Posted on 11/29/2017 11:52:20 AM PST by PBRCat
Gutierrez told the Chicago Sun-Times on Tuesday that he and his wife bought a home for more than $1 million last year in Dorado, on the northern coast of Puerto Rico. He said they’re renting out the property now but it will “probably be our house that we live in” at some point.
“I’m going to be active in the politics of reconstruction of my island, because I love that island,” he said, noting that he had a plane ticket to leave Sunday for his fourth trip to Puerto Rico since Hurricane Maria devastated the tropical U.S. commonwealth in September.
“I love my people,” Gutierrez added. “I’m committed to them.”
Gutierrez, who turns 64 next month, reported investments worth a total of between $1,325,022 and $2,975,000 at the end of 2015. That amount — which did not include his home in his 4th Congressional District — ranked 147th among the 435 House members, the Center for Responsive Politics said.
For years, Gutierrez invested heavily in Chicago’s residential real estate market, moving repeatedly as he made hundreds of thousands of dollars buying and selling homes in the city.
Although he described himself as a “walking open book,” he added, “It’s not important to look at what somebody is doing and what they’re buying. Big deal.”
Assuming Gutierrez completes this final term in Congress in January 2019, he would have served 25 years in Washington and be eligible for a full pension of about $67,860 per year.
Chicago Hispanic GUITIERREZ plans to become a COMMUNITY ORGANIZER and PUERTO RICO STATEHOOD CHAMPION before his 2020 run for POTUS.
I hope somebody posts a link from Google earth. I want to see what kind of house you can buy in Puerto Rico for $1.1 million. I bet it is a palace.
Setting himself up to be the Senator from Puerto Rico when the Uniparty makes it our 51st state.
That Chicago “real estate” market must be red hot...isn’t that how Obama made a lot of money as well? And Hillary Clinton too?
The miracle of compounding interest.
Puerto Rico seems to be where the money is these days.
Anyone want to bet that his name is one of the names where taxpayer money was given to the accuser?
Nah. House flipping in an inflated market.
Chopping up pig innards? He’s haram, there goes the muslim vote.
CC
He hopes the new place will become the Puerto Rican Mar al Lago. A few posts down is an article about his 2020 presidential aspirations.
Consider the irony in that Guitierrez used to participate in demonstrations waving the red flag of the former Soviet Union. Now, despite his leftist rhetoric, he is a capitalist pig in his private life.
Years ago, “America’s Most Wanted” aired a segment on the FALN terrorists and the file footage included a young Guitierrez (with a full head of hair styled like an Afro and a mustache) marching in a demonstration waving the red flag and shouting.
Tell me about it, looking at his bio how the hell is he worth $4 million NOT including this lastest home when the most money he’s ever made is $174K per year?? That’s about $110K after taxes and that is the MOST he’s made at present, it’s not counting the lower amounts he made in the past years when he was a taxi driver and then in the city council. Even if he made $110k a year for the past 40 years, it would take him 36 years to save up $4 million and that’s if he didn’t spend a single dime.
This is BS how these mofos become multi-millionaires and nobody questions it. “For years, Gutierrez invested heavily in Chicago’s residential real estate market, moving repeatedly as he made hundreds of thousands of dollars buying and selling homes in the city”...Usually when someone buys real estate they have to wait a pretty damn long time before they sell at a substantial profit and this guy is “moving repeatedly” and selling at such a great profit he’s now worth over $4 million? Wow! I gotta try that! Buy a house for a million with a huge mortgage and then immediately sell it for a huge profit. Wow he must be one hell of a salesman.
https://en.wikipedia.org/wiki/Luis_Guti%C3%A9rrez
More like the miracle of compound women, His plan for departure is too quick. He is going to have a few sex complaints coming at him. He sees the writing on the wall.
Didn’t Congress pass an Insider Trading bill to stop them insider trading , Oh wait ,they repealed it shortly after when no one was looking
I remember when he first got elected and 60 minutes did a segment on him and how he was fighting against the establishment House Democrats. Obviously he gave himself over to the dark side of the force.
The blessing is these people, THE LEFT, believe the majority of Americans think like them, like this dirt bag, that arrogance is on full display...they haven’t a clue that he is an extremist, commie, to most people. Yee ha!
25 years in Congress = 1.3 to 2.9 million net worth with a million dollar home in PR and a 70,000 a year pension. Not bad.
Wasn’t he a cab driver before coming to Congress?
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