Let's see if this story has 'legs'. I suspect if Bill & Hill did this we'd see an initial report, and then the story would die -- nobody would 'pick it up'. Of course, Cunningham is a conservative & a republican, so the rules are different.
BTW, a 700,000 loss on a home in this area might not be unusual. That is a crazy market.
I think it would be cleared up in a second, whenever the price of the house is compared with the "worth" of the house...
What is strange to me is why is a corporation buying a single family house in Del Mar? And, if you read the entire article, it also seems as if the transaction was structured to reduce transparency (by using dummy corporation names.)
This is a Republican district, but it's not fail-safe. Cunningham got 58% of the vote in 2004. If there is wrongdoing here, we should get another conservative on the ballot so we don't lose the seat to the Democrats.
The comps will help tell the story. If somebody can come up with a zip code then we can check. The value of that house is probably pretty well established.
This sounds like a "cattle gate" type of deal.
Duke went to the Delmar track..and somehow bought only winning tickets..