Is a rental now. Sure its for sale.

But, its 2 years plus winter taxes behind. (about $5200 before winter and winter is the big one), and the "Builder" knows it. The builder has a ton of smaller houses he took in on trade for his new houses he built in a community, which is about 60% sold and 100% built. These new house are also experiencing about a 15% default rate and the first houses sold for about $35% more than the current ones are selling for... same exact plans and designs.

Rent for next door has gone from $920/month 3 years ago, to $550/month for the current/new tenants.


What *I* really like is people getting 1099C on houses they lost and debt that was canceled by the bank. Neat example (for a near friend), they (the bank) canceled $240K of debt on a $500K loan for a house which is now valued at $220K... which he gets to pay taxes on as a capital gain. So, the bank's loss is your gain and you get to pay taxes on it!!!! (yes he was really stupid for buying the house, but I couldn't talk him out of it)

AWESOME DUDE! Really, we aren't paying more taxes.