EDITORIAL OPINION: Home Builder Profits will be Greater |
Sunday, 19 August 2012 |
EDITORIAL OPINION: Home Builder Profits will be Greater
The history of homebuilding is littered with controversy. The industry has successfully perfected the art of marketing illusions of not so well-built new homes with emboldened promotions that overstate values of worthless warranties. Dishonesty proved to be highly profitable on the way to becoming giants of the home construction industry, but proved to be mere pocket change compared to its major roll played in the world market of big time mortgage fraud; proving that crime does indeed pay...As Investment Bankers and Wall Street Tycoons are called to answer before Congress, their homebuilding counterparts are conspicuously absent to explain their massive lending fraud that played significantly in the collapse of the nationâs economy.
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