Well, if you are going to – Piggington's Econo-Almanac

October 17, 2007 at 4:55 PM #89718

Participant

Well, if you are going to lose $200K either way, I say buy the property–because at least then you do own something tangible, even though property values are decreasing. If you think the property will decrease more than $200K, then pay the IRS.