Jeff Smith 12:15 p.m., April 24
McCains Have Eight to Eleven Homes -- Two in Coronado, One in La Jolla, Says Blog
Presumptive presidential candidate John McCain doesn't know how many homes he and his wife own, but Talking Points Memo, a popular blog, says it has it figured: eight to eleven. That includes only homes that they live in; it does not include investment properties. Two vacation condos in Coronado are worth a total of $4.7 million, says Talking Points. A home in La Jolla, where Cindy McCain's aunt reportedly lives, was once delinquent on property taxes. The reason that Talking Points says the total is eight to eleven is that there are several homes at one location (others are for guests, servants, etc.) The value of the homes is $13 million, says Talking Points. John McCain, when asked recently how many homes his family had, said he would have to go to his assistants to find out. McCain's presumptive opponent, Barack Obama, is tweaking the Republican over remarks made last Saturday. Both were asked the definition of "rich." Obama said that an income of $250,000 would qualify. McCain said, "If you're just talking about income, how about $5 million?" His handlers says he was joking, but Obama doesn't see it that way, particularly since Cindy McCain reported $6 million in income in 2006. Fewer than one-tenth of one percent of Americans have an income of $5 million or more.