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
How dare you question the Honorable Congressman’s thrift? He has a shrewd eye for investment. Or, as we say in Chicago: “I seen my opportunities ‘n’ I took ‘em.”
It’s expected fer a man to have his duke inna tambourine... just don’t get caught.