the staff of the Ridgewood
Upper Saddle River NJ , for over 2 years the Ridgewood blog has tracked the continuing saga of the Toll Brothers Apple Ridge development in Upper Saddle River . We have chronicled the rampant over development being rammed down the throats of taxpayers by the courts under the guise of “Fair Share Housing”, the remediation problems , the run off issues , and the infrastructure ,transportation and educational shortfalls .
And now a new hitch , in late February our friends at Toll Brothers (NYSE:TOL) reported earnings that missed Wall Street expectations and sent the stock reeling over 16% (in what was admittedly a horrible week for stocks). This is the best homebuilding market since the Great Recession, yet Toll got clobbered. What is going on? In over a month since the last earnings report for Toll Brothers (TOL). Shares have lost about 42.6% in that time frame, underperforming the S&P 500.
This is all before the Coronavirus pandemic shut down the US economy . In a recent survey from SHRM, the Society for Human Resource Management, nearly six in 10 American workers will not be able to meet their basic financial needs in one month or less under quarantine due to the coronavirus pandemic.
Fifty-eight percent of workers say they won’t be able to pay rent, buy groceries or take care of bills if quarantined for 30 days or less, according to the survey .
One in five workers said they’d be unable to meet those basic financial needs in less than one week under quarantine.
The surveys polled a sample of American workers, HR practitioners, and small business owners regarding the expected economic impact of the coronavirus on their organization,
Capital is at a premium right now. Will Toll continue to build or hold onto their capital for as long as possible?
THESE non conforming bee hive
Units will be our downfall in VOR
Parking Lot structure on Hudson
Is the Coup De Gras on mismanagement of village planning
Just the financials on the Garage
Will Collapse Us
Who the hell is going to utilize all these new projects now. They can’t pay their rent now what do you think all the sudden they are going to fill up. Unless some Ridgewood Homeowners sell their homes and downsize.
Too close to booming noisy trains including commercial rail traffic and rail car switching in the middle of the night for retiring residents .
Foolish development .