No kidding --- I was laughing because I have an accounting degree and our home down here is worth more than that !!

How much is your third home worth?

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What in the Wide Wide World of Sports is agoin' on here???

You gotta admit. A guy making 174k a year with 3 homes. Something is fishy here. Did the Clinton campaign fund this latest one?

 

You do realize his wife Jane was a president of a college in the past and has had a few decently prominent jobs too, right?

 

You all are acting like a $600k house is something that only the Jay Z & Beyonce can afford --- give me a break !!!

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How much is your third home worth?

 

$225k according to Zillow.

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You do realize his wife Jane was a president of a college in the past and has had a few decently prominent jobs too, right?

 

You all are acting like a $600k house is something that only the Jay Z & Beyonce can afford --- give me a break !!!

 

OK, so now his wife bought it. Got it. Thanks for clearing that up.

 

Also, 600K is not chump change for a house basically anywhere outside the state of California.

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Bernie Sanders has been a Senator for 9 years, was in the house for 16 before that, and from what I understand, he was basically close to being a homeless bum for the majority of his adult life. He didn't have his first real job until he was around 40. He's also not a lawyer, so you've really bought into a narrative about your icon that's chalked full of misinformation.


Considering he reported his NET WORTH to be right at $160k when he threw his hat in the ring for the presidency, there's certainly room to question how he's able to afford a THIRD home, not in Vermont, but in Ohio.


$600k is a lot for anyone who hasn't sold out, but he didn't seem to have a problem plunking down the money. So much for being a champion for the little guy.

Lol, you got me on the lawyer thing, I just assumed he was one.


So he just pulled this money out of thin air? That does seem fishy.


Is it possible he had some other asset he sold off to buy this new house?


I mean, wouldn't some one that got paid off by a political machine worth hundreds of millions and had also raised hundreds of millions be able to buy something more than a modest 600k home? In Ohio, for crying out loud?!


Are you sure there's not a more reasonable explanation?

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Even as a 3rd home for a person like Bernie Sanders ---- $600k in the Northeast really isn't that much.  Even if his Net Worth today is $200k, his potential future earnings are in the millions if he were to write a book and go on a public speaking tour.  Strike while the iron is hot !!!

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With Bernie's new found expenses, I guess we can kiss that $8,000 charitable donation goodbye, huh?

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Even as a 3rd home for a person like Bernie Sanders ---- $600k in the Northeast really isn't that much.  Even if his Net Worth today is $200k, his potential future earnings are in the millions if he were to write a book and go on a public speaking tour.  Strike while the iron is hot !!!

 

I wasn't aware the bank lent on potential earnings. I need to go to HIS bank!

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Lol, you got me on the lawyer thing, I just assumed he was one.


So he just pulled this money out of thin air? That does seem fishy.


Is it possible he had some other asset he sold off to buy this new house?


I mean, wouldn't some one that got paid off by a political machine worth hundreds of millions and had also raised hundreds of millions be able to buy something more than a modest 600k home? In Ohio, for crying out loud?!


Are you sure there's not a more reasonable explanation?

His net worth is $160k according to most recent financial disclosures.  Granted, his wife has a gift for securing loans that nobody can afford to pay back.  Maybe she worked her magic.

 

There's one reasonable explanation.  He sold out, and his price tag was enough to allow him to by a third home.

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Never argue with idiots. They drag you down to their level and beat you with experience.

 

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Maybe he bought it based on future earnings from speech's and all that jazz ayyyy

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Bernie Sanders has been a Senator for 9 years, was in the house for 16 before that, and from what I understand, he was basically close to being a homeless bum for the majority of his adult life.  He didn't have his first real job until he was around 40.  He's also not a lawyer, so you've really bought into a narrative about your icon that's chalked full of misinformation. 

 

Considering he reported his NET WORTH to be right at $160k when he threw his hat in the ring for the presidency, there's certainly room to question how he's able to afford a THIRD home, not in Vermont, but in Ohio. 

 

$600k is a lot for anyone who hasn't sold out, but he didn't seem to have a problem plunking down the money.  So much for being a champion for the little guy.

