Comments by "Jeffrey Deuitch" (@jeffreydeuitch2146) on "Recession WARNING Home Builders SCREWED!" video.

  1. Forget having a handful of finished spec homes they cant sell at full price in a development. This is dwarfed by having several hundred vacant lots in the project with walls, tax on each lot, bond debt for the initial land prep, roads, sewer, water, gas lines, underground electrical, surveys for each lot, drainage ponds, maintenance, etc. The debt for these improvements relay on house construction sales. Multiply this by the numerous developments the big guys have. The info on the media is so imprecise it is rediculous. When sales slow, the debt due to these issues is mind boggling.
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