Friday, January 20, 2006

New Jersey Homebuilders Hosts Home Sale Extravaganza

Local New Jersey Homebuilder is hosting a home sale extravaganza.


Centex Home Sale Extravaganza


Thought everyone could use a good laugh, I tried my hardest..

Caveat Emptor!
Grim

16 Comments:

Blogger gs in be said...

Nice job!!

1/20/2006 06:41:00 PM  
Blogger aloha_mr_hand said...

Long time lurker

Nicely done Grim that's hilarious!

Really enjoy the blog

1/20/2006 07:03:00 PM  
Blogger grim said...

Spelled a word wrong, damn..

grim

1/20/2006 07:27:00 PM  
Blogger san mateo baby! said...

Nice one.

1/20/2006 07:28:00 PM  
Blogger landgrab said...

Thanks to Mike Bloomberg, even the the most clueless homebuyer would not show up for this.

1/20/2006 07:50:00 PM  
Blogger Richie said...

love it.. speculators welcome!

1/20/2006 08:48:00 PM  
Blogger Grim Ghost said...

Is this sort of blowout event normal or is this a sign that Centex is having trouble selling its inventory ?

1/20/2006 09:36:00 PM  
Blogger grim said...

Centex Steps Up Promotions

In an aggressive push to move its housing inventory in Northern California, Centex Homes is offering up to $100,000 discounts on its stock of new homes in the region.

...

The incentives demonstrate how pricing is becoming an issue in Northern California and other coastal areas of the country. The San Francisco Bay area has shown rapid price increases over the past few years, which has boosted margins at builders. But with land prices rising and the use of incentives increasing, margins will eventually come under more pressure.


Seems these sales haven't been confined to California. I'll leave it up to you folks to determine if this is a sign of trouble in the market..

Caveat Emptor,
Grim

1/20/2006 10:18:00 PM  
Blogger RentinginNJ said...

Is this sort of blowout event normal or is this a sign that Centex is having trouble selling its inventory ?


I just go in from Los Angeles a few hours ago. One homebuilder company (forgot who)was having a "red dot sale" where homes with a big red dot on the door would be offered with huge incentives such as cash back and below market intesrest rates. It sounded like one of those Crazy Eddie commercials.

1/21/2006 12:06:00 AM  
Blogger grim said...

This wasn't anything against Centex. I've said it before, and I'll say it again, I have no problems with the homebuilders. They have nothing to do with the current state of the local market.

This was all in good fun, just a Friday afternoon laugh. This is not any kind of stab against Centex.

This issue tends to get very "doom and gloomy", a good laugh every once in a while keeps us sane.

grim

1/21/2006 08:01:00 AM  
Anonymous Cassandra said...

wonderful, grim, wonderful

1/21/2006 08:12:00 AM  
Blogger Metroplexual said...

Grim,

Tommorrow the New York Times NJ section has an article about the exodus of the middle class in NJ to the south. More specifically to central Florida which they are saying is NJ in FLA. It will probably be available after midnight on the NYT website. A map is with the article showing counties with the highest migration.

Housing costs are the reason given.

1/21/2006 11:20:00 AM  
Anonymous Anonymous said...

And the REAL fun has not even started yet.

Wow. This is going to get really ugly in next 6-12 months.
Patience.

1/21/2006 11:22:00 AM  
Anonymous Anonymous said...

Here is a sad thing. I've been looking at that ad and I can't make out whether it is a joke or not. Somebody help me out. Such are the times we live in..

1/22/2006 05:06:00 AM  
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