For days, Lee Ward has been hammering away at Obama 's abject failure to answer fully all questions about the purchase of his home and the adjacent lot in Chicago's South End, in the Kenwood district, on June 15, 2005.
Yesterday, Obama fielded questions by 3 dozen reporters about the subject, in the Chicago Tribune editorial office. There are about 25 internet pages of coverage in yesterday's Chicago Tribune, with lots of photos, including the house and controversial adjacent lot with a hour and half, complete Obama audio podcast- scroll down center- left side- and transcript Excellent read.
The controversial adjacent corner lot still is listed on the realtor's site. I just checked it out today. Telephone #773-667-1000. If anyone wants it? Asking price is $995,000..about what the corner lot for my father's small bungalow is worth in suburban Toronto..
Description..Extraordinary chance to build in historic neighborhood
Historic kenwood - 50 x 150 lot - zoned r-5 for multi- family developers come and build - or if you want to build the single family of your dreams in historic kenwood. Corner lot southwest corner - no other lot for sale in hyde park/kenwood with so many possibilities .(that's for sure) Call for a copy of the survey. Land is slightly elevated which makes it all.- All offers, except by Tony Rezko, accepted ..(just kidding about the last part)
Judging by the photo of it, you would practically be in Obama's front yard or living room if that would interest you...Lee?
Obama still has a huge mortgage to pay off. It was 1.3 million dollars in June, 2005. I hope he can afford to go to the White House...I'm not sure if Michelle can still continue to work in Chicago and how they will be able to afford their monthly mortgage payments? I'm glad Obama recently was able to pay off his student loans.
It would be a lot easier, if like the Clintons, one could depend on secret multi-million dollar consultancy contracts that flow into huge joint bank accounts that you felt no need to disclose to the public, while one of of you runs for the presidency. But as Obama is the only one running on the issue of personal accountability and ethics he is the only one that faces questions.
The Chicago Tribune Editorial board says they are satisfied with Obama's "plausible and lengthy explanation".. "The most remarkable facet at the outset, he pledged to answer every question. And he did". And Obama's foremost Tribune Obama critic John Kass, says "I almost liked his answers, almost".
As anyone know who has ever puchased a house, the legal, bureaucratic real estate contracts, financing and building permits can get very complicated and become a nightmare. Obama regrets getting involved with Rezko, particularly when the deal over the fencing got bogged down, and it required more negotiations than Obama anticipated 'good fences make good neigbors' but it seems erecting one can be stressful too.
(Obama's) attorneys and architect worked for several months to secure the fence permits. The Obamas paid several thousand dollars to complete that paperwork, but Rezko paid the roughly $14,300 cost of erecting the fence.
Rezko was not doing him a favor by paying for the fence, Obama said, because a city ordinance required owners of vacant land to install fences.
To put some space between his house and the proposed fence, Obama then asked Rezko to sell a 10-foot-wide strip.(for a play swing area for his kids) Obama's appraiser estimated the portion at $40,500. But Obama paid the Rezkos $104,500, or a sixth of their original $625,000 purchase price, because he was acquiring a sixth of the land.
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