A house showed up today with a new, lower price and because I’ve seen it for sale seemingly forever I thought I’d look up its history. Interesting. Built in 1996, it was put up for sale in 1998 for $1.2. It didn’t sell and the builder either moved in or rented it out for awhile and then brought it back in 2003 at $2.475. That didn’t fly so he gradually dropped the price to $1.950 but it expired unsold in 2004. After another hiatus he tried again last year and it’s been for sale ever since, starting at $2.5 and now down to just about $2 million. According to the town, it was worth $2.1 million in 2005, so today’s value would be, if you play the game I’ve been playing with these numbers, 70 % of that, or $1.470,000. That seems about right to me – I hope the owner perseveres this time and finally sells the place because I’m curious to see how the 70% rule works out on this one.