making a point about who uses the DP assistance program, it's does matter that you disclose all the participants, like private sellers, and builders, and even public agencies. Highlighing one company out of the dozens, maybe hundreds of entities using DP assistance is not exactly fair. If builders are the largest users of this program, why not say that? Also, a gift DP is always a gift, and never has to be paid back, even if it is rolled into the price-no getting around that. Banning DP assistance would mean the family "gift" rules go out too, because that "no-repay gift" rule is exactly what allows family members, friends, and yes, 3rd party DP assistance providers to provide that gift. Does anyone remember what the original purpose of Nehemiah ( one of the original down payment assistance providers) was-or what it means? Perhaps the rule needs to be amended to eliminate 3rd party gifts? Or, to be on point about using money efficiently, how about bringing back 4-5 month reserves, if you use DP assistance? Reply
  • commenter
    Jane
    Jun 26 03:04 PM
    Is the FHA Effectively Condoning Mortgage Fraud? [view article]
    Matt, the "gift" from a DPA isn't necessarily something they don't have to pay back. Sometimes it's rolled into the price. I don't think anyone's targeting DR Horton but other articles on this have said builders are the largest users of DPA's. The fact sellers use them too doesn't really matter. What matters is that these purchases are far more likely to go into foreclosure. Bannning DPAs will not ban true gifts from one's family members.

    FHA can't handle the loss and it may fall on tax payers. Getting buyers into homes with toxic financing isn't charitable, it's irresponsible. IMO we're pushed way too aggressively to become homeowners in this country. Renting isn't evil, and sometimes it's a better option. I have been both a renter and an owner. It's astounding how renters are vilified no matter how responsible they may be, no matter how senseless or unaffordable buying may be for them. But we treat them as if they're deadbeats for not owning, then expect them to become shining examples of financial responsibility when they buy a house they can't afford with a loan that's a ticking time bomb.     Reply
  • commenter
    rm
    Jun 26 11:19 AM
    My Website
    Is the FHA Effectively Condoning Mortgage Fraud? [view article]
    [If a buyer cannot come up with a 3% down payment, they are in no position to handle a sudden rise in taxes or insurance, or any type of emergency repair. ]

    Actually, you've got two factors there:

    1- They're not saving ANY money. If you rent an apartment for $800/month, and you want to buy a $100k home, first and last month's rent gets you more than halfway home.

    2- If they have the down payment and that's all they have, and then they use it for a down payment, they're back to square one, as most average Americans have no savings.

    There are other issues that are contributing to and exacerbating the problem.

    Their lack of a down payment demonstrates their inability to save...     Reply
  • commenter
    nukldrager
    Jun 26 10:54 AM
    Barron's: Public, Not Private Homebuilders Will Prevail [Housing Tracker] [view article]
    Roofs and decks... Reply
  • commenter
    matty2tan
    Jun 26 10:18 AM
    Is the FHA Effectively Condoning Mortgage Fraud? [view article]
    First of all, why highlight D.R Horton? The down payment assistance you are talking about can be, and is, used by everybody in the business, private sellers included! The FHA is not allowing sellers to "circumvent" the down payment requirement-they are merely allowing gift funds (with no repayment requirement) to be used for the DP. This allows parents, for example, to assist in their childrens home purchase by "gifting" funds". It also allows other parties to contribute to the DP, provided the no repayment requirement is met. And who says that all these buyers can't come up with a down payment? Quite a few have money in the bank, giving them an extra cushion instead of draining the account for a down payment. Why wouldn't you take advantage of a seller paid down payment if you could, especially at todays low rates. Wouldn't you rather pay a tax deductible $30-35 extra a month to keep your $6000-7000 nest egg in the bank in these uncertain economic times? Reply
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