 

Hmm...  Something about that doesn't pass the smell test.  Could it be that he went from saying that Hillary Clinton wasn't qualified to be President to suddenly endorsing her?  I wonder if the Clinton Foundation has a liability at or around $600k?

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There are 10 kinds of people in this world.  Those who understand binary and those who don't.

is 600k much for a house there? Doesn't seem that much?

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is 600k much for a house there? Doesn't seem that much?

 

There as in US? or there as in Ohio?

 

600K will buy you a LOT of home in Jacksonville.

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is 600k much for a house there? Doesn't seem that much?

 

I purchased my home in the early/mid 1990's for $68K.  It's a modest home around 1500 square feet of living space on a "typical" lot of just under 1/4 acre.  It's an older home, so it wouldn't appraise as much today but my taxes place the value on the home around $100k.  Most new homes similar to mine nowadays would probably go for around $150k - $200k.

 

Now keep in mind, this is in Jacksonville, Fl.  Other states are going to have a higher cost.  My parents have a home around the same size as mine on around the same size lot in a different state, and their home is appraised at $600k for tax purposes.  Now again, their home is newer (built in 2012).

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There are 10 kinds of people in this world.  Those who understand binary and those who don't.

Yeah I guess it varies wildly where you are. Just doesn't seem that much money for a senator, so why in the news?

 

I don't think you can buy a house in my suburb for that unless it was very run down/small. Though would buy a decent house around 10k's from the city centre. Sydney not a chance unless many miles out of the city.

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Yeah I guess it varies wildly where you are. Just doesn't seem that much money for a senator, so why in the news?

 

I don't think you can buy a house in my suburb for that unless it was very run down/small. Though would buy a decent house around 10k's from the city centre. Sydney not a chance unless many miles out of the city.

It's probably the combo of $600k and it being his third house, not so much just the price of it. Considering he had a net worth of $160k not that long ago, it's a little suspect.



Side question for anyone that knows: Is the value of your house/s added when computing net worth?

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What in the Wide Wide World of Sports is agoin' on here???

I purchased my home in the early/mid 1990's for $68K.  It's a modest home around 1500 square feet of living space on a "typical" lot of just under 1/4 acre.  It's an older home, so it wouldn't appraise as much today but my taxes place the value on the home around $100k.  Most new homes similar to mine nowadays would probably go for around $150k - $200k.

 

Now keep in mind, this is in Jacksonville, Fl.  Other states are going to have a higher cost.  My parents have a home around the same size as mine on around the same size lot in a different state, and their home is appraised at $600k for tax purposes.  Now again, their home is newer (built in 2012).

 

In 1973, my dad bought our first home in Jacksonville for $19,500, sold it in 1989 for $92,000. That buyer renovated it to be law offices, sold in 2003 for $475,000. It's on the market now for $550,000. 6,250 square foot lot in Riverside, built in 1915, easily convertible to residential as it still has the kitchen and bathrooms. The changes in real estate values over 43 years in that part of town amazes me.

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If something can corrupt you, you're corrupted already.
- Bob Marley


 

It's probably the combo of $600k and it being his third house, not so much just the price of it. Considering he had a net worth of $160k not that long ago, it's a little suspect.



Side question for anyone that knows: Is the value of your house/s added when computing net worth?

Complicated answer...

<a class="bbc_url" href='http://money.usnews.com/money/blogs/the-smarter-mutual-fund-investor/2012/09/05/should-you-include-your-home-in-your-net-worth'>http://money.usnews.com/money/blogs/the-smarter-mutual-fund-investor/2012/09/05/should-you-include-your-home-in-your-net-worth</a>

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In 1973, my dad bought our first home in Jacksonville for $19,500, sold it in 1989 for $92,000. That buyer renovated it to be law offices, sold in 2003 for $475,000. It's on the market now for $550,000. 6,250 square foot lot in Riverside, built in 1915, easily convertible to residential as it still has the kitchen and bathrooms. The changes in real estate values over 43 years in that part of town amazes me.

Yep. A wise real estate investor once told me that you can't make more land.

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