Real Estate Investing

Living Conservatively? Think Again…

How fun is this? Newsweek published a web article today that analyzes the homes of the front-runners in the 2008 presidential race. This is a superstar presidential race to be sure. There are some million dollar bank accounts and megawatt smiles. The only person missing is Ah-nuld. So isn’t it fun to see how the rich and famous potential future leaders live?

Read the article to see who’s the biggest spender. Three guesses, first two don’t count. Three hints for you: multi-faceted entrepreneur and investor; Big Apple; rhymes with Shuliani. I found it interesting that all the candidates discussed in the article (that includes Mike Huckabee, John McCain, Rudy Giuliani, Mitt Romney, John Edwards, Hillary Clinton and Barack Obama) lived in homes worth considerably more than the median home price of the surrounding area. We’re talking $4.6 million in a $427,000 area (McCain), $1.65 million in a $328,000 area (Obama), etc. It defies a basic real estate principle, but I guess this group of presidential candidates isn’t exactly known for being followers. Besides, they would have no trouble breaking through the neighborhood price ceiling when selling their properties, simply because of the fame factor.

Speaking of fame, is it surprising that Hollywood actor and former Congressman Fred Thompson was not included in this article? Maybe he’s not exactly considered a power player yet in this election, but he’s faring better in the latest ABC News polls than McCain, who did make it into the article. Go figure. It is true Thompson has not been one of the most visible candidates in terms of media coverage. But I’ll bet his home is not too shabby, so he should’ve been in. And that’s as political as this Tennessee girl is going to get.

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One Response to “Living Conservatively? Think Again…”

  1. White House Facts - Real Estate News - Banks.com Says:

    […] recent attention on real estate holdings of the 2008 presidential candidates might increase interest in the prime real estate toward which they all hope to be headed in about a […]

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