Candidates' Cribs: Their Digs, Pre-White House

Madeline Holler — Thu, 17 Jan 2008 22:10:00 GMT

Readers, rest assured. America's housing market meltdown won't leave any of the candidates without a very, very pleasant roof over their heads. But you're kind for caring. How about we take a peek at those roofs and do a little real estate market analysis, you know, on behalf of those candidates who don't manage the upgrade to something bigger and whiter.

Mother Jones was kind enough to assemble a photo album of many of the top candidates' domiciles and CNBC ran the numbers.

John Edwards, that son of a mill worker, lives in the most expensive house of any of the candidates. His rambling $6 million compound, which he purchased in 2007, has risen in value over 4 percent. Think he went the exotic loan route? Incidentally, the average home value in his North Carolina county is $365,000. He's defintely on the other side of the tracks . And when this Chapel Hill estate won't suffice, he's got his $1.08 million beach home.

Rudy Giuliani lives in a $5.25 million nine-room co-op in Manhattan's Upper East Side, by far the best of all the candidate's cribs, in Political Nanny's opinion. The Manhattan housing market has been quite good to him -- the median price of a Manhattan apartment has risen 14 percent since moving day a few years ago. The average cost of a Manhattan apartment is $1.5 million, which, in local money, is kind of slummy, right?

Next up, John McCain's $3 million Phoenix condo (which, according to MoJo, is actually two condos combined into one). We all know the market in Arizona's cities is tanking. The average home price in Phoenix is $428,000, down 1.8 percent in the last nine months. Now, from the outside, his condo looks like a hospital. But for beauty, he can always go to his $1.1 million 6-acre ranch in Sedona.

A tie between Hillary Clinton's Westchester, N.Y., home price and the home Mitt Romney has in Belmont, Mass. There are others. These houses cost the candidates $1.7 million. Clinton has a slight edge in that her neighborhood's prices are down just 2.8 percent, while the Romney's are watching a 9 percent decrease around them. For the Clintons, the average price in the area is $1.13 million. For Mitt and family, the median home price in Belmont is $680,000. (MoJo pictures his $3 million New Hampshire house on a lake, which should not be confused with his $5.5 million main residence, a former ski resort in Park City, Utah. Yow!)

Barack Obama bought his almost-South-Side Chicago house -- a beauty -- for $1.65 million in 2005 (the height of the market, what was he thinking?!). The average value of a home in his area is $310,315. Overall, prices are up 1 percent, so, he's doing OK and won't likely need to take advantage of Hillary's mortgage bailout plans.

Missing from the market analysis: the stats on Fred Thompson's McClean, Va., home, which set the Thompsons back $3.3 million. With prices dropping in the Northeast, though, we'd hate to see him get upside down on his financing. And also Mike Huckabee's Little Rock McMansion, which he and his wife paid $525,00. Sounds like a steal, but we're guessing it's one of the more pricey homes in Arkansas. Which would explain why they registered for house-warming gifts after they bought it.

Now, for any of the candidates trying to establish some Green credentials, Political Nanny's advice is: install solar panels and change those incandescent bulbs, quick! Most of these rather enormous homes likely have an oversized and embarassing carbon footprint. We're just saying ...

Finally, the ones missing from the collection are two that Political Nanny would have really liked to see and also a pair that could give some perspective: the homes of Ron Paul and Dennis Kucinich. Send over the links if you think you have tracked either or both of them down. Is Political Nanny alone in imagining Kucinich's digs might bear some resemblance to Austin Power's pad? No, only her?

Political Nanny : homes

Candidates' Cribs: Their Digs, Pre-White House