Builder’s blues: Stiffed by the boss’s daughter

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Several of you pointed this out: The daughter of the co-founder of Toll Bros. is walking away from a $2.5 million condo she had agreed to buy from her father’s company. Man, when it rains, it pours.

From the Wall Street Journal: ‘Toll Brothers, like the vast majority of home builders, has been struggling with potential buyers walking away from contracts as house prices plummet

‘But one recent cancellation hits close to home for the high-end builder.

‘The daughter of the company’s vice chairman and co-founder, Bruce E. Toll, and her husband are walking away from a $2.5 million condominium that the couple bought in an undisclosed location from the builder, the company said in a filing with the Securities and Exchange Commission.’

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Photo Credit: AP