Wednesday, September 13, 2006
Poor Bob Toll.
According to him, if it weren't for all the greed and speculation of buyers and sellers in the U.S. housing market, happy days would be here again!
Come on Bob, what about the famous line of the character Gordon Gekko in the 1987 classic film "Wallstreet"?
After all, "Greed is good."
Well, maybe it's just me, but it I find it curious that Bob Toll and the real estate industrial complex, including realtors, homebuilders and mortgage brokers would consider themselves so overqualified an authority to preach to the market and the American public about the vice of greed.
What's that classic Old English adage: "The pot calling the kettle black"?
(Bob Toll is the CEO of Toll Brothers, Inc., which designs, builds, markets and arranges financing for single-family detached and attached homes in luxury residential communities.)
Posted by Markus Arelius at 9/13/2006 10:19:00 AM