Burned Speculator Sues Lender and Builder

This is just the tip of the iceberg.

A California man who bought more than $1.5 million worth of Del Webb homes -- but says he has an income of $30,000 a year -- has sued the company alleging breach of contract after it lowered home prices throughout Las Vegas.

The suit also names Countrywide Home Loans, alleging fraudulent lending practices. No? really?

See: Man Sues After Pulte Price Reductions - Las Vegas Sun
http://www.lasvegassun.com/sunbin/stories/business-/2004/nov/03/517768223.html