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DR Horton Inc. Message Board

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  • tomyris2001 tomyris2001 Sep 3, 2007 4:43 PM Flag

    DHI is worth less than $12..00 share--

    It seems to me that many people are not taking into consideration that this problem is mainly confined to a small portion of the population that were hoodwinked by slick mortgage salespeople , plus no doubt many speculators have just walked away from flipper condos in Florida and California to make the problem look even worse . Correct me if I am wrong but I believe I saw a chart on CNBC the other day that showed the default rate on subprime mortgages was similar to the present rate back in 2002 , but because of the lack of a CDO factor it never made the front page .

    You guys seem to think the Housebuilding in the USA is dead , but the last time I was there ( I am writting this from a beachfront condo in Spain ) I noticed that most of the houses were made from Wood or similar materials that do not last hundreds of years .

    I agree with those who can see past the nose on there face and are nibbling these fine corporations with an eye on future riches .

    Remember USA houses are one of the few things not now made in China , they will ALWAYS be made in the good ole USA ,lots of them , and very profitably too, once this Wall St inspired mess is cleared up.

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    • "You guys seem to think the Housebuilding in the USA is dead , but the last time I was there ( I am writting this from a beachfront condo in Spain ) I noticed that most of the houses were made from Wood or similar materials that do not last hundreds of years."

      ...too much Sangria. Come back and try it again, when you've come down, a bit.

 
DHI
24.80-0.01(-0.04%)Dec 24 1:02 PMEST

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