… [John Paulson] is wading into a local housing controversy and arguing that a large-scale home proposed for a small-scale historic neighborhood on Hill Street in Southampton poses a “threat to our character” and the “peace and tranquility that makes our village what it is.” Mr. Paulson is one of some 85 area homeowners who penned letters to a local village review board. They object variously to the size, scale, scope and “visual incompatibility” of a speculative home planned on a vacant lot in an area where nearly a dozen nearby residences are more than a century old and roughly half or a third the size. The letter writers—socialites, financiers, artists, developers and the scions of a president and a governor—are opposing current plans for the 5,531-square-foot, single-family home on a 1.2-acre parcel being developed by Joe Farrell, a Hamptons builder whom critics have dubbed the “King of McMansions.” [WSJ via BI, related]

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Comments (8)

  1. Posted by Hobbes | April 10, 2014 at 7:19 PM

    It's interesting that the people concerned with the character of a neighbourhood have none of it themselves.

  2. Posted by machu picchu | April 11, 2014 at 10:15 AM

    Pennypacker!

  3. Posted by Guest | April 11, 2014 at 11:24 AM

    He's just upset that there aren't any gold fixtures in the bathrooms.

  4. Posted by Inquiring NJ Mind | April 11, 2014 at 1:27 PM

    Are the McMansions part of the Breakfast or Lunch menu?

  5. Posted by Inquiring NJ Mind | April 11, 2014 at 1:36 PM

    Are the McMansions a part of the Breakfast or Lunch menu?

  6. Posted by Trex | April 11, 2014 at 4:27 PM

    Wasn't funny the first time douchebag

  7. Posted by LP investor | April 12, 2014 at 2:00 AM

    Just more proof that professional investors tend to be major assholes

  8. Posted by WrteStufLA | April 12, 2014 at 9:58 AM

    I think Paulson resides in a NYC townhouse, not an apartment.