Wolf Richter On Why We Should Short The Homebuilder Stocks
Rising supply + falling prices = plunging profits
Wolf Street’s Wolf Richter is doing a great job of dissecting the real estate market. Definitely consider supporting his efforts.
His latest post is particularly on point for us since our portfolio contains short positions in three big homebuilders. Here’s an excerpt featuring some charts that illustrate the industry’s (apparently insoluble) problem:
Pri…