After saying last week that he defined “the rich” to be those who make more than $5 million, John McCain was unable to answer a question Wednesday about how many houses he owns. “I’ll have my staff get to you,” he said. His staff later said that McCain owns four houses, but the correct number reportedly is seven, including houses and condominiums owned by McCain’s wife.
Barack Obama seized the comments today to portray McCain as out of touch with ordinary Americans. “There’s just a fundamental gap of understanding between John McCain’s world and what people are going through every single day here in America,” Obama said.
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119 Comments
Does that fundamental gap include “typical white people”?
Well, I’m not sure how many pairs of sox I own. I suppose for the ‘non-elites’ they just can’t be bothered to keep track of unimportant ‘pocket change’ like houses.
I mean , doesn’t everyone have a spare house? I just assumed!
Is it elitist not to know how many houses you own?
Uhhhh… Yeah.
So what’s a coulple of houses between multi-millionaires?
Is it elitist to cheat on your wife in Hawaii with a 25 year old beer heiress who provides a much better stepping stone to an Arizona-based political career?
Is it elitist to get into the Naval Academy riding your father and grandfather’s coaatails?
If you have ONLY one house and it gets dirty, what do you do??! Can you remain there while staff cleans it? I thought not!
At least he was honest. The money is handled by the real bazillionaire Cindy (he had to sign a pre-nup).
You liberals only care about what makes someone an “elitist” when it is a Republican.
When it is Hilary, Edwards, or anyone else we never here a word about it.
What about your green savior Gore? Is he an elitist as well?
Nathaniel,
i hope you read my apology and it was a heartfelt one.
I really can’t see how knowing how many houses you own or don’t own is a qualification for being president
Do those seven houses have the days of the week on them?
Sunday house…
Monday house…
Tuesday…
It’s obscenity at its finest.
Freebird,
How about a DISqualification for being president?
And just think! The White House would make 8!
Is it elitist when your campaign’s economic advisor (Phil Gramm) calls Americans “whiners” for expressing concern about the current recession?
Nathan,
You really are as stupid as you seem to be. If Repukes want to run a stupid Presidential campaign predicated on branding people as “elitist” to disqualify them, they shouldn’t be surprised when their multi-millionaire candidate provides an irresistable target.
Freebird,
See my post to Nathan. If Repukes want to play turn the election by calling people “elitist,” they don’t get to pretend that calling someone “elitist” is stupid and cynical. He who campaigns by the stupid dies by the stupid.
Is it elitism?
Or is it one GLARING indication of senility?
Blue Jay,
False dilemma: it’s both.
John McCain: the candidate for senile elitists.
hum,
Helps to read the article to make the “elitist” comment go away.
“Mr. McCain’s Senate financial disclosures do not list these properties among his assets, because, according to public records, the homes and condominiums are in the name of a corporation trust listing his wife Cindy.”
So, they are not reportable assets in Senator McCain’s financial report.
“Reading is fundamental.”
“After saying last week that he defined “the rich” to be those who make more than $5 million,…”
I don’t think that is exactly what he said. Looks to me like that comment is being distorted.
McCain probably doesn’t own a house.
If he does, I wonder if he had to kiss Tony Rezco’s criminal butt to get a sweetheart deal to buy one of his houses? Or maybe he got a ‘VIP rate’ from some fly-by-night mortgage company.
Oh, wait, those aren’t problems, it’s OK to by a democrat!
Well how many houses a candidate owns is not going to influence my vote. There are a hell of a lotmore important issues at hand facing this country.
I find it funny that the Republics will brand someone an ‘elitist’ because he went to Harvard but won’t similarly brand someone who dumps his wife and marries an heiress and is, as a result, richer than any of us.
It was a trick question! A setup. They should have asked ‘How many houses do you and Cindy own’. Something tells me he would have still been stumped.
During the debates, Obama ought to throw him a curve and ask him how many vehicles does he and cindy own, and how many chaueffers do they employ.
Mccain, just another ‘regular guy’ like gw.
Well Phantom as has been pointed out earlier, the wealth is held in a trust under Cindy. He signed a prenup.
The houses, cars and chauffer are probably paid for from this trust. That is how it would usually be handled.
Why didn’t we care about this when Kerry was running?
Its the hypocrisy at every turn. They crucify Obama for being elitist, because he said he eats arugula. Hell being healthy is elitist? But McSame says that he doesnt’ know how many houses he owns. And says rich is some ungodly amount of money. Its insane.
