$30,000 Millionaire said:
I don't think Kamala has relations.
Not sure but she's about 45 yrs too old for Joe.
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Last: 3 min ago by South Platte
Not sure but she's about 45 yrs too old for Joe.
ProgN
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ProgN said:
Reminds me of the scene in Kingpin. "I will pay you $1M to sleep with your friend. One night. $1M. Cash."
Brilliant
yeah, hopefully he's not withholding information from shareholders…Ags2013 said:HoustonAg2014 said:
WWR appointed a new CEO? Interested to see if OA has any thoughts.
That CEO wasn't around long. I think like a year.
This is scary. 😬
— Nick Gerli (@nickgerli1) January 17, 2023
KB Homes, a large home builder, just reported a 68% CANCEL RATE.
Meaning that over 2/3 of Homebuyers walked away from their contracts in the quarter. Leaving KB Homes with a massive pile-up of inventory.
Last year the Cancel Rate was only 13%. pic.twitter.com/4O9OaWO8K0
Found this interesting
Their homes are crap and they're probably trying to charge too much.
BOJ keeps rate policy unchanged. *Shock*
I've also been told KB and other big home builders plan to build the absolute minimum amount of houses per their contracts for 2023 to minimize loses because they will have to sell at a loss on these houses. Home builders got way over their skis trying to pump out massive numbers…
The info isn't shocking but the steepness of the trend is what caught my attention. Interesting put opportunity I'll keep an eye on .
There is talk out of Russia that Putin is declaring war tomorrow. If so, I'm not sure how it will affect the markets. Trade wisely.
It's very shocking the steepness that is for sure lol
Charismatic Megafauna
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Keep going, I'm almost there...
HoustonAg2014 said:
I've also been told KB and other big home builders plan to build the absolute minimum amount of houses per their contracts for 2023 to minimize loses because they will have to sell at a loss on these houses. Home builders got way over their skis trying to pump out massive numbers…
Would love to see details of their cancellations. What markets? What price point? Etc.
On who?jbeck3487 said:
There is talk out of Russia that Putin is declaring war tomorrow. If so, I'm not sure how it will affect the markets. Trade wisely.
This could be your trendline headline.jbeck3487 said:
There is talk out of Russia that Putin is declaring war tomorrow. If so, I'm not sure how it will affect the markets. Trade wisely.
lobwedgephil said:On who?jbeck3487 said:
There is talk out of Russia that Putin is declaring war tomorrow. If so, I'm not sure how it will affect the markets. Trade wisely.
Democratic Republic of the Congo. They really pissed Putin off.
krosch11 said:This is scary. 😬
— Nick Gerli (@nickgerli1) January 17, 2023
KB Homes, a large home builder, just reported a 68% CANCEL RATE.
Meaning that over 2/3 of Homebuyers walked away from their contracts in the quarter. Leaving KB Homes with a massive pile-up of inventory.
Last year the Cancel Rate was only 13%. pic.twitter.com/4O9OaWO8K0
Found this interesting
Don't know Pulte stats but do know they recently went through layoffs.
Ukraine. They're talking escalation and full scale war. No longer calling it just an exercise.
Semantics. Distinction without a difference.jbeck3487 said:
Ukraine. They're talking escalation and full scale war. No longer calling it just an exercise.
Russia invaded full scale and got stoned. Only thing they haven't done is raze entire cities with bombing campaigns or use nuclear weapons. They've been in a full scale ground war.
Unless the market thought nuclear weapons were in play, I don't think a declaration of war means all that much.
https://www.newsfilecorp.com/release/151672/Atlas-Lithium-Signs-Memorandum-of-Understanding-with-Mitsui-Co?src=stocktwits
Atlx partnering with Mitsui. Same company that partnered with SGML. 65 million dollars for production plant and a buyer of 100% of 150,000 tons per year of lithium at prevailing price at the time. This is ****ing huge. Exactly the same trajectory as SGML. Market cap is is still 60 million. SGML is now over 3 billion. It's happening guys. It's really actually happening.
Atlx partnering with Mitsui. Same company that partnered with SGML. 65 million dollars for production plant and a buyer of 100% of 150,000 tons per year of lithium at prevailing price at the time. This is ****ing huge. Exactly the same trajectory as SGML. Market cap is is still 60 million. SGML is now over 3 billion. It's happening guys. It's really actually happening.
atlx already up premarket
Got myself some lunch money today.
krosch11 said:This is scary. 😬
— Nick Gerli (@nickgerli1) January 17, 2023
KB Homes, a large home builder, just reported a 68% CANCEL RATE.
Meaning that over 2/3 of Homebuyers walked away from their contracts in the quarter. Leaving KB Homes with a massive pile-up of inventory.
Last year the Cancel Rate was only 13%. pic.twitter.com/4O9OaWO8K0
Found this interesting
When the price of new builds becomes highly discounted to release inventory, the price of resales will follow.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
- I Bleed Maroon (distracted easily by signatures)
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Moo
This is an interesting data point. What is also interesting is that if you talk to experts they all say it takes about 4 quarters for interest rate hikes to hit the real estate market. We aren't even there, yet.
Don't like the action right now.
Charismatic Megafauna
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This is wild, just Russia news digesting or is something else going on?
Edit: ah ppi
Edit: ah ppi
Anyone else throwing a few $$$ at DBD?
This needs to work itself out in my opinion
This is a great example of "no edge".
Theta decaying fast.
If you have LABU- sell
If you have LABU- sell
Do you ever purchase LABD after selling LABU?
South Platte said:
Do you ever purchase LABD after selling LABU?
No. That's not how it works. Taking profit does not mean being bearish.
Almost all homebuilders had a very high cancellation rate since lat summer. Although KB was one of the higher rates since they build a crap home and at a lower price point.
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