Thursday, February 24, 2011

Huck: 'I don't have a lot of reserve built up'

Does anyone really think Mike Huckabee would have taken on a $2.8 million mortgage if he was seriously considering a run? I've asked this question before. Huck fans are usually quick to mention his frugality, and claim that "Mike could probably pay cash for the house." If his comments today are any indication, that doesn't appear to be the case.

CNN reports:
..."If I run, I walk away from a pretty good income," he said, according to Roll Call. "I don't want to walk away any sooner than I have to because frankly, I don't have a lot of reserve built up. Most of my life was in public service. Therefore I didn't come away wealthy."

(...)

"In order to run for president last time, I cashed in my life insurance, my annuities, I pretty much went through everything that I ever had as an asset that I thought I might someday live on," he said. "One thing I committed to myself, to my wife and God, was that if I do this I'm hopefully going to be in a position that I'm not so completely destitute at the end of it, that I have no idea what to do if I get sick."

Huckabee also recently acquired an $800,000 property in the tony Blue Mountain Beach area of Florida and is in the process of building a $2.2 million home there. According to the Arkansas Times, the former governor took on a $2.8 million mortgage for the property and home, a figure that of course translates into a hefty mortgage payment....
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5 comments:

Right Wingnut said...

By the way...

A $2.8 Million mortgage amortized over 30 years at 5% nets a monthly P & I of $15,031.

Anonymous said...

Ambassador Huntsman attended an anti-government protest in China.

http://www.frumforum.com/huntsman-spotted-at-chinese-demonstration

"Jon Huntsman was caught on tape at an anti-government protest in China—and quickly left the scene after someone in the crowd noticed the U.S. ambassador’s presence and accused him of wanting to see chaos in the country."

DanL

Anonymous said...

Don't we always hear "you have to spend money to make money"? Is it possible that during the '08 primary season Gov. Huckabee realized he needed a place to entertain possible donors and supporters?

Could his wife wanting him to wait until the end of summer be because she wants to play hostess in her new home?

Wouldn't a place on the beach of Florida be an ideal spot for a POTUS to take foreign dignitaries?

Anonymous said...

Janet Huckabee has spent a lot of time with Habitat for Humanity and is reported to swing a "mean hammer". It would be interesting to know how involved she is in the construction process of her new home.

Anonymous said...

LMAO at your 'tony' comment about BMB. It's a neighborhood, that just happens to be on 30-A. Huckabee's house is the proverbial 'sore thumb' on our street.