The Beginning of Giving Houses Away.

hairdresser · Jan 17, 2006

http://www.12hoursalebycentex.com/12hoursale.html

hairdresser · Jan 17, 2006

Centex is offering $100,000 discounts on its houses in Northern California.

independenceair · Jan 17, 2006

So does that mean the market is saturated ? Or are they just in a good mood ?

landboy · Jan 17, 2006

Quote from independenceair:

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!!

hairdresser · Jan 17, 2006

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.

marketsurfer · Jan 17, 2006

its just a marketing gimmick. nothing new.

surfer

hairdresser · Jan 17, 2006

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.

Algorithm · Jan 17, 2006

First round of "bubble" defalation, sellers market turning into a buyers market.

dgabriel · Jan 17, 2006

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.

hairdresser · Jan 17, 2006

is that what it means? i dont agree w/ you on that one.