Shady Military Land Deal
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Shady Military Land Deal
| Sun, 10-12-2008 - 4:51pm |
Hmmmm...McCain's shady land deal - influencing the sale of military land to a friend:
| Sun, 10-12-2008 - 4:51pm |
Hmmmm...McCain's shady land deal - influencing the sale of military land to a friend:
It disturbs me when politicians use their position for anyone, even when nothing is unethical.
Interesting that after having held onto the land for only 2 years it sold for a significant amount more than the $250K he paid for it (from the article):
"He held on to the parcel for a little more than two years before selling it and the buildings on it for an estimated profit of more than $18 million. "
Sopal
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Did the lease deal created the descrepancy between appraised value and actual value apply to him, or only the military?
So now I'm even more confused, if he already had a stake in the property, seems like who ever set up the deal with the lease in the first place is the one that screwed up that a piece of property is worth 18mil, but due to a lease can only sell for $300,000.
Seems like a shrewd businessman.