Michael Simpson arrived at Alpine Meadows at Lake Tahoe earlier this month and found little more than dirt. Except for one ski run maintained by machines, the drought-parched California mountain was devoid of snow.
Leslie and Scott Tyree backed out of a contract in 2011 to buy a weekend place in Hilton Head, South Carolina, fearing they’d be anchored to a sinking market for second homes. This year, the West Virginia couple pounced on a listing in the same resort town without visiting the property.
The U.S. Supreme Court held oral argument yesterday on a dispute arising from the long-completed reorganization of Johns Manville Corp. How the justices rule will determine whether the power of bankruptcy judges will be curtailed in blocking lawsuits against third parties not in bankruptcy.