Technical Olympic USA Inc. (TOA)

All Comments on TOA

  • 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 19 03:09 PM
    What Happens When Builders Fail [Housing Tracker] [view article]
    The only ones that didn't see this coming were the National Association of Homebuilders and the CEO's of the public homebuilders, most of which still have their jobs and lucrative pay packages. Reply
  • commenter
    Jane
    Jun 18 06:20 PM
    What Happens When Builders Fail [Housing Tracker] [view article]
    At least 4 yrs ago I could see this mess was going to happen and I was not alone. I think it's time the experts started paying attention to what's really going on out there instead of thinking they're insulated from it. Housing bubble blogs, consumer sites, some economists, and many others, all pointed out the bubble was unsustainable and not a good thing. Too many people thought of houses as 'investments' that never went down in value. There was a lot of push from the real estate industry and our own government to buy a house. Toxic loans were praised as "increasing homeownership" with no thought to the FACT many of these buyers could not afford it, and/or were flippers. Mortgage fraud was going on and still is. Without the industry complying with the sham, it could not have reached these proportions, and the industry created the toxic loan products, pushed them, approved them, and sold them as 'investments.' The FBI found two yrs ago that 80% of the fraud was being done by the industry. This industry shot itself in the foot. For anyone in the know to claim this wasn't predicted, wasn't predictable, is ludicrous. Even ordinary people with no special training saw this coming. Reply
  • commenter
    notsosmart
    Jun 18 11:16 AM
    My Website
    What Happens When Builders Fail [Housing Tracker] [view article]
    nobody knows anything. the few that are right(for now) are just lucky.what a mess. and now i will be called unpatriotic by some. Reply
  • commenter
    carey_jim
    Jun 18 10:39 AM
    What Happens When Builders Fail [Housing Tracker] [view article]
    Economic "muddle" that is. Reply
  • commenter
    carey_jim
    Jun 18 10:39 AM
    What Happens When Builders Fail [Housing Tracker] [view article]
    Why, then, did the UltraShort Real Estate ProShares ETF (SRS) go from a high of about 138 down to a low of about 80 and is only now climbing back above 90?
    Ah, the efficiency of markets: Adam Smith vs Karl Marx. Which economic modle will eventually win?     Reply
  • commenter
    User 201843
    Jun 18 10:18 AM
    What Happens When Builders Fail [Housing Tracker] [view article]
    Anyone who would think of going into this RE market would indeed be mad. Best to let the dust settle first. There will be plenty of time to and choice out there over the next two years at least!
    For quite a while to come it is going to be a buyers "hard ball" market. The banks, the Govt and the Fed have the short end of the stick now and they would love to dump what is in the pipeline onto someone else ... prices will come down MUCH More.
    Don't fall for it.
    Better to buy in a riseing market that trying to "catch a falling knife". Buyer Beware     Reply
  • commenter
    jimsep
    May 28 10:37 AM
    NVR CEO Sells Shares Again [Housing Tracker] [view article]
    "Housing skid leads to exodus of builders?" It couldn't happen to a better bunch. They have to rank with the US auto industry and the US banking industry as the worst managed in this country, all of which have become an albatross. Reply
  • commenter
    SeekingAlpha
    Editors
    Apr 06 05:18 AM
    My Website
    General Discussion on TOA
    Is this a buy or a sell? Reply
  • commenter
    Matt
    Blackman
    Feb 10 04:40 PM
    My Website
    Housing Market Tracker - False Bottom for Homebuilders? [view article]
    Sorry, the last link didn't work properly. Here is the link to the chart showing technicals and fundamentals for the index of 26 US homebuilders - tradesystemguru.com/co... Reply
  • commenter
    Matt
    Blackman
    Feb 10 04:35 PM
    My Website
    Housing Market Tracker - False Bottom for Homebuilders? [view article]
    This latest homebuilder rally is very similar to the last bear rally that sucked in investors between July 06 and April 07. It turned out to be false because the fundamentals continued to deteriorate.

    Here is a chart of the homebuilders index of 26 builders (VectorVest) as it looked as of the week of February 8 (see tinyurl.com/2e7794 ). Given that sales and home prices continue fall across the country and the economy is weakening, I do not see any mechanism that could boost homebuilder fundamentals anytime soon... In other words, this rally stands the same chance of being sustained as the last one...
    Matt Blackman - Host TradeSystemGuru.com     Reply
  • commenter
    User 121302
    Feb 09 07:26 PM
    Housing Market Tracker - False Bottom for Homebuilders? [view article]
    Yes, it is a false bottom for homebuilders. Those people who bought stock in the homebuilders this month and last (Jan/Feb 2008) will do fine if they hold the stock through 2008 and 2009 when the builders are still going to lose billions.

    Think about it! It's about buyers and affordability. No buyers and houses cost too much. To give some builders credit, I have seen ads listing homes in California at $199,000. But are these give away, at a loss pricing? Yes, I think so.

    Only when builders build homes people can afford will the carnage end.

