Cunningscam round-up

And finally, this editorial in the North County Times.

Here's what he was talking about: Wade in 2003 bought Cunningham's house in a private transaction, let it sit vacant for nine months, then sold it at a staggering $700,000 loss in the nation's hottest housing market. Significantly, the congressman did not release the "comparables," or the data about similar home sales in his neighborhood that his real estate agent used to set the price of the house.

Yes, isn't that interesting.

What's more, Cunningham since April 2004 has been living on Wade's yacht in Washington. The congressman said that in lieu of rent, he paid more than $8,000 in dock fees and $5,000 for upkeep on Wade's boat.

We can set aside the dock fees, because Cunningham rented space for his own boat at the Potomac River marina for years before he moved into Wade's boat. According to Cunningham's accounting, that $5,000 over the last 14 months amounts to $357 a month.

Wow. In 1996, I rented a one-bedroom apartment in south Oceanside that went for $505/month. I should have been looking at yachts, instead.