John McCain, Man of the People and Other Lies
Sen. John McCain, R-Ariz., tests the declining real estate market as he tries to sell his recently price-reduced $3.75 million Phoenix mansion.
The 11,000 square foot estate, with its nine bedrooms and eight bathrooms -- and eight surveillance cameras -- has been on the market for three months.
Only six prospective buyers have checked it out, the Arizona Republic says. That led to a half-million-dollar price cut.
A year ago, there were 145 homes priced at $500,000 or more for sale in Phoenix. Now, there are 1,341. Houses were selling in days last year, but now, it's taking an average of six weeks.
McCain and his wife, Cindy, who grew up in the house, want to downsize.
The 11,000 square foot estate, with its nine bedrooms and eight bathrooms -- and eight surveillance cameras -- has been on the market for three months.
Only six prospective buyers have checked it out, the Arizona Republic says. That led to a half-million-dollar price cut.
A year ago, there were 145 homes priced at $500,000 or more for sale in Phoenix. Now, there are 1,341. Houses were selling in days last year, but now, it's taking an average of six weeks.
McCain and his wife, Cindy, who grew up in the house, want to downsize.
posted by TheFuriousGourmet | 3:48 PM
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