Friday, January 4, 2008

another article regarding Levitt & Sons




In December, I posted a blog regarding housing starts approaching all time lows. You can read that post here.

The post mentioned a bankrupt builder, Levitt & Sons, going out of business after almost 80 years in business. The New York Times has just published an article on that very builder here. A sad story really. Just goes to show you what worked in 1950 may not work in the 2000's. We're all speculators, folks.

Some win, some lose.

1 comment:

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