Eli Broad on Real Estate Market

Interview and discussion with Eli Broad of Broad Foundation. He talks about the housing market, and the Fed’s agenda. (Bloomberg News)

Mr. Broad cofounded Kaufman & Broad with $25,000 borrowed from in-laws; became one of nation’s biggest home builders supplying parents of baby boomers with affordable housing. Bought Sun Life Insurance (later renamed SunAmerica) in 1971; sold to AIG in 1998 for $18 billion in cash and stock. Massive art collection recently appraised at $1.5 billion; owns large Jeff Koons collection. Bailed out struggling Los Angeles Museum of Contemporary Art in December. Has donated $600 million to Broad Institute of Harvard and MIT for biomedical research.

San Jose California real estate