for the record - i'm not with these guys. i like elizabeth warren.
The Peruvian Fauxcahontas!
Why?
https://townhall.com/tipsheet/mattvespa/2015/06/03/elizabeth-warren-house-flipper-n2004731Last week, Eliana Johnson and Jillian Kay Melchior at National Review uncovered something interesting about Sen. Elizabeth Warren (D-MA); she made tens of thousands of dollars flipping houses. Yet, she wrote in her 2014 autobiography, “everyone seemed to have a story about someone they knew who was getting rich by flipping houses” when touching upon the events leading up to the 2008 financial meltdown. She apparently omitted her flipping houses prowess that is shown pervasively on HGTV [emphasis mine]:
Nearly two years after Veo Vessels died, her daughter, 70-year-old Mary Frances Hickman, decided to sell the home her mother had left to her. A sprawling brick house in Oklahoma City’s historic Highland Park neighborhood, it was built in 1924, just a year after Mary’s birth. Decades later, one of Vessels’ great-grandchildren fondly recalls the wood and tile floors, the fish pond, the butler’s quarters, and the multi-car garage where children played house.
“It was really, really nice,” says Hickman’s granddaughter, Andrea Martin. That’s part of the reason she’s so surprised her grandmother sold the home in 1993 for a mere $30,000. Despite a debilitating stroke, Martin says Hickman remained sharp, and she had always been business-savvy. As an Avon saleswoman, she had at times ranked among the top ten in the country. “So I don’t know why,” Martin says. “Maybe she just wanted out from underneath it, but to sell it for such a low number — I don’t know. Maybe she got bad advice, maybe she was just tired.” The home’s new owner: Elizabeth Warren, today a Massachusetts senator who has built a political career on denouncing the sort of banking titans and financial sophisticates who make a buck off the little guy. Five months after purchasing Veo Vessels’ old home, Warren flipped the property, selling it for $115,000 more than she’d paid, according to Oklahoma County Property Assessor records.
…
Warren rose to political prominence in the wake of the 2008 financial crisis as a crusader against big banks and a dispenser of common-sense economic advice. She campaigned for the creation of the Consumer Financial Protection Bureau, intended to shield people from the predations of the mortgage and credit-card industries, among others. In her 2006 book All Your Worth, co-authored with her daughter, Amelia, Warren lists as a top myth the idea that “you can make big money buying houses and flipping them quickly.” She has made a career out of telling people how to behave in financially responsible ways, and out of creating laws that will make it illegal for them to do otherwise.
But Warren bought and sold at least five properties for profit at a different time in her life, before the cratering economy and a political career made her a star.
