Monday, August 25, 2008

On the real estate front, McCain 10, Obama 1.


Forget the 7 homes claimed by Thurston Howell III and Lovey Cindy.

Here is Politifact's count of the
McCains' eight homes:

"1. The largest home is a creekside ranch near Sedona, Ariz., spread over more than six acres. That's where McCain entertained vice presidential prospects, including Florida Gov. Charlie Crist, over Memorial Day weekend. Records from Yavapai County Assessor's Office show it includes three houses and is worth about $1.1-million. CNN reported that McCain said there are six houses on the property. The owner is listed as the Cindy Hensley McCain Family Trust. If McCain is correct that there are six houses on the property and you counted each one, the total homes owned would rise to 13 (though again, when pressed by Politico about properties, McCain said he wasn't sure).

"2. and 3. In nearby Phoenix, Cindy McCain owns two combined condo units worth about $1.7-million. They're part of the Residences at 2211 Camelback, which bills itself as "The Valley of the Sun's finest example of life beyond the expected" at "the most preferred urban residential address in the prestigious Camelback Corridor." Wild River Rental LLC, which records show is controlled by Cindy McCain, owns another unit in the building, which was purchased in 2007 for $830,000. (This is the unit we missed in our first go round.)

"4. In Arlington, Va., the McCains live in a three-bedroom high-rise condo worth $847,800, property records show.

"5. They also own a condo in La Jolla, Calif., that's worth more than $1-million. The building overlooks a park and the Pacific Ocean.
Records also link the McCains to three other residences.


"6. Wild River Rental LLC, the company controlled by Cindy McCain, is listed as the owner of Phoenix condo worth more than half a million dollars. The McCains bought the condo for their daughter Meghan, according to a story in GQ magazine and confirmed through a public records search. The reporter compared the inside to "a spaceship furnished by West Elm. There's a giant silver chimney that extends out of her fireplace into the ceiling about twenty feet above."

"7. and 8. Dream Catcher Family LLC, a domestic corporation formed by the McCain family, owns two condos in a beachfront complex in Coronado, Calif. Tax records show one is valued at $2.7-million. The other was purchased this year, according to sales records. A sales price was not available.''


Now two more:


9. McCains Bought Their Daughter A $700,000 Loft When She Graduated From College. According to property records from Maricopa County Arizona, the McCains purchased a $700,000 Phoenix Loft in May of 2007. Wild River LLC bought the loft on May 24, 2007. (4326 N 25th St., Unit 2, Phoenix, AZ 85016) [Maricopa County Property Records] John And Cindy McCain Paid For Meghan’s Loft With $700,000 Cash. According to the Property Transfer Record from Maricopa County, Arizona, the McCains paid cash for Meghan McCain’s $700,000 Biltmore Loft. [Maricopa County Property Transfer Records]


10. The McCains’ Rental Loft Is Now For Sale, Listed at $730,000. According to Realty Times, “4326 N 25th St #102, Phoenix, AZ 85016” is for sale. The loft is listed as a “Bright, open and spacious luxury Contemporary loft” for sale for $730,000.


And of course, who cares how many homes the McCains has? Point being is that you don't wear your wealth on your sleeves [in the case of John and Cindy] on the campaign trail when you are talking to the average working class people in these economic times for a vote.

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