Toll Bros Outrage?

[LoudRoar_IHB]

It was mentioned here recently, and now its in the NY Times.



<a href="http://www.nytimes.com/2009/03/22/realestate/22cov.html?_r=2 ">http://www.nytimes.com/2009/03/22/realestate/22cov.html?_r=2 </a>

 

[djtweed_IHB]

[quote author="LoudRoar" date=1237817553]It was mentioned here recently, and now its in the NY Times.



<a href="http://www.nytimes.com/2009/03/22/realestate/22cov.html?_r=2 ">http://www.nytimes.com/2009/03/22/realestate/22cov.html?_r=2 </a></blockquote>


What was the benefit of putting so much down? Couldn't they have held the place with $10,000 down? I guess during the feeding frenzy Toll Bros could get whatever they wanted.

 

[High Gravity_IHB]

I feel sorry for these people but why on earth would anyone who is not a cash buyer sign a purchase contract without a finance contingency? If the seller requires it, that should be a signal to get up and walk out the door.