maeve3333

Homebuilder Bankruptcies: Who Might Be Next?

For Doug Poretz: I was at a due diligence meeting before NVR went public the first time.I recall Mr. Schaar say that after watching U.S.Homes go out of business in the 80-82 recession;NVR would limit their risk by not taking land through subdivision.So as to avoid the undue carrying risk.Which I believe he did for a few years and then loaded up and sank the ship.I take it that was just greed?And how did he exit bankruptcy with such a large personal ownership in the new company.I would appreciate it you could shed some light on the above.Thank you.