Looks like Duke seriously stepped in it. Too bad. I like the guy, but when someone offers me about twice what my house is worth, I'm going to think about it for a while.
Especially when I know with whom the offerer does business with.
Also, he had to know that that boat cost about a million dollars. Does paying dock fees and maintenance cover the mortgage on the boat? Give me a break.
The article says he took a loss of $700,000 on the house. Where do you come up with the idea that he sold it for twice what it was worth?
Custom named, no less!
http://www.freerepublic.com/focus/f-news/1430027/posts
Cunningham, in his statement, also denied any impropriety in living aboard Wade's 42-foot yacht while in Washington.
... the lawmaker said he has been living on the boat since April 2004. The yacht is named Duke-Stir, an apparent play on Cunningham's nickname.
Cunningham estimated that he had paid "$8,000 in dock fees and well over $5,000 for service and maintenance" during the 13 months he has lived on the yacht.
Oops! My mistake it was the contractor who took the loss!