After reading this article in the Wall Street Journal this morning, I have to ask myself, is anything really FREE?
The IRS already considers the forgiveness of debt in a short sale as taxable income. So why should it be any different for those living for free in their properties?
There is a huge unknown for these people. The side effects of living free and even making money on renters may not be felt right now, but the jury is still out on the surprises that may be in store down the road.