I don’t care that he has a 2 million dollar house either.
What I care about is that he lied in Michigan, talking about how the value has gone down, when the value of everything inside the greater Washington area is the only damned place in the country it has NOT gone down - and this is more indication that RS is simply an out of touch creature of Washington.
That’s what I care about.
That’s not true. We live inside the beltway and our home value has gone down. We are not underwater because we have owned the house for 22 years. Before the crash the homes in my neighborhood were being sold 20% higher than they are know.
Is this the house he was living in when he lied about his residence to get the PA on-line home-schooling program? He claimed he and his family resided in a house in the district - where he had once lived when he was first married 20 years ago but not since then - so that his kids could get free tuition as residents.
Then he let the State of PA pay the $50,000 fine imposed by the school district when his fraud was discovered. Saving to buy the $2 million dollar house for himself, I guess.
Any wonder why people think Santorum is dishonest?
Me neither. I’ve got a home in Glory Land that outshines the sun. Way beyond the blue! Amen.
Read the article,
home values HAVE GONE DOWN
He is just not underwater, now there’s a reason to hate him
2007 was boom times in NoVa, people love to talk about real estate around here and used to count their equity as it climbed month by month
I lived here in the early 90’s when the Beltway market crashed and some folks got a reality check, I guess some thing just repeat themselves
Exactly.
I'm a long time supporter of Santorum, I've worked for his campaign, I donated money in the past and this time around as well.
Rick's problem isn't that he's wrong on the issues, it's that he's so bad at messaging: He can say something that's so right in a way that makes it sound so wrong. He makes statements that just haven't been thought out. He would get DESTROYED in the general election.
Hi CEW-
You didn't quite get that right; Santorum’s house did decline in value (25% according to the article); however, Santorum did misrepresent his situation by claiming that his mortgage is “underwater.”
It appears Santorum was able to obtain a series of financial arrangements not usually available to those of us on “Main Street.” After his home declined in value, he was able to refinance his “underwater” mortgage at 4% so that now he does not owe more than the house is worth and he is in absolutely no danger of losing his home.
Now nothing about all of this is illegal; and I don't fault Rick for getting the best “deal” that was available to him; however, I still believe he frequently misrepresents himself to the voters as being “one of us.” He isn't; he's a well to do, D.C. insider who has used his power and influence for personal gain whenever it suited him.
At least Newt has apologized and tried to make amends for his sins; Rick still seems to be too enchanted w/his own illusion to submit to that level of introspection and remorse.
Did you even read the article???
“Tax assessments show a nearly 25 percent drop in the house’s value since its peak in early 2008 just after Santorum purchased it”
the rest of this HIT PIECE tries to make it sound ominous that he got a job here and decided to move permanently to Virginia, purchased his home in the name of a trust (financial planning), that the source of the down payment was not public (he sold another house plus he got a big job with maybe a signing bonus, common), that he refinanced it several times even thought the values declined (at LTV normal and acceptable for home refinance) and that he claimed (accurately) that his home value dropped - but he’s not underwater (??so??)
Say What? What is it again you “care” about?
I’m a Newt supporter, but seriously you are buying into the MSM.
Santorum owns a house in PA too. What has happened to THAT value?
I don’t know where he lives, but the value of houses in many areas of DC and the nearby VA and MD neighborhoods have gone down significantly since 2007. There are some areas that have gone back up, but it is spotty.