GOoPer congressman going down, down, down
by kos
Sun Jun 12, 2005 at 10:39:55 PM PDT
Mitchell Wade bought the San Diego Republican's house for $1,675,000 in November 2003 and put it back on the market almost immediately for roughly the same price. But the Del Mar house languished unsold and vacant for 261 days before selling for $975,000.
Meanwhile, Cunningham used the proceeds of the $1,675,000 sale to buy a $2.55 million house in Rancho Santa Fe. And Wade, who had been suffering through a flat period in winning Pentagon contracts, was on a tear - reeling in tens of millions of dollars in defense and intelligence-related contracts.
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