Not too long ago in light of the Rafalca story, the Romney Olympic dancinghorse, I described the hoops that an individual has to jump through in order to post a negative number on a Form 1040.
If you happen to own your primary residence, a fat portfolio of stocks and bonds, a year's supply of cash and maybe a yacht and a dancinghorse, then why not collect a few bargain bungalows too?
Then they dissolve into nothing, only to form as if by stealth on a different horizon, dancing across the sky in the shape of a sea horse or crescent moon.