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BARRON’S NAMES TOLL A BARON OF THE HOUSING INDUSTRY AND TOP CEO
BY LARRY TEITELBAUM

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FEATURED BRIEFS
Q: What does buying an expensive house signify to people?

A: Good times and satisfaction, a confirmation to themselves of what they’ve accomplished. It’s the same as any luxury good. What does it mean to somebody who buys a piece of jewelry or a piece of silverware or a fancy car? You don’t need any of this. It’s just self-recognition.

Q: Is the eastern corridor running out of room to build?

A: No. All you to have to do is take a trip in the densest state in the nation: New Jersey. Just take I-80 and I-78 – highways that cut across northern and central New Jersey. As soon as you go twenty minutes you’ll see nothing but farms.

Q: What’s your idea of a dream home?

A: I like the old style. I grew up in the suburbs of Philadelphia and I like a Pennsylvania farmhouse.
 
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