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re: Don't look now but Berkshire Hathaway sold off all of it's shares of D.R. Horton
Posted on 3/1/24 at 9:26 am to ksayetiger
Posted on 3/1/24 at 9:26 am to ksayetiger
quote:
Not to derail thread, but some people actually want this. Both sets of my grandparents built homes with little yard because they were getting older and didn't want any yard.
I personally would hate it.
To each their own.
It's true, there's mile upon mile of these neighborhoods in my area in MD outside of DC. Massive like 800k houses that have just enough room between them to get a 42 inch riding mower through. No thanks, I moved to the woods for a reason.
1
Posted on 3/1/24 at 9:29 am to Doosh606
quote:
Lennar is building the ugliest damn neighborhoods
i REEEEE everytime i see a new KB Homes, Lennar, or DR Horton neighborhood pop up.
Posted on 3/1/24 at 9:30 am to Doosh606
They built/are building a massive DR Horton development on top of a former dump and marsh in Slidell. When the next Katrina hits, it will be a disaster
Posted on 3/1/24 at 9:32 am to DVA Tailgater
quote:
t on top of a former dump and marsh in Slidell.
well that doesn't narrow anything down.
Posted on 3/1/24 at 9:36 am to stout
I know for a fact that DR Horton is still buying several hundred acre tracts for development. I've seen the contracts.
Posted on 3/1/24 at 9:43 am to DVA Tailgater
quote:
hey built/are building a massive DR Horton development on top of a former dump and marsh in Slidell. When the next Katrina hits, it will be a disaster
the dump wasnt were the neighboorhood is. People dont have a good memo apparently
Posted on 3/1/24 at 10:14 am to ksayetiger
Small yards aren’t necessarily a problem.
Paying a premium on the property price for that is insane, though. Americana in Zachary is like that, where the yard is a postage stamp but the houses are $300K plus on the low end.
Paying a premium on the property price for that is insane, though. Americana in Zachary is like that, where the yard is a postage stamp but the houses are $300K plus on the low end.
Posted on 3/1/24 at 10:16 am to GumboPot
quote:
Do you know where they have reallocated those assets?
Rumor is that Berkshire Hathaway has been jumping into Hubbell (HUBB) which makes sense as the stock is up 83.59 over the last three months (28%).
Posted on 3/1/24 at 10:20 am to MrLSU
quote:
All of the majors do their own in-house financing and they are cash cows for all of the home builders because they are buying down the rates f
They are losing money on the lending side with the rate buydowns but making it up in the cost of the house. You can use their in house lender even if you don’t buy one of their homes but you don’t get that super low rate.
Posted on 3/1/24 at 10:23 am to npt817
DSLD for life
Posted on 3/1/24 at 10:25 am to GumboPot
quote:
Berkshire also exited its positions in homebuilder D.R. Horton Inc., Markel Group Inc., StoneCo Ltd. and Globe Life Inc. The firm reduced its stakes in HP Inc. and Apple Inc., which remained its top holding, while adding to its stakes in Chevron Corp. and Occidental Petroleum Corp.
LINK
Posted on 3/1/24 at 10:56 am to Bass Tiger
quote:
precious metals.
If by precious metals you mean Guns and Ammo...then yes!
Posted on 3/1/24 at 11:00 am to cwill
quote:
quote:
while adding to its stakes in Chevron Corp. and Occidental Petroleum Corp.
LINK
Makes sense. Not only is demand for energy steadily increasing, The Inflation Reduction Act has made fossil fuel use more profitable with CCS credits.
Posted on 3/1/24 at 12:00 pm to MrLSU
quote:
Pretty odd time to be selling off the national Homebuilder stocks because the Housing Market Index YOY for Feb is up for all markets. The HMI in 2023 for Feb was 42 and in 2024 it is 48. The last time it was this good was back in August of 2023.
A guy like Warren Buffett doesn’t care about what the index is; he cares about what it’s going to be.
Posted on 3/1/24 at 12:10 pm to stout
We did a lot of work for DR Horton on 30a near destin. It was their first of a kind luxury homes and they were the biggest piece of garbage homes I have ever seen.. these houses were selling for high hundred k (700-1m) and they were all falling apart from cheap materials, shortcut corners, etc. the houses were fricking brutal for the price
Posted on 3/1/24 at 12:28 pm to FLTech
quote:I’ve seen some videos recently done by home inspectors and those DR Horton homes are absolutely trash.
We did a lot of work for DR Horton on 30a near destin. It was their first of a kind luxury homes and they were the biggest piece of garbage homes I have ever seen.. these houses were selling for high hundred k (700-1m) and they were all falling apart from cheap materials, shortcut corners, etc. the houses were fricking brutal for the price
My god the framing in the attics looked like it was done by grade schoolers. Their quality is atrocious. If you’re looking at a DR Horton home, don’t walk away, run away.
Posted on 3/1/24 at 12:37 pm to bhtigerfan
Buffetts assets were confiscated,being sold off,
Posted on 3/1/24 at 12:45 pm to SlowFlowPro
quote:
Doesn't DRH do their own in-house financing? That may be the issue.
With inflation and insurance being what it is, I wouldn’t want to be near mortgages either.
But I’m also not a billionaire.
Posted on 3/1/24 at 12:48 pm to MrLSU
quote:
All of the majors do their own in-house financing
Beazer Homes doesn't.
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