That land is worth more than it was two or three years ago.
More Quotes from Bob Walters:
I hate when people try to read too much into a monthly number. Last month did not portend that housing was going to triple and this month does not portend that housing is going to collapse.Bob Walters
The bulls basically hoped for a number showing housing is eroding, and they didn't get it. I'm not surprised. As long as jobs are strong -- as long as interest rates are low -- this isn't going to change.
Bob Walters
The cards have to be laid on the table. I worry that the project is so massive. They say a six-month planning process, but even that seems too short a time. I wish I would be more hopeful, but I worry that it could be the same old Yonkers.
Bob Walters
These things are tools. Is a chainsaw a good thing or a bad thing If you're cutting down a stand of trees, it's a good thing. If you accidentally chop off your finger, it's a bad thing.
Bob Walters
We may see a flattening of the increase, but not much of a drop. The fundamentals remain strong Employment is robust, and interest rates remain low.
Bob Walters
If you have to wait six months, it's not like interest rates will be 8.
Bob Walters
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