And after beating the Christian thing to death, about how he’s such a big christian, we find out the story was out of a book, and that he isn’t even baptised. Well no WONDER he switched positions.
And then the right has gone ape sheet over affairs- when McSame actually abandoned his first family for the political aspirations he could get from this trophy wife. Whom he calls a trollup and a cunt in public, and who lied about being an only child when her father’s OTHER family was left high and dry.
They are power hungry money grubbers. that is all they are. The plastic queen of drug rehab and Mr McCuntMcSame is one of the most mean tempered people you would ever know. A class A jackazz. Plus he claims disability and saps money from the government for that despite being ultra rich.
Its the neocons- they’re all bout this hypocrisy.
Doesn’t cindy let him stay with her at the houses?
Kerry would’ve known how many houses he owns. Sure have heard alot about Gore’s house from the right, trying to paint him as an elitist.
Mccain probably doesn’t even know he’s on the govt. dole. Staff probably take care of that for him.
“There’s just a fundamental gap of understanding between John McCain’s world and what people are going through every single day here in America,” Obama said.”
————–
Chuckle… So said the guy who made 4.2 million last year and just back from a Hawaiian vacation on a private beach.
Phantom she probably does but will that be a question that comes out in the next debate.
Pmom you make some very good points about McCain that I have made myself in the past. I don’t admire the way he treated his first wife. I really don’t know why Cindy’s father after funding his grandkids education and giving them a credit card would then disinherit them. Maybe there is more to this then we know.
As for you frequent accusals about the names he called his wife, you have yet to show any evidence that this actually happened. It has been repeated so many times by the left that many believe it. That could be why you are so sure it happened.
As for his disability – he deserves the pension he receives. Should he give it back. Not my call. Cindy had a problem with prescription pain killers as have many in public life. She admitted to this and got treatment. We have forgiven Obama for his use of illegal drugs when growing up. Surely we can forgive Cindy McCain.
I dont’ fault Obama for eating arugula. I do fault him for shading the truth in his discourse. When faced with something he had said in the past he first always denys it and then when forced too, admits saying it but always has a reason it wasn’t his fault. He had the left one day this week calling Jill Stanek a liar and defending him from his own words. He made you all out to be dupes when admitting he was guilty of voting against infant rights.
Watching HLP hide behind weasel words and technicalities speaks volumes about the effectiveness of Obama’s attack. I expect you Repukes to begin hysterically shrieking “class war!” any second now.
But going the other way and considering HLP’s flaccid response, it doesn’t exactly help McCain’s image as “big strong white man who will protect you” that he lives under the auspices of his FABULOUSLY WEALTHY wife. Trying to defend McCain on THOSE terms transforms him into something like Paris Hilton’s chihuahua. Big John is Cindy’s kept man–a “dandy,” even.
But hey, if you Repukes want to shrink your unstable political hack of a candidate to such tiny proportions, be my guest.
HE EATS ARUGULA?!
hehehehehe
Phantom
Posted August 21, 2008 at 1:54 pm | Permalink
Kerry would’ve known how many houses he owns. Sure have heard alot about Gore’s house from the right, trying to paint him as an elitist.
————–
Phantom what you are missing in the Gore comparison is that Gore has made a large fortune by telling the rest of us how to live. We need to lessen our carbon footprint while he lives in a large energy hog house, drive an SUV and flies in a private jet almost everytime he travels.
Absolutely no comparison to McCains situation. And Phantom how do you know that Kerry would have known how many houses he and Teresa own. That is just a leftest assumption on your part. These are the things that tomorrow will be posted as fact kind of like Pmom frequent reference to something she heard once that McCain said but has so for not been able to produce any evidence to prove it.
outlander,
Barack Obama EARNED his money, thanks. Unlike John McCain, he wasn’t born into a privileged background and didn’t marry his way into money. He earned the life he has–unlike John McCain, who was born on third base but thinks he hit a triple.
What do you have against middle-class folks moving up, outlander?
okobserver,
Cindy McCain stole from a charity she oversaw, and John McCain used his position as a U.S. Senator to shield her from prosecution, going so far as to issue threats to the whistleblower who brought Cindy McCain to the attention of the law.
http://www.salon.com/news/feature/1999/10/18/drugs/
If exploiting one’s ability to go outside the law that applies to the “rest of us” isn’t elitist, I don’t know much that is.
