John McCain's 4.72 million dollar home...president hopefuls cribs

[greenbriar]

http://finance.yahoo.com/real-estate/article/104381/Presidential-Cribs;_ylt=AhHqzbE99CciNzGdyhxsHka7YWsA


Home values give small glimpse of how candidates live

Each candidate running for president hopes to be moving his or her belongings into 1600 Pennsylvania Avenue next year. For now, however, a look at their current digs gives voters a small glimpse of how these people lead their lives -- before one of them leads the country.

Currently, Hillary Clinton's home is a five-bedroom, four-bathroom, $1.7 million house in Chappaqua, N.Y., while Barack Obama owns a $1.65 million Georgian revival home in Chicago's Kenwood neighborhood, located on the city's South Side.



John McCain's home is a $4.72 million luxury condo near Biltmore Fashion Park in Phoenix and Mitt Romney owns a $1.77 million home in Belmont, Mass. Meanwhile, Mike Huckabee is making do with a $540,000 home in North Little Rock, Ark.

[DebJ]

1. Barack and Hillary only have one home? Nah, can't be right.

Surely they own something in DC area as well...only makes sense.

[napi21]

2. The Clinton home in NY is not at all what I expected.

I've seen a few pics of the McCain mansion in Az. It's beautiful! Haven't seen any pics of Obama's home or Mittens.

[frazzled]

3. Are these current values or purchase prices?

I doubt Mitt's home is currently valued at $1.77 million, but I could be wrong.

In the end, however, I will be amused to see how many DUers will tsk tsk at McCain's home price after defending to the death John Edwards's lavish home.

[frazzled]

7. Google is my friend: it appears these were prices at time of purchase

Which makes the numbers a bit whack.

The Clintons purchased their home in 1999 for $1.7 million. Probably worth at least $2.5-$3 million now, even with housing depression.

Mitt's had his house for quite some time (I lived not far from there during the time there was a big stink about him taking homestead credit on his Utah house while running for Governor of Mass. Could he thus claim residency?--his claim was he had always "lived" in Mass.

I'm not sure when Obama bought his, but it probably wasn't that long ago.

McCain?

[RB TexLa]

9. You can claim homestead exemption any where in the country you want

You just can't claim it twice. You do not have to be a resident to claim homestead nor does it make you a resident.

[frazzled]

13. It has to be your principal residence

The question at the time was: how could Utah be his principal residence and he still meet the Massachusetts legal threshold for running for governor of having lived in the state for at least two (I think) years? It was sort of a Dick Cheney thang--he got away with it (like Cheney got away with being from another state from Bush, even though he had lived in Texas for years).

[RB TexLa]

14. Principal residence is a claim you make when you claim homestead exception

it however does not mean you have to be a resident of the state where your principal residence is, nor do you ever have to spend one night in it. You just can not accept payment from someone else for living in it, ie rent, or claim it anywhere else. You are a resident of where you abode, or if you are temporally away from where you abode you are still a resident of where you plan to continue to abode.


You don't have to live in your principal residence, it is simply your principal residence because you say it is and because you are going to claim homestead exemption on it, this is pretty common. I'm a resident of Louisiana but I claim homestead on the house I live in in Texas.

[RB TexLa]

4. That's Cindy McCain's home

[TheDebbieDee]

5. Isn't Cindy McCain an heiress or something?

[DesertRat]

11. Yes, she's a beer heiress

Cindy Hensley McCain is the chairman of her family’s business, Hensley & Company, one of the largest Anheuser-Bush distributors in the country.

[DesertRat]

6. They sold Cindy McCain's childhood home last year

And moved into the condo. They said that they wanted to "downsize".

[RB TexLa]

8. Yes, she sold that one and bought this one

[DesertRat]

10. The McCains have 2 other homes as well.

They own a home in Coronado (San Diego), next door to the Hotel del Coronado. And a ranch in Cottonwood, AZ.

[L. Coyote]

18. The Cottonwood property may have been John's only home before the marriage.

[DesertRat]

20. I don't think that he owned the ranch before he married Cindy

McCain met Cindy in Hawaii and married her a month after his divorce from wife #1 which is when McCain first moved to AZ (and Cindy's father helped him get into politics).

[juajen]

12. I believe the Clintons have another house in Washington, D.C., also.

[defendandprotect]

15. Congressional salaries should be linked to worker's salaries ---

and voters should have some control over the increases ---

Their salaries have skyrocketed in the past 15 or 20 years ---

In fact, former Rep. Patricia Schroeder/? tells the story that Speaker Tip O'Neil
and Rep. Dick Gephardt decided together NOT TO OPPOSE the relection of Rep. New Gringrich . . .
BECAUSE GINGRICH FAVORED A SALARY INCREASE FOR CONGRESS!!!!

[greenbriar]

17. figures

pugs all suck and some dems too

[defendandprotect]

19. and yes, it is that . . .

"DEM" part that we have to begin to look at very closely --- !!!!

An idea that's difficult to get across here at DU ---

[Historic NY]

16. Is it energy efficient? Think of all the beer drank to build it.