We spoke to Bruce E. Toll, co-founder in 1967 of Fortune 500 homebuilder Toll Bros., about the Russia-Ukraine conflict and U.S. price and interest rate inflation.
Q: After all those campaigns against fossil fuel, demand for your coal is up?
, to replace utilities. I called the mayor. He told me it will take four years. I told him, for the fun of it, I don’t think Hoover Dam took four years.So I started turning on Hunting Park Avenue. But now they’ve been digging up Hunting Park. So I have to go all the way down Broad Street to get into town. It seems crazy, all this to put a pipe in.A: Interest rates have been so low, for so long, it’s been really easy to be in the real estate business.
Anybody who’s built anything in the last 10 years in Montgomery County is filled up. My biggest fear is, with shipping as it is, I won’t be able to get all the electronics — dishwashers and ovens, the ones I want. The lumber is there, but it’s expensive.A good portion of people 55 and over who decided to downsize from their house. And a lot of young married people. I’m amazed at all the young people.
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