CF he certainly isn’t a kept man after all he does get his millitary pension and his senate pay.
This gives him pocket change so he isn’t a ‘kept’ man.
Does the left ever give up and stop with the class warfare drivel?
CF2K
Posted August 21, 2008 at 2:12 pm | Permalink
outlander,
Barack Obama EARNED his money, thanks. Unlike John McCain, he wasn’t born into a privileged background and didn’t marry his way into money. He earned the life he has–unlike John McCain, who was born on third base but thinks he hit a triple.
What do you have against middle-class folks moving up, outlander?
okobserver,
Cindy McCain stole from a charity she oversaw, and John McCain used his position as a U.S. Senator to shield her from prosecution, going so far as to issue threats to the whistleblower who brought Cindy McCain to the attention of the law.
http://www.salon.com/news/feature/1999/10/18/drugs/
If exploiting one’s ability to go outside the law that applies to the “rest of us” isn’t elitist, I don’t know much that is.
—————–
Phantom on the one hand you tell us how rich they are and then you say she had to steal from a charity to support her drug habit.
I love how only the repubs shield family from the law. Like that never happened in the Kennedy family. The Patriarch of the democrat party. Ted, Patrick, the nephew that got out of the rape charge, I could go on but you get the picture.
Barrack wasn’t poor. He lived in Hawaii with a grandmother who was the VP of a bank.
Two rich guys vying for the presidency.
How often has that happen recently?
This “take” is real entertaining!
———
At home with John and Cindy
In the kind of stupefyingly disastrous gaffe that the Obama campaign normally only fantasises about at the end of a working day, when they’re down at the bar, knocking back pints of hope, John McCain has admitted that he doesn’t know how many homes he owns. “I think — I’ll have my staff get to you,” he told Politico. “It’s condominiums where — I’ll have them get to you.” Even though John McCain is so small that he could live without problems in a Ferragamo shoebox, he appears to own so many properties that he’s lost count.
http://blogs.guardian.co.uk/usa/2008/08/at_home_with_john_and_cindy.html
Looks like a clear case of the Mccain pot calling the Obama kettle black!
McCain spokesman says this issue is fair game now and they are going to take advantage of that!
Maybe some of us could discuss the economy, the war (maybe several!), how many Supreme Court Justices may be appointed next term…
——–
McCain Spokesman’s Retort: Obama Lives in “a Frickin’ Mansion”
“We’re delighted to have a real estate debate with Barack Obama,” said spokesman Brian Rogers, adding that the press should focus on Obama’s house. “It’s a frickin’ mansion. He doesn’t tell people that. You have a mansion you bought in a shady deal with a convicted felon.”
http://voices.washingtonpost.com/the-trail/2008/08/21/mccain_spokesmans_retort_obama.html
Barack Obama EARNED his money, thanks. Unlike John McCain, he wasn’t born into a privileged background and didn’t marry his way into money.
Roger that.
On the Democratic side, State Senator Barack Obama won a landslide victory that crushed six opponents. Obama captured 53% of the vote, State Comptroller Dan Hynes in second place with 24%, and the rest trailed behind. Obama — the son of a Kenyan immigrant who grew up on Chicago’s South Side — is a Harvard-educated attorney. He was also the poorest of the Dem primary field — where nearly all his opponents were millionaires — joking that he could qualify to use the 1040-EZ form.
I don’t think McCain’s comments were necessarily “elitist” but. . .do we really want someone who can’t be bothered to keep track of the number of houses he owns to handle a complex multi-agency government and a $2 trillion budget?
This is surreal. . .if it came from some Dem activist site, I’d question its veracity. You can’t make this stuff up!
Oops.
Link: http://www.politics1.com/blog-0304a.htm
Snopes on Mrs. McCain:
http://www.snopes.com/politics/mccain/cindy.asp
Wonder how many pairs of shoes Cindy owns? Probably put Imelda to shame.
This isn’t a blog. This is a blurp.
This isn’t a blog. This is a blurp.
That’s a perfectly cromulent obversation.
CF2K writes, “I expect you Repukes to begin hysterically shrieking ‘class war!’ any second now.”
To which OKgranny pipes up right on cue: “Does the left ever give up and stop with the class warfare drivel?”
Way to call it, CF. The right has their story–fed to them by rich elites–and damned if they aren’t sticking to it.
Huh?
