Cindy S's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/29407/comments http://seekingalpha.com/article/43589-homebuilders-hell-fights-back?source=feed#comment-93079 93079 Tue, 07 Aug 2007 15:04:15 -0400 http://seekingalpha.com/article/41867-the-american-dream-is-overbought-and-overbuilt?source=feed#comment-91939 91939 PATH). When I pass new developments I can see some shortcuts builders are taking, industry-wide, that will certainly contribute to the early demise, or expensive repairs, of these homes. We already have a "disposable housing" mentality (just as we do with all products). Just look at the number of non-defective older homes that were torn down to make way for McMansions. The irony, I guess, is that the McMansions are even more temporary, due to shoddy construction. On a slightly different topic, I believe the industry gloom and doom is just the industry angling for a federal bail out of some kind. Whether it's to urge the feds to lower interest rates and loosen lending guidelines again, or an actual bailout, I don't know. But I do not believe the industry would admit there's anything wrong unless there was an agenda behind it. They still aren't admitting to the shoddy construction.]]> Mon, 23 Jul 2007 12:32:34 -0400 PATH). When I pass new developments I can see some shortcuts builders are taking, industry-wide, that will certainly contribute to the early demise, or expensive repairs, of these homes. We already have a "disposable housing" mentality (just as we do with all products). Just look at the number of non-defective older homes that were torn down to make way for McMansions. The irony, I guess, is that the McMansions are even more temporary, due to shoddy construction. On a slightly different topic, I believe the industry gloom and doom is just the industry angling for a federal bail out of some kind. Whether it's to urge the feds to lower interest rates and loosen lending guidelines again, or an actual bailout, I don't know. But I do not believe the industry would admit there's anything wrong unless there was an agenda behind it. They still aren't admitting to the shoddy construction.]]> http://seekingalpha.com/article/20600-the-real-reason-to-avoid-homebuilders?source=feed#comment-75118 75118 www.boston.com/news/lo.../ Agent admits inventing sales]]> Thu, 16 Nov 2006 19:05:08 -0500 www.boston.com/news/lo.../ Agent admits inventing sales]]> http://seekingalpha.com/article/20600-the-real-reason-to-avoid-homebuilders?source=feed#comment-74988 74988
Older article on fraud: realtytimes.com/rtcpag...

Newer article on problems with using builder's in house mtg co: realtytimes.com/rtcpag...

Recent article from RISMEDIA about title kickbacks: rismedia.com/index.php.../]]> Wed, 15 Nov 2006 15:27:46 -0500
Older article on fraud: realtytimes.com/rtcpag...

Newer article on problems with using builder's in house mtg co: realtytimes.com/rtcpag...

Recent article from RISMEDIA about title kickbacks: rismedia.com/index.php.../]]> http://seekingalpha.com/article/20600-the-real-reason-to-avoid-homebuilders?source=feed#comment-74970 74970
E.g., KB Home, the builder now under SEC investigation, was fined millionls, previously, by the FTC and HUD. They are not the only builder doing these things, but they've been in the news the most about getting caught. Many homeowners complain about predatory lending, seriously shoddy construction, breach of warranty, dishonest practices, etc, going on in real estate. But unless banks are hurt, law enforcement often looks the other way. Another example, the F. Jeffrey Miller case that only this year resulted in indictments. Check this news page for more examples: www.hadd.com/dailynews...

As for real estate agents being stripped of their license, I have certainly read of it happening. I don't believe that people look for this, or even know WHERE to look for this, unless they find themselves embroiled in a dispute of their own, and refuse to take it lying down.

Same goes for homebuilder complaints, bribing appraisers to make the value come in higher, title insurance investigations, IRS crackdowns on down payment assistance programs that are not charities but money-laundering vehicles for sellers and builders, etc.

Way to go, Mr. Church! GREAT article.]]> Wed, 15 Nov 2006 12:42:41 -0500
E.g., KB Home, the builder now under SEC investigation, was fined millionls, previously, by the FTC and HUD. They are not the only builder doing these things, but they've been in the news the most about getting caught. Many homeowners complain about predatory lending, seriously shoddy construction, breach of warranty, dishonest practices, etc, going on in real estate. But unless banks are hurt, law enforcement often looks the other way. Another example, the F. Jeffrey Miller case that only this year resulted in indictments. Check this news page for more examples: www.hadd.com/dailynews...

As for real estate agents being stripped of their license, I have certainly read of it happening. I don't believe that people look for this, or even know WHERE to look for this, unless they find themselves embroiled in a dispute of their own, and refuse to take it lying down.

Same goes for homebuilder complaints, bribing appraisers to make the value come in higher, title insurance investigations, IRS crackdowns on down payment assistance programs that are not charities but money-laundering vehicles for sellers and builders, etc.

Way to go, Mr. Church! GREAT article.]]>