Who ever thought the most valuable soil in the country for farmland was in Rhode Island?

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Who ever thought the most valuable soil in the country for farmland was in Rhode Island?

I confess, I’m surprised that the United States has such a good price-to-cost ratio for homes compared to the rest of the world (of course, Palo Alto isn’t quite like that).

Here’s another look at my one homebuilder short, Lennar (LEN). As you can see from the tints, my hope for this is for it to re-enact its behavior during the financial crisis. Its topping pattern is just as good, if not better, than what we witnessed those many years ago.

I guess if you like in Slovakia and don’t own your home, you must be a complete outcast (or flat broke).

I’ve been a long-time proponent of shorting Lennar (LEN), as careful readers know. It is slowly but dutifully moving in the direction that God intended.
