McCain Property Goof

John McCain made another gaff yesterday as he admitted losing track of how many houses he owned. When asked about the size of his portfolio, in an interview with Politico, he replied: “I think…I’ll have my staff look into it.”

McCain’s enourmous wealth is doing him no favours with the credit crunched American public at the moment and slip-ups like this are quickly pounced upon by the Obama camp. Only a few days ago he said that to be considered trully rich in America it took an annual income of $5m (the average income for an American in 2006 was $26,036).

The McCains reportedly own seven homes in Arizona, California and Virginia, worth a total of $13m. This coupled with the fact that Cindy McCain’s inherited America’s biggest beer distribution firm, estimated at $200m, have been used by the Obama campaign to answer the Rebulican’s accusations of the democrats elitism.

Be the first to comment

Nobody has made any comments on this entry - be the first to have your say below.





More Recent News

  • Slight rise in volume sales for October BBC News 20 Nov. 2008 Property sales rose slightly in October, for the second month in a row, the National Association of Estate Agents (NAEA) said. Read more
  • Mortgage lending rises by 7% Alex Coxall 20 Nov. 2008 Mortgage lending rose by almost 7% in October over September, suggests figures released by the Council of Mortgage Lenders today. Although this shows a move in a positive direction the figures are significantly down on the October of the previous year. Read more
  • Buy-to-let trouble ahead BBC 19 Nov. 2008 Between 20% and 40% of buy-to-let (BTL) landlords will fall into negative equity if house prices keep on falling at their current rate, a report says. Read more
  • RICS survey conclusions Alex Coxall 14 Nov. 2008 Transactions have slowed again during October but lead activity indicators and the headline price balance has improved, according to a survey carried out by RICS. Read more
  • Nationwide predict fall into 2010 Alex Coxall 10 Nov. 2008 Graham Beale, chief executive of Nationwide is predicting that house prices will continue to fall possibly into 2010. Over all he predicts that the market will decline by 25% from its peak value to the lowest point. Read more
More news