Discussion in 'Economics' started by hairdresser, Jan 17, 2006.
Centex is offering $100,000 discounts on its houses in Northern California.
So does that mean the market is saturated ? Or are they just in a good mood ?
The look on the lady's face (raking leaves) is priceless... They're DEFINITELY not in a good mood!!
lol. true. i think is that they are saturated with land on their balance sheets and trying to liquidate it before the crashdown.
Good Barrons mention of the problems they face.
its just a marketing gimmick. nothing new.
Houses for $100,000 off. Dont sound like a roaring market anymore. I would hate if Centex was having that sale near where i live.
First round of "bubble" defalation, sellers market turning into a buyers market.
It means that they deliberately overpriced those houses by 40-100k so as to provide an inducement that will still net them a good profit.
is that what it means? i dont agree w/ you on that one.
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