Comments on: Pierce County Home Builders Feeling the Pinch http://seattlebubble.com/blog/2008/05/05/pierce-county-home-builders-feeling-the-pinch/ local real estate news, statistics, and commentary without the sales spin. Thu, 18 Mar 2010 06:23:21 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: OlyRobhttp://seattlebubble.com/blog/2008/05/05/pierce-county-home-builders-feeling-the-pinch/#comment-47506 OlyRob Tue, 06 May 2008 14:34:47 +0000 http://seattlebubble.com/blog/?p=1908#comment-47506 “Bellevue-based Quadrant Homes, unlike other builders, does not put up anything that isn’t already pre-sold.”
Yea Right…there are two Quadrant Editions in the Olympia area that have dozens of Un-Occupied homes and have been that way since last September. And they have $500 move in signs everywhere and people standing on street corners waving arrow signs all weekend. Not to mention my wifes new boss just moved in from out of state and bought a quadrant that was “Ready to Move-in”.

“On these next 10 houses I’ll give some good pricing. But after that, my prices go back up,” he said. “Every time there’s a slow market, a stronger one follows. There’s only so much land.”
This builder is completely out of touch with the market. I bet he pays $60 for the toilets in his homes but charges buyers over $300.

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]]> By: mike2http://seattlebubble.com/blog/2008/05/05/pierce-county-home-builders-feeling-the-pinch/#comment-47438 mike2 Tue, 06 May 2008 02:17:24 +0000 http://seattlebubble.com/blog/?p=1908#comment-47438 budbrad, my thoughts exactly. The publicly touted agreements I've seen so far usually state that the price guarantee lasts from the time the contract is signed until the sale closes. All that does is give the builder an incentive to close the sales in waves.As long as the builder makses sure that the sales that close in any given wave are dissimilar the guarantee is useless.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('47438','mike2',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('47438','mike2','budbrad, my thoughts exactly. The publicly touted agreements I\'ve seen so far usually state that the price guarantee lasts from the time the contract is signed until the sale closes. All that does is give the builder an incentive to close the sales in waves. \r\n\r\nAs long as the builder makses sure that the sales that close in any given wave are dissimilar the guarantee is useless.',''); return false;">Quote</a></div> budbrad, my thoughts exactly. The publicly touted agreements I’ve seen so far usually state that the price guarantee lasts from the time the contract is signed until the sale closes. All that does is give the builder an incentive to close the sales in waves.

As long as the builder makses sure that the sales that close in any given wave are dissimilar the guarantee is useless.

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]]> By: budbradhttp://seattlebubble.com/blog/2008/05/05/pierce-county-home-builders-feeling-the-pinch/#comment-47399 budbrad Mon, 05 May 2008 18:58:22 +0000 http://seattlebubble.com/blog/?p=1908#comment-47399 Someone should look into how these lock-ins will be working. It's arguable that the builders can get around them by marginally changing the later sold units by doing some minor upgrades for a few thousand bucks to avoid ten of thousands of losses, then argue that the two properties weren't identical, extricating them from the agreement.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('47399','budbrad',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('47399','budbrad','Someone should look into how these lock-ins will be working. It\'s arguable that the builders can get around them by marginally changing the later sold units by doing some minor upgrades for a few thousand bucks to avoid ten of thousands of losses, then argue that the two properties weren\'t identical, extricating them from the agreement.',''); return false;">Quote</a></div> Someone should look into how these lock-ins will be working. It’s arguable that the builders can get around them by marginally changing the later sold units by doing some minor upgrades for a few thousand bucks to avoid ten of thousands of losses, then argue that the two properties weren’t identical, extricating them from the agreement.
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]]> By: Bucerihttp://seattlebubble.com/blog/2008/05/05/pierce-county-home-builders-feeling-the-pinch/#comment-47398 Buceri Mon, 05 May 2008 17:59:31 +0000 http://seattlebubble.com/blog/?p=1908#comment-47398 These articles always make it sound as if home purchasing was discretionary spending."Yeah, buyers need a little motivation"; like making you buy the HDTV you don't need.They don't realize that unlike a DVD player; most people can not afford to have 2 or more houses.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('47398','Buceri',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('47398','Buceri','These articles always make it sound as if home purchasing was discretionary spending. \r\n\r\n\"Yeah, buyers need a little motivation\"; like making you buy the HDTV you don\'t need.\r\n\r\nThey don\'t realize that unlike a DVD player; most people can not afford to have 2 or more houses.',''); return false;">Quote</a></div> These articles always make it sound as if home purchasing was discretionary spending.

“Yeah, buyers need a little motivation”; like making you buy the HDTV you don’t need.

They don’t realize that unlike a DVD player; most people can not afford to have 2 or more houses.

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