The BIG lie

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http://peretired.blogspot.com/2011/07/ten-biggest-lies.html
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The BIG lie

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10. “The check’s in the mail.”
9. “I'm from the government; I’m here to help you.”
8. “You get this one; I'll pay next time.”
7. “We'll release the upgrade by the end of the year.”
6. “Read my lips: no new taxes.”
5. “I love your new _____!”
4. “...then take a left. You can't miss it.”
3. “Trust me; I'll take care of everything.”
2. “It's supposed to make that noise.”

1. “Buy Pulte; they’re a GREAT company.”

- 19 losses in the last 20 quarters
- stock price down 80% since 2007
- shoddy houses
- poor customer treatment

NOT the kind of company that I want in my portfolio.
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how to kill a pig

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loser

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shameful

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http://www.youtube.com/watch?v=aFOES7xAP3Y&feature=fvsr

http://www.nytimes.com/2011/02/06/business/06gret.html?_r=3
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BAD advice

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How's this for BAD advice? .
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DON'T

green

say what?

shoddy

evil

NOT "amazing"

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http://www.therealestatebloggers.com/housing-general/pulte-homes-cuts-earnings-orders-down-29-percent/
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How NOT to treat your customers

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To those at Sun City Hilton Head, SC who ask why I speak out PUBLICLY against Pulte, I have many reasons; but, here are the top two: shoddy construction and poor customer treatment.

• No respectable builder would substitute nails for hurricane clips in a hurricane-prone area.
• No respectable builder would fail to excavate lagoons to the depths shown on approved plans.
• No respectable builder would provide a product with shoddy stucco, mixed and applied improperly.
• No respectable builder would turn their product over to a customer before they assured that they had met all requirements.
  

Why does Pulte control communications here? The answer is obvious—because Pulte's shoddy construction and poor customer treatment won’t withstand the light of day, i.e., objective scrutiny.

• Pulte requires customers to sign “gag” agreements before they’ll fix their shoddy construction.
• Pulte requires resident BOD representatives to sign unanimity agreements.
• If a chairman on a Board-appointed committee acts or communicates in a way that Pulte doesn’t like, then Pulte fires them.
• Pulte reneges on its promise to turn over the community to the community at 90% buildout
• Pulte reneges on paying assessments for houses under construction
• Pulte stifles communications within the community
• Pulte treats customers like children
  

Look at the money that has been collected in assessments at SCHH in the last 10 years:

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No resident knows where this money goes--Pulte doesn't provide SCHH residents with an independent, third party audit, even though it's OUR $. Pulte doesn't even allow its own BOD-appointed (resident) Finance Committee to review or to conduct an audit.

“All that is needed for evil to triumph is for good men to do nothing.” Edmund Burke
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twitter2

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http://pulte-homes.pissedconsumer.com/will-not-fix-my-house-even-though-i-have-a-warrenty-20110623244975.html
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poor

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http://www.boston.com/news/local/massachusetts/articles/2011/07/03/rich_deal_for_poor_farm_but_money_could_be_slow_in_coming/

“There are people that denigrate [Pulte] and people who say they’re fantastic,’’ he said. “If you’re doing $4.5 billion in business, you’re going to have problems along the way from disgruntled people.’’

Obviously, Milton's Selectman John Shields hasn't seen the Pulte "Wall of Shame".

Talk is cheap.

One picture is worth a thousand words.

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wise up

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When will people at SCHH "wise up"? not after nails for hurricane clips not after shoddy stucco not after shoddily and shallowly built lagoons not after dumping construction water into wetlands not after shoddy concrete, sinking houses, leaking roofs, etc., etc., etc. not after replacing a resident BOD with a Pulte employee not after firing chairmen of community committees not after reneging on agreements to turn the community over to the community at 90% build-out not after reneging on paying dues for developed, but unsold lots not after BOD "unanimity" agreements not after golf not after Purrysburg pool there's more (I just got tired of listing them) When will people at SCHH "wise up"? I'm not holding my breath.

"When will they ever learn? When will they EVER learn?" Pete Seeger . .