specks

Homebuilders: NVR Buys Lots From Beazer [Housing Tracker]

How can anyone even suggest the stupidity of builders when Robert Toll sold off another mil+ of his company's stock?

Bankruptcies and Rating Downgrades For Homebuilders [Housing Tracker]

The housing market may be at the Bottom!
When the rating agencies finally get around to serious downgrades, its usually too late to do any good.
Several builders have already gone to the markets for new capital. Then, just like the banks, they've also lost that and are now in need of more.
Meanwhile, the management teams are still sucking out huge salary packages.
WOW!!

Interesting Homebuilder Trends In The Slump [Housing Tracker]

It's amazing! Total compensation package for last year of $4.2 million while losing only $2.66 billion!! These CEO's need to be shaken down. How can they possibly justify these kinds of wages with the utter sheer lunacy that they have any credentials in running a sound business. All the experts knew housing was going to tank long before it did. Why did these top dogs not know?
They did know! And they're taking shareholders for a ride. Except of course their inside buddies. I certanly hope Barrack puts in some legislation to prevent this theft. I don't mind paying for expertise. That's how we progress. But I absolutely hate being taken for a fool.
I doubt I'm alone here.
Where have the ethics and responsibilty gone? Are they lost in today's world? A long time ago a guy from Chrysler Lee Iaccoca(sp?)
worked for $1 a year salary and a whole bunch of options based on performance. He took a loser and made it into a winner and didn't pay himself until he performed. Yes he borrowed money from the banks guaranteed by the government but he paid it all back and sooner than agreed!
I for one would sure like to see this kind of philosophy amongst our business leaders once again. Please demonstrate to me there is more to you than pure unaulterated greed!