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Lennar Corporation Message Board

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  • investment_wanker investment_wanker Jun 17, 2008 11:57 AM Flag

    Another bankrupt company

    You've taken one too many cabinet doors to the cranium.
    LENNAR is dead in the water, BECAUSE THE ENTIRE HOUSING MARKET IS DEAD IN THE WATER.

    a) there is huge oversupply
    b) NO ONE QUALIFIES FOR A MORTGAGE ANYMORE
    c) mortgage rates are RISING FAST & people needed two or more incomes just to afford to buy with mortgage rates at 5%; 7.5% will make those already painful payments 50% higher.
    d) the quality of NEIGHBORS this country has to offer is a travesty. You pay all that money to buy a beautiful house in a beautiful place and then you find out your neighbors are loud and obnoxious.
    e) FORGET ABOUT BUYING RENTAL PROPERTIES - unless you enjoy chasing deadbeat losers for rents who trash your properties for kicks
    and stink up everything with cigarettes, beer, and doggy doo.

 
LEN
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