SwiftVets.com

[GM Strong]

McCains having trouble selling mansion
PHOENIX, Jan. 26 (UPI) -- Sen. John McCain, R-Ariz., tests the declining real estate market as he tries to sell his recently price-reduced $3.75 million Phoenix mansion.

The 11,000 square foot estate, with its nine bedrooms and eight bathrooms -- and eight surveillance cameras -- has been on the market for three months.

Only six prospective buyers have checked it out, the Arizona Republic says. That led to a half-million-dollar price cut.

A year ago, there were 145 homes priced at $500,000 or more for sale in Phoenix. Now, there are 1,341. Houses were selling in days last year, but now, it's taking an average of six weeks.

McCain and his wife, Cindy, who grew up in the house, want to downsize.
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8th Army Korea 68-69

[coldwarvet]

You would think some influence peddler would give him an exaggerated price and then flip it at a loss.
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Defender of the honor of those in harms way keeping us out of harms way.

"Peace is our Profession"
Strategic Air Command - Motto

USAF 75-79 Security Police

[I B Squidly]

Scanning 15 pages of greater Phoenix homes over 3.5 mil found one match in size and age:
azcentral listing

Some developer will take this lot and turn it into a cul-de-sac of townhouses. Property values doubled in Phoenix last year and it will take time for the market to catch its breath.

I doubt the McCain of the People visits often. He's got acreage at Page Springs outside Sedona. What he has in DC I don't know but he is bidding for the lot at 1600 Pennsy.


long link converted/kate
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"KILL ALL THE LAWYERS!"

-Wlm Shakespeare

[GM Strong]

[GenrXr]

Words of wisdom from Genrxr's father.

When my father bought his dream home, I was 15 years old and two years earlier travelling the country in a 36' bumper trailer with 6 siblings and mom and dad, so upon seeing this house for the first time I was quite shocked and asked if the family could afford it.

He replied he paid in full and had no note. So in my mind, we living high and easy and no worries.

One year later my father sat me down and explained how purchasing the home was not a wise financial investment. He said the true cost of owning a home is not its sell price, but rather its living price. He explained how landscaping alone cost 20,000 (this is in the mid 80's) for the past year and we were paying a 2,000 a month electric bill (at this point it dawned on me why my father would yell at us for keeping the lights on). He further explained there is nothing we can do to reduce the electric bill because the house has a mind of its own and that is sucking electrons from the grid. He went on to list all the costs associated with with maintaining the house and these costs were approaching 15 percent of the sell price for the home we supposedly owned per year.

The wisdom from my father?

You might be able to buy a house, yet unable to afford to live in it.

My father now lives in a beautiful one story home on 2 plots in a small town in Kansas and enjoying greater comfort than he ever had with his 'dream' home.


For you Crazy Utopian Libs out there that think you deserve the same great small house my father has in Kansas?

Dad spent a lifetime of hard work to achieve a small comfort.
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"An activist is the person who cleans up the water, not the one claiming its dirty."
"All that is necessary for evil to triumph is for good men to stand by and do nothing." Edmund Burke (1729-1797), Founder of Conservative Philosophy