When your side uses the same play book over and over again it is not much of a stretch to then “predict” that someone will point that out.
The CON Dictionary:
“class warfare” (noun), when the powerless, underrepresented middle class want a government policy that doesn’t simply help the already rich get massively richer
“economic stimulus” (noun), when the already rich put in place a huge government spending program which makes them massively richer
“trickle down economics” (noun), the concept that feeding sparrows can best be accomplished by passing the grain through a draft horse
This must be a little dated, it only shows 5 mccain residences.
http://www.youtube.com/watch?v=ek3jAkx9m10
Phantom, this link shows pictures of eight.
http://blogs.guardian.co.uk/usa/2008/08/at_home_with_john_and_cindy.html
Talk about fly specs in pepper. An election is pending for President of the United States, and you people here are carrying on like real estate owned is a matter of national importance?
How low can you stoop to try to find things to criticize? Two very rich guys are running for president…they are both way beyond the means of people that get up every day to go to work. That is the nature of our political system…ever see a poor person run for President in the last 50 years or so?
How in the world does the number of houses held in his wife’s trust matter on qualifications to hold the most powerful office in the world? This is one of the more ridiculous topics to hit…yet sadly shows the ‘quality’ of discussion today’s politics offers.
John Kerry also married a very, very rich woman. How many of you sniping at McLain chastised Kerry for that?
pathetic.
McCain…can’t spell today for some reason…
Just saw mccain’s gaffes on cnn, first the no. of houses response, then about the 5 mil. to be considered rich.
Mccain’s handlers need to put mccain on vacation for a while, until the convention so he doesn’t screw up more.
What was Raptor saying when the hot topic was ‘the one’. It’s sad but this trivia is what wins or loses elections.
And, maybe it isn’t so trivial if a person can’t even keep up with their own assets, jointly held or not.
I just heard obama on cnn saying it was 4 with additional 3 investment properties.
Elitist? I don’t know. I just sit out here in flyover country and bitterly cling to my guns and to my God.
McCain could have guessed how many and been withing 1 or 2. He didn’t want to admit to so many.
He cheated at Saddlebrook on the “values” forum.
Likes to tell a joke about a gorilla raping a woman.
Has called his wife a trollop and c*nt in public.
I don’t think he’s a man of character.
How in the world does the number of houses held in his wife’s trust matter on qualifications to hold the most powerful office in the world?
Rap, if you’ve followed my posts at all, you know that I’ve been continually decrying the focus on silly gaffes, second-guessing and symbolism–on both sides, even when “both sides” meant Hillary vs. Obama.
But when someone can’t name, off the top of his head, how many homes he owns (!) (particularly at a time when record numbers of people are losing the only one they got. . .well, that’s relevant.
I wouldn’t care if he was running for Register of Deeds. I’d want someone registering those deeds who paid just a little more attention to managing their own affairs. Add this to his wilful ignorance of basic computer technology, and one gets a picture. What doesn’t his staff for him? Does this man even work, or does he just give speeches, and show up for hearings and votes?
It suggests to me that the man is at best apathetically disengaged from the daily tedium of managing his own life and–at worst, painfully stupid, incurious, or losing his mind.
P.S. I hope Dantana’s right. Dodging the question is less than admirable, but I would be much relieved.
Interesting thought, Rage, thanks for writing that. On another side, could it be construed that if he did know exactly, then people would accuse him of micromanaging real estate investments when he has much more important things to worry about? I dunno…but I do agree with you, concentrating on the trivia garbage on both sides is very silly.
Face it guy this is one gaff that there is not defense for, even if all the houses are in Cindy name. That is no excuse for not knowing and saying he would have to ask the staff! The question is on the same level as how many hands do you have? Would you really need to ask someone else in order to answer the question?
I guess he could claim to be tired or it was late or the question was confusing.
That’s it for this single issue voter. I will only vote for a candidate who knows how many homes he and his wife owns. That’s it. I will not accept McCain for not knowing the number when asked point blank.
I realize now that McCain is bad for America.
Thanks to Phillip for initiating this pivotal thread so that I can vote in a manner that is consistent with my true singular conviction for what is best for my country.
Or could it be in answering the question ‘damned if you do, damned if you don’t'?
As far as knowing the details of his holdings, I think that would have been indictive of a sharp mind.
RFL, glad you have seen the light.
