Okay. I know this has been diaried before but this story in the Washington Post would be really funny if there weren't things of imporance going on in the world.
Edwards apparently bought a house in the formerly "hot" DC market, held onto it for over four years, selling it in late 2006 for less than the asking price. And get this an 8% annualized return.
http://www.washingtonpost.com/...
the scandalous title is
Identity of Edwards Home's Buyers Veiled
Assisted-Living Magnates in SEC Probe Paid Candidate $5.2 Million
these guys deserve all the credit By John Solomon and Lois Romano
Washington Post Staff Writers
Friday, January 19, 2007; Page A01
This is apparently front page news at the Washington Post. You should cruise by and check out the reader comments they are very funny..
http://www.washingtonpost.com/...
leave some of your own love.
If only the Post and others in the media focused such investigative power on things that mattered, when they mattered, such as oh, the lies leading up the Iraq War, than maybe people would still respect them.
By neekoo99 | Jan 18, 2007 11:04:41 PM | Request Removal
So, if you sell your house to someone who has some legal issues that should reflect on you? What if a pedophile subscribes to the Washington Post? Same thing no?
By rkerg | Jan 18, 2007 11:11:42 PM | Request Removal
Why is this a lead story? Wheres the beef?
By dankatzman | Jan 18, 2007 11:15:08 PM | Request Removal
I have to wonder how many people selling property delve into the backgrounds of buyers. Just what makes this a front page news article in beyond my ken.
By mickle1 | Jan 18, 2007 11:36:03 PM | Request Removal
Wow, another John Solomon hit piece on another Dem for the same great crime of selling property to an LLC. Color me amazed.
By youareidiots | Jan 18, 2007 11:52:17 PM | Request Removal</buest Removal </p>
So what is the questionable action that Edwards has engaged in ith this sale? I read it through a couple of times to see what Edwards may have done that was shady.. The only shady thing I can see is the authors attempts to besmirch Edwards name. What is the purpose of inferring that Edwards is somehow related to whatever illegal stock transactions the Klaasens may have been participants in??? C. Davie
By cdavie | Jan 19, 2007 12:12:39 AM | Request Removal
OK. So what?
By mcgowan | Jan 19, 2007 12:19:03 AM | Request Removal
Oh wow! Another Whitewater!!!!! And someone in D.C. sold a house for $1.2 million more than they paid for it. Why, that has never before happened in the entire history of the world! No doubt John Edwards gave orders for old people to lie for hours in beds soaked with their own excrement just so he could profit from their misery. Meanwhile, ignore the $9 billion of missing money for Iraq reconstruction, and the airplanes filled with flag-draped coffins, and the hundreds of thousands of dead Iraqis. Move along folks, nothing to see there -- but just look at John Edwards! MY GOD! HE SOLD A HOUSE!
By Bukkonen | Jan 19, 2007 12:39:55 AM | Request Removal
the post should use story space more carefully, I wasted my time reading this
By waawaazaire | Jan 19, 2007 12:45:52 AM | Request Removal
This idiotic piece -- of tripe -- elicited outrage when I read it, but not for the reasons Solomon may have expected. I kept waiting for some significant bit of information, some shoe to drop, while reading it, but there is simply no there there. Solomon -- and Romano, who should have higher standards -- wrote with such urgency and outrage that one expected them to reveal some grand malfeasance by Edwards. Instead of which, we were subjected to a lame, pointless **expose** of a very ordinary, ethical and, above all LEGAL real estate transaction. The alleged ethical lapses of the buyers have not one blessed thing to do with John Edwards. To imply as much is like saying that a person who sells a car to an accused felon in some way shares in the criminal*s guilt. If Edwards had sold his house to a living saint -- or John McCain -- would Solomon then praise him for being associated with such a wonderful person via a business transaction? One is reminded of another of Solomons hit pieces, his attack on Harry Reid that fell so far short of the mark. This current bit of idiocy is an insult to the intelligence of the reader, but no better than the filth we have come to expect from this once great paper.
By roxnrole | Jan 19, 2007 1:31:00 AM | Request Removal
John Solomon knocks another stinker out of the park! I think the Post should put him on the real estate beat permanently. Who knows how many people in DC have sold their house in recent months under their original asking price to purchasers of questionable ethical standards. Think of the scandal! Think of the intrigue! In fact, why stick to current home sales? Mr. Solomon could apply his considerable investigative powers to look into past real estate deals. Did you know that Abe Lincoln sold his log cabin to a slaveholder from Missouri? Or what about that George Washington, selling a portion of Mt. Vernon at below market prices to a former British proconsul? Oh my precious innocence, I feel it slipping away as I type. Yesiree, DC would definitely benefit from John Solomon impugning whole generations, nay, whole eras, of Washington home owners with his specious, trite, and utterly banal reporting.
By eevolk | Jan 19, 2007 3:27:18 PM | Request Removal
The best part is I am a supremely better real estate investor. John Edwards only made an ~8% annualized return on his investment over the last 4 and a half years. Congratulate yourselfs we've all likely made more than this on our homes after the last 4.5 years.
Why is the main stream media so afraid of Edwards?
email ombudsman@washpost.com to politely request they stick to news and not gossip stories.