Monday, February 11, 2008
Tom's Favorite Homebuilder has Familial Problems
by Ken Houghton
Metropolitan Opera Broadcast buffs, such as the proprietor of this blog, can start worrying now.
Barry Rithholtz relays a story that must send shivers down NAR spines:
The daughter of Vice Chairman and co-founder Bruce Toll informed the company last month that she and her husband "did not intend to make settlement" on a $2.47 million home they had previously agreed to purchase, the company said in a regulatory filing.
Metropolitan Opera Broadcast buffs, such as the proprietor of this blog, can start worrying now.
Labels: Housing Bubble, Moral Hazard, opera