I see an out for mccain, sell most of his condos and buy a brush ranch in texas, or a scrub ranch in Arizona would work too.
“Chuckle… So said the guy who made 4.2 million last year and just back from a Hawaiian vacation on a private beach.”
Hell Outlander- that’s not even RICH according to McSame!
So funny–and predictable–to watch the Repukes decry the politics of stupidity when their favorite weapon is turned against them.
Obama’s campaign has been moribund of late. There should be no lack of gaffes to come from the old man for them to capitalize on.
Fortunately unlike Kerry, Obama is a quick study. The recent decline in the polls caused by mcsame using tried and true Rovian techniques has opened his eyes. He’s realised he can’t win on avan-garde politics, and will have to connect to the masses in terms they can process and respond to.
Looks like it’s game on.
McCain’s an asshole.
No, Obama’s an asshole.
No, McCain’s an asshole.
Asshole, asshole, asshole: let the games begin indeed.
I actually applaud McCain for not knowing how many houses Cindy has. It indicates he’s not that hung up on possessions and wealth. Asking the staff was a damned good answer.
McCain makes sure that his relatives have decent homes to live in.
Obama lets his own brother live in a shack.
McCain does not own any of these homes, directly, but in form of a family trust, I believe.
It was just a catch 22 question, he probably knew damned well how many.
Beber and Franklin are neck in neck with regard to stupid McCain apologetics. Try harder to defend the indefensible, guys!
How many of the residences are occupied by cindy’s half sisters?
Just helping the Pukes out with the spin, CF2K. They need it.
I could care less how many houses McCain has or how much money his household makes.
I do think he is out of touch with the majority of Americans.
Having money does not preclude him from being in touch with, and caring about, the issues facing ‘normal’ people.
McCain is out of touch with the majority of Americans because he has been in Washingtoon so long being a politician. He was elected to the Senate in 1986 – a lot has happened in the real-world since then.
(if you cannot tell, I am all in favor of term limits)
“Hell Outlander- that’s not even RICH according to McSame!”
Not too many of the blogger actually said what their definition of “rich” was. I said one million per year in income.
What say ya’ll?
‘Rich’ is really hard to define. I am probably better off financially than a person who makes a million a year but has a million a year in bills to pay, even though I make much, much less than them.
Is a person that has lots of long-term assets like houses, cars, land, etc but little cash on hand richer than a person that has few of those things but has enough cash on hand to quit their job anytime they want and not worry about paying the bills for a couple years?
Really, it is pretty subjective.
“Really, it is pretty subjective.”
I understand, but, “taxing the rich” is thrown around like it means something.
And I’ve had enough of “as long as my family is healthy” blah blah
Who is taxed when it’s the “rich”
The question is not that hard.
Threat real or feigned, to change the topic on the news station?
http://news.yahoo.com/s/nm/20080821/pl_nm/usa_politics_mccain_threat_dc_2
The rich. You’re right, easy question.
Earn a million, spend a million compared to an average person, no comparison in life style.
“Earn a million, spend a million”
That’s what we all do, isn’t it?
Earn $50,000, spend $50,000.
It’s spent, it’s taxed. That’s how it works.
Arugula?
Isn’t that in the Caribbean?
It’s ignorant not to know how many states there are in the union.
What’s the problem?
I live in a house I used to own….still live here but don’t own it now, the family trust does.
I am sure John McCain’s homes, or at least some are in one trust or another. Legally if a home is in a trust the individual doesn’t own it, the trust does. So the question more revolves around a number of things simple minds don’t consider.
Uh NO Paul- Cindy McSame said she was an only child, when in actuality, her father was just as much of a scumball that McSame is. He had a family, ditched them, left them with nothing- INCLUDING his other children…Cindy’s Half siblings. McSame DITCHED his family for the status woman Cindy to get his power. So please, get over yourself about a brother Obama didn’t even know about until he was 21- and suddenly he’s supposed to take care of all his father’s children he didn’t know about?
“squid” dusts off –
“It’s ignorant not to know how many states there are in the union.”
*yawn*
There were some 56 Democratic primaries and/or caucuses. 50 states and U.S. territories such as Puerto Rico, Guam, American Samoa, etc.
Do you, “squid,” remember how many homes you own?
rich 150,000 / year
There were some 56 Democratic primaries and/or caucuses. 50 states and U.S. territories such as Puerto Rico, Guam, American Samoa, etc.
