Jane

As Housing Market Struggles, Homebuilders Focus on Survival

It is amazing how many experts write articles on homebuilder stock, the new home market, etc, without ever mentioning that factors that just MIGHT matter include: rampant shoddy construction and code violations; worthless warranties; abusive arbitration clauses; hidden complaints due in large part to arbitration clauses; builders having a big part in creating a housing bubble with artificially inflated prices and mortgage fraud, and so on. These problems, despite being ignored by mainstream media and many "experts," exist and have had a hand in the current economic problems...more than most casual readers know. I doubt the casual reader of economic information realizes that six of the big builders were fined last year alone, (plus I don't know how many smaller builders), for lending law violations. Despicable that they just pay a fine instead of being really held accountable for their hand in this mess. That's just one example. Investors who are really doing their homework would do well to research and consider these things. If they had, perhaps many Americans would not have seen their investments go up in smoke by leaving their retirement funds in the hands of "experts" who failed to "see the housing crash coming." Many saw it coming,and warned. Far too few experts paid attention.