Word: demand
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...country. In central Texas, to take an example, D.R. Horton, one of the nation's largest homebuilders, is planning to build upward of 700 houses without buyers lined up. Such speculative houses largely went away during the real estate bust, but for builders trying to stay ahead of growing demand, they are starting to reappear. (See 25 people to blame for the financial crisis...
...only worrisome part about that is what happens if demand then falters. Nationwide, we've seen an uptick in the number of people buying houses - both existing homes and new ones. But still, according to the Oppenheimer report, "the demand side of the equation is less than impressive." Nearly a third of existing-home sales are currently to first-time homebuyers - a wildly disproportionate amount. What happens to those buyers once the $8,000 first-time homebuyer tax credit evaporates at the end of this year? Even with home prices a steal in many parts of the country, whether demand...
...offers this Hail Mary: "Is there a box for that watch? If not, can you shave something off?" The result: no box, a 10% discount and a reminder to always make sure no fixin's are missing. Since retailers can't afford to lose you these days, no demand is too peculiar...
...default swaps or know how to determine the correct leverage ratio for banks." Me neither, and I don't want to depend on an amateur physician telling me how to manage my health. But we can trust our reality-based hunches about fishy-looking procedures and unsustainable projects and demand that the supposed experts explain their supposed expertise in ways we do understand The American character is two-sided to an extreme and paradoxical degree. On the one hand, we are sober and practical and commonsensical, but on the other hand, we are wild and crazy speculators. The full-blown...
President Mahmoud Ahmadinejad's government has promised to present a new package of proposals on the nuclear issue to Western negotiators in the coming weeks. But that package is unlikely to reflect any shift in Tehran's rejection of the U.S. demand that it forgo the right to enrich uranium as part of its nuclear-energy program. "If the U.S. position remains unchanged," says Farideh Farhi, an Iran expert at the University of Hawaii, "Iran may well come to the table, but only in order to demonstrate to its own people that its regime has been recognized, not to seriously...