Do you, “squid,” remember how many homes you own?
That’s right, 50 states no matter how many caucuses or primaries there are. And I do know how many homes I own…one.
I have a couple of duplexes for sale, anyone interested?
Live in one side and rent out the other…that way you don’t have a house payment, but get the tax break.
“The secret of happiness is to be a rich man, but live like a poor one.” Picasso
PeeMom, errrrr….Mary,
Exactly what tax break would that be?
Just got back from a book signing and org . . .er . . . coffee with some fine people, so not up to par on this thread.
Butt, after reading the gist of it, I came to the quick conclusion the cons think the libs are making a big deal out of nothing, and the libs are pretty much writing McLame off as both weak brained, and weak sexed.
I have digested all this info, and am now off for my nightly dump.
JMWalker,
Thought that was you, along with Ksfarmgrrl, Lindainks55, Cap’n, Bluejay, Jwink, Annie Moose, and mrcontroversy. Good times. And sorry to anyone I left out.
Oh, and I see that McStain has thrown the kitchen sink at Obama with an diahrrehal explosion of negative ads. Could make it hard to keep up that media-friendly nice guy front.
Annie Moose was there? I would like to have met her.
Sorry you couldn’t come to the short meetup we had after. It was a blast!
That goes out to CF and Annie moose.
This is a good con pic of McCain.
Note the wife two steps behind?
Obama is attacking this wrong. He SHOULD be asking why John McCain cannot remember how many houses he owns. This invites speculation on just what else John McCain does not know and has relegated to staff.
The buck stops…where?
If you earned last year as much money as John McCain spent on household servants alone — $273,000 — you’d be richer than 95% of American families.
A brief compilation of late-night comics (so far) –
1. The Bible says adultery is a sin, and the Bible says that the wages of sin is death. But McCain’s adultery seems to have been somewhat higher-paying.
2. At last, a solution to the homeless problem: move them all into John McCain’s houses.
3. No place like homes.
4. Homes are where the heart is.
5. A man’s homes are his castles.
6. John McCain: lifestyles of the rich, famous, and forgetful. He wouldn’t even know which of his lawns to order the kids off of.
7. McCain has more houses than most people have handkerchiefs.
8. Charity begins at home. But John McCain’s problem is: which home?
9. But… but… only one of his houses made it into “Architectural Digest!”
McCain is out of touch with the average American. He thinks rhe economy is strong. He wants to tax the middle class while he does not want to tax the wealthy. On many occasions during the election, he has pretended to be the President by speaking out over President Bush on the recent Russian invasion of Georgia. He has also proven that he is out of touch in the world, demonstrated by his ignorance of the countries of Slovak and Czech referring to them as Csechoslovakia. He also talks about the “Industrial Complex” which does not exist today. That was the Krupp company in old Germany. He is not even knowledgeable about how many homes that he and his wife own. I’m sure McCain will provide us with more evidence that he is out of touch in the next 10 weeks.
What’s the problem?
I live in a house I used to own….still live here but don’t own it now, the family trust does.
So Box Lock sells his home to the family trust, and rents it back. He can adjust the payment rate and the terms for maximum tax advantage. The family trust now owns a rental, which it can depreciate for x years. Thus the income of the rent to the trust is wiped out at least in part by the depreciation. If Boxlock uses his house for business, he can also claim a deduction. Also, if the trust has passive income they can claim 100 percent of “losses” against that income and not pay taxes on that money either.
Once a rental property in the real world is “depreciated out” it usually goes on sale. That’s why Mary Caruso is likely selling her duplexes. Once depreciated, most rental units become profitable, and are taxed at regular income rates. There’s a fish hook in all of this. Once a unit is “depreciated out” all money derived from the sale is taxed, I believe as a capitol gain. I’m not sophisticated enough to understand how to avoid taxes on these sales, but I bet Box Lock is.
Quite possibly, by dying. When someone dies, his assets are rolled back to current values, no matter what the capitol gain, and are depreciated all over again.
And it’s all legal beber, or at least I would concede what you say is true for the sake of discussion, though I think you have made several factual errors in your statement.
I simply have paid off my home and placed it in the trust.
I think it interesting though that your comments seem to ring with a tone of resentment or jealousy over the imaginary situation you describe. Why is that if those maneuvers were legal? That seems typical of a liberal who observes someone getting ahead where they themselves haven’t because they aren’t smart enough.
beber – then you do a 1031 exchange and roll the gains into larger property. That further defers recognition of those gains.