    Cities and counties need to make homebuilding attractive, like for example lowering developer fees. I have been reading planning commission and city council meeting minutes. When a city demands a fire truck from the developer, and when the city demands the developer pay for public art, the prices are passed on to the homebuyer.

    Also, protecting the pot-bellied, snaggly puss toad wailer raises the cost to the developer and homebuyer because you have to keep the swamp or meadow for the toad wailer to wallow about.

    Also, what would the housing prices be if they weren't built with illegal immigrant labor? It seems no one cares that Espanola is the major language spoken at construction sites. Everyone keeps an eye closed in order to get the house sold, the commission made, profits generated for Wall Street, and fees paid to the city, and property taxes for the counties.

    I see major problems ahead with loan resets into 2008 and 2009. Also, will America allow construction jobs to go to illegal immigrants again? Couldn't legal citizens get these jobs?

    I just can't help thinking, if a house cost $1 million dollars using illegal immigrant labor, what would it cost using American labor?

    If builders can't build an affordable house using legal labor, how are they going to lower housing building costs?

    Are the cities and counties, who are responsible for some of the high cost of housing, going to back off on demanding so much from the developer? Or are these leaders content to gouge the developers (and the property tax payers)?

    In summary, how can you buy stock in the financial companies and the builders when both have lost millions and will lose millions more?

    Once the vast majorities of folks wake up and realize their property values are going down, they will get angry. They will feel they were suckered into buying a house that won't see the high values of 2006 for years down the road. Meanwhile, they are stuck with a mortgage draining their paychecks.

    And all the candidates will seize upon the economy as the area to fix; yet these same politicians passed the 2005 Bankruptcy Act to make it more difficult for people to eliminate stress and hounding creditors. Credit card companies loved the 2005 Bankruptcy Act that our beloved Congress passed.

    Don't trust words coming out of these candidates. I just read where some of the biggest lenders and banks contributed millions to both parties (roughly 70% to the Democrats and 30% to the Republicans). Do you trust these politicians running for office to help you out when the banks and lenders are paying their election campaign money needs?

    Don't spend.

    Don't spend your rebate.

    However, many will need to spend their rebate because many folks are hurting.
    Save your money.

    Demand property tax cuts and refunds.

    Vote no on bond issues (bonds are debt).

    Vote no on tax increases.

    Vote no on every liberal spender (Democrats mostly, but some Republicans as well).

    Remember the names of your county supervisor that added taxes without your permission, such as the 911-phone tax surcharge in Santa Clara County, California.

    Demand higher homestead exemption rates on residences.

    Demand homestead exemption rate increases tied to an annual cost of living expenses.

    Demand Congress reel in the interest rates and practices of all the credit card companies.

    Demand employers of illegal immigrants be fined heavily and jailed.

    In summary, the housing and financial sectors haven’t hit the bottom. It will be a campaign issue all year. The mortgage meltdown will reek havoc with millions of current homeowners, 402(k) holders, and pension plan members.

    Maybe if Hillary shares her secret of how two Arkansas lawyers wound up with S10 to 25 million in assets, it might help the rest of us to prosper instead of suffer.

    But as of this time, Hillary refuses to release her income tax records. Why not? Obama did.

    Is there something she wants to hide? What’s with these profits from Dubai, an Arab country that we were so afraid of, we did not consummate the port deal with them.

    If Hillary is running on experience, why doesn’t she share her experience of making the big bucks?


     Reply
  • commenter
    gordon
    Feb 09 11:19 AM
    Housing Market Tracker - False Bottom for Homebuilders? [view article]
    We work for Lennar, our biggest account.(So.Calif) all is dead, only one project opening this year. This was a short-covering rally is all, from 1990-94 we witnessed a credit crunch similar. Our home dropped 30+%, we didn't complain and beg for a handout.Anyone in this industry like us since 1980 knows it's boom & bust and prepares for it.
    The bogus "hope" programs is only stalling what should happen NOW, these over-leveraged buyers should mail in the leys and rebuild their credit, renting at 1/2 or less what their payment is. Nobody lied in 1990 by telling us our values wouldn't drop. This is the most corrupt deceptive administration in history, promising what is pure fantasy, further ruining lives, many of these buyers never made(80%!) their first payment, even before a reset. Many didn't even know they owned the house, they thought they were renting, to own later. Both are lies. Any attempts to freeze the initial rates is a violation of contract laws, for Clinton to suggest this is an outrage. No investor will ever buy a mortgage-backed bond for income again. To think judges have the capacity with their case loads to adjust their rates in bankruptcy court is also a pathetic outrage, we never had these desperate attempts in 1990 to keep people in homes they couldn't afford.     Reply
  • commenter
    wallmann
    Feb 08 08:46 AM
    My Website
    Housing Market Tracker - False Bottom for Homebuilders? [view article]
    I agree, in most regions of the US house prices will continue fall for most of 2008 and then I believe we will be looking at two years of flat prices before they start to inch upward. At that time, I feel many foreign investors will come in and scoop up a lot of our real estate and why not, they own so much of our debt now!

    IBuyProperties.blogspo...     Reply

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