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“All three (lots) are vacant land and in the same condition as when they were purchased, nevertheless, they are now in the same category as the crap next to the cow.”
Gerald R. Rutz
Payson property owner

Stories this photo appears in:

Tease photo

Property value drops from $700,000 to $11,000 in one year. What?!

Strange case illustrates impact of decisions on property values

Gerald Rutz retired from teaching in the Phoenix area and moved to the Rim Country to live the good life. He decided to invest in tax liens — a good business — until it wasn’t.

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