Before John and Cindy McCain bought the two luxury condos in downtown Phoenix and combined them into one mega-condo for $4.6 million they lived in this Phoenix mansion. They sold it in 2006. But now it’s on the market again for a cool $12 million. And there’s a real estate listing at Yahoo Real Estate, with pictures and virtual tour.
The blurb …
” Former home of Sen John & Cindy McCain. Situated on over 2.5 acres. Totally remodeled in Old World style complete w/7 bedrooms in main house & 6 bedrooms in guest houses. Hardwood & travertine floors throughout. Master suite has huge walk-in w/private cantera stone patio w/spa and fplc. Gourmet kitchen has travertine floors, granite counters, comercial SS apliances w/large catering room/butlers pantry off kitchen. 2 guest houses. His/her dressing cabana. Finest entertaining backyard in the Valley – 3 ramadas (2 w/full bar set-up), BBQ, play house, cantera stone decking, pavillion, spa and large lap/play pool. 7 car detached garage…”
I suspect John S (for senile) McCain the Third (for Shrub’s 3rd term) simply had another Senior Moment.
I thought that Phil Gramm was dumped for his ‘whiners’ statement, but I think the real reason is that beyond that, he was a lobbyist for the poor mortgage companies. Once the lobbying connections are at risk, they have to go.
I’d say 273,000 for servants is rich.
I think this question is going to haunt McCain until the last US soldier is out of Iraq 100 years from now.
So McCane has no idea how many homes he owns? Would that we all had that problem. I’m more in sympathy with all those people who think they own a home, when actually it’s the mortgage company that owns it.
McSame (Out of breath from chasing the C14 to Atlanta, Georgia, from Paris Texas: Young lady, why are you in my house?
Typical suburban survivor: What the sh*t? O, honey, my ole man is going to love you. Hey, Brutus! I got this old white wrinkled guy out here wanting to know what I’m doing in HISSSSS house!
Brutus: How old,, bi**h? You know how that old sh*t gives me gas!
McSame: Ohhhh: this is Paris Texas: Not Paris France! Never mind . . . .
Brutus: Hey Geezer: Kin you outrun my Watt?
“Exactly what tax break would that be?’
Nut, what I mean’t to say is that one can write off the interest on the mortqage loan. It makes much more sense than renting…plus you can get back your investment or more if you ever decide to sell.
My cat is running across the keyboards…I mean “mortgage”.
Pee…errrrrrrrr, Mary.
The interest deduction is no different vs. owning a single family home.
“it makes more sense than renting”
Of course owning makes more sense than renting. But living in one side and renting the other? *ack*
And you’re suggesting “investment” that there are real estate speculators on this board? *laugh*
Is it hypocritical to ask US Taxpayers to pay more for Socialism, when your half-brother lives on $1/month?
Obama’s Brother in Kenya, how much $$$$ has Bahrack sent to his own brother, to help those who are least among us?
http://www.news.com.au/heraldsun/story/0,21985,24226262-5012748,00.html
US presidential contender Barack Obama’s long-lost half-brother says he is ashamed of his family ties because he lives in poverty in a violent African shantytown.
The Italian edition of Vanity Fair says it tracked down George Hussein Onyango Obama living in a rundown shack in Huruma on the outskirts of Kenya’s capital, Nairobi.
By contrast, his older half-brother, Senator Obama, lives in a mansion he bought for $1.9 million in Chicago.
Obama say, “No Max, only the Government is repsonsible for the lowest among us. You can’t expect me to use MY OWN MONEY to take care of my own brother!”
Obama says, “You see Max, I only care about giving to others when I don’t have to use MY OWN MONEY!”
(Obama doesn’t really care himself)
OBAMA ‘08
One House – One Spouse.
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MaxGrobnik
Posted August 22, 2008 at 8:24 pm | Permalink
Obama say, “No Max, only the Government is repsonsible for the lowest among us. You can’t expect me to use MY OWN MONEY to take care of my own brother!”
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MaxGrobnik
Posted August 22, 2008 at 8:25 pm | Permalink
Obama says, “You see Max, I only care about giving to others when I don’t have to use MY OWN MONEY!”
(Obama doesn’t really care himself)
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There you go, max, thinkin’ yer sumbody. Visions of grandeur, and all that. HAHAHAHAHAHAHAAH