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KB Home Message Board

  • willaby willaby Apr 11, 1998 12:54 PM Flag

    Yikes!

    I was #2 on a K&B priority list for an 11 phase division in N. San Diego.

    They raised the phase 4 prices $28K over the last phase starting price of $212,000, and phase 1 started at $197,000!. That is 22% in only 8 weeks! These basic homes really aren't worth it. I dropped out. They will sell out because they cut the phase in half to only 7 homes (increasing demand) and the market is so hot.

    To me as a shareholder this is an indication of how very profitable they will be for the next 2-3 quarters (at least). As a serious homebuyer I am disapointed. They have 35 projects in S. Cal alone.

 
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