The New York Times reported today that The Kaufmann House has fallen out of escrow, according to Carol Vogels article the sellers canceled by reason of a breach of the terms. I have heard that you had to have $500K to just register and I'm sure a verification of assests and financial ability were concluded prior to entering into a contract with this buyer, so what could it be??? I dont think this is as huge of a deal as people are going to want to make it out to be, it may in fact turn out to be a blessing if this buyer was canceled for reason Beth and Brent felt could potentially harm the home. This home is ART that will comand this price tag and beyond for years to come. My opinion is that whom ever buys this house whether thats today or next year is the person who will ultimitly see the largest return.
All we need is 15 buyers and we go fractional on it - rent it, preserve it and enjoy it - who's in???