Mea Culpa

In an earlier blog entry Three is the new two, I commented on the fact that two people can't live in three houses in the same county.

An astute reader has pointed out that while that is indeed true, two people can run around and pretend to live in three houses provided they are close by. In fact, why stop at three?

So why would one want to do that?

Well, it turns out that the capital gains tax laws are different for houses that are "lived in" v/s houses that are "investments". (Yes, yes, this is stupid, but that's not the point here.)

Of course, some of us (including the attorney general) would refer to it as fraud.