Discussion in 'Current Events' started by Kirk Strong, Jun 16, 2011.
She should spread that wealth. What does she need all that money for?
I never knew that about him.
And Pelosi's family and hubby have been in real estate for years.
Yep, he's also the voice that says "Viper armed!" on the alarms.
Which is fine, and makes sense. But how did their real estate holdings, even if they're in crazy-high San Francisco, manage to not go down in net value with the real estate crisis?
Fuck, they're in commercial real estate. Commercial is getting fucked up the ass right now. All the news is about residential and people losing their homes because it's good copy and it's easier to feel sorry for individual home owners, but commercial real estate holdings are totally fucked right now. If you're in commercial real estate and renting out, unless your tenants are government entities (hmmmm...) you're sitting on a lot of vacancies right now. When commercial sits empty, your net worth crashes...
Nancy owns hotels and restaurants - non union of course
"Commercial Real Estate" is a pretty broad term. I'm guessing she's got some pretty choice holdings, and we aren't talking about strip malls in Henderson, NV here.
I would love it if someone made it their pet project to change that...