In addition to poor fundraising, clemencies gone bad, and an apparent disdain for presidential politics, here’s another reason Huckabee is unlikely to run:
Mike Huckabee’s $3 million home
Mike Huckabee, who left Arkansas, where he built the platform for his media success and which, incidentally, has an income tax, is putting down expensive roots in a beach development in Walton County, Fla., east of Destin — a $3 million home. David Koon reports:
Paperwork filed in Walton County, Fla. shows that Huckabee and wife Janet are building a new multi-million dollar home on Blue Mountain Beach. The building permit for the three-story beachfront house lists the projected cost of construction at $2.2 million. This is in addition to the cost of the land, which Walton County most recently appraised at $853,062. The land was purchased for $800,000 in 2009 by the Angus B. Wiles Trust. The trustee is Bryan Jeffrey, a Little Rock accountant who handles Huckabee’s accounting matters. A Florida official said records indicate Huckabee is the owner of the trust. Trusts are frequently established in Florida as a means of shielding the identity of property owners from easy Internet searches. County records for the trust show an $800,000 mortgage with Centennial Bank filed Nov. 20, 2009, modified in an unspecified way in June, and a $2.25 million mortgage with Centennial filed June 23. It’s unclear from records if the first mortgage became part of the second. The records also indicate a pool or spa is in the works.
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5 comments:
If I read that mortgage info correct, is Huck 100% leveraged? If so, a presidential run might be a little troublesome.
You can't take out a $3 million mortgage on a $3 million home. It looks like he's financing 75%, which is standard for a jumbo loan. Still, at current jumbo rates of around 5%, he's staring at a $12,000/ month P & I for the next 30 years. Taxes are going to be a bear too.
Also from the article...
Janet Huckabee is often seen in town, recently at an upscale design store picking out furnishings for the new Florida home.
By the way, I checkout the ROS thread on the topic. Craig "Iowa: Huck #1" can be a little much. Why does he keep posting the same stuff over and over again in rapid fire fasion?
Huckabee is a loser!
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