Luxury Home Digest, one of our most fav blogs, is reporting [tag-tec]Toll Brothers[/tag-tec] is in the red.
Interesting, but not surprising.
The giant luxury builder has hit a snag in this market with its first quarterly loss in 21 years.
They got caught when the music stopped.
How many smaller investors also ended up in the same trap?
Still an $81.8 million loss is nothing to sneeze at.
But that brings up anther point as reported by blogger Roberta Murphy. Sotheby’s is opening an office in San Diego. That’s worth noting.
They’re not going there to work on their tans.
2008 looks to be an exciting, rip-roaring year for real estate investors on all levels.