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American Home Mortgage Investment Corp. Message Board

  • sme20_98 sme20_98 Mar 20, 2007 8:47 AM Flag

    Housing market has stablized

    Shorts better cover--Div is only a couple of weeks away--then continued positive earnings--this stock on its way back to $35. With housing news positive today--no where to go but up.

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    • Glad to know you idiots will be gone from here on April 10th--I look for you experts then

    • Sorry bad link

      Homebuilders And The Spin That Encompasses Them

      Author: Jim Sinclair

      Dear CIGAs,

      The spin is old here but I imagine the Board of Fabrication could not come up with anything else. Here is the skinny. Homebuilders live off the builders loans. They pay themselves as well as suppliers and staff. A builder's loan is short term, expensive and easy to get if you have good credit and a relationship with the lender. Builders will build as long as they can get credit. When sales and prices slump, the builders loan becomes their sole source of income.

      Anyone who says an increase in housing starts means a rebound in the real estate market might consider the above. If it did then an increase in housing starts when the housing market is a buyers market at lower price means a GLUT of unsold homes coming up. It means builder bankruptcy will rise significantly. Bankruptcy law still works for a builder, but not a credit card user.

    • Did you read the report? Housing permits in the NE were down 30%. You call that stable? It's going to get ugly, very ugly and as I said before, this is the beginning.

0.0050.000(0.00%)Jul 23 12:51 PMEDT

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