Sponsored Content
« Quick Hits: Never Bring a Knife to a Gun Range Robbery Edition | Main | Quarantine Cafe: Make No Mistake, the GOP Has a Bat Problem Edition »
May 07, 2021

LOL: Kevin McCarthy's Idea of "Fair Market Value:" He Paid $1,500 For a Room in a 12 Bedroom Mansion

As I think Joe Mannix said, it's hard to say what "fair market value" is for a room in a mansion (and full access to all its amenities) because there is no market for such a thing. People who own mansions do not rent out rooms to people, and people who rent rooms do not rent them in mansions.

But I'll tell you what "fair market value" for a large room in a mansion is not: It's not fifteen hundred dollars per month.

It's a 7,000-square-foot space -- a combination of four penthouse apartments -- with what appear to be homeowner’s association (HOA) fees of nearly $5,000 per month.

In August and September of 2018, Luntz purchased four adjoining penthouse units in the Clara Barton building in Penn Quarter for a total of almost $4.3 million. Combined, the units totaled 6,960 square feet and had 12 bedrooms, 12 full bathrooms and four half-baths. The HOA fees alone on the units are $4,976 per month, according to Redfin.com.

The three-level units, each 1,740 square feet, are:

1146 -- $1,050,000 purchase price, three bedrooms, 3.5 bathrooms, HOA dues $1,244 a month

1147 -- $1,080,000, three bedrooms, 3.5 bathrooms, HOA dues $1,244 a month

1148 -- $1,080,000 three bedrooms, 3.5 bathrooms, HOA dues $1,244 a month

1149 -- $1,080,000, three bedrooms, 3.5 bathrooms, HOA dues $1,244 a month


Besides the "room" he rented, McCarthy would have had access to a 24/7 concierge, a rooftop pool, a fitness center, a media room, a business center, and a party room with a bar and pool table.

Some pictures of one of the units here at Redfin.

Now multiply that in your head by four.


Given that this was really four units combined together into a pseudomansion, I imagine that McCarthy usually had full access to an entire million-dollar-plus "wing" of the estate.

A nice apartment in that neighborhood routinely costs $5,000 or more per month-- and that's not a four-apartment-joined-together-as-an-ultrapenthouse situation.

"Make no mistake, the GOP has a grassroots problem." -- David French, taking a break from anti-Christian propaganda to argue that the grassroots isn't properly deferential to the grifter/elite class

29 This is standard though.

When a politician flies on private jet, they declare the value as the price of a seat on a commercial flight.

It is not fair market value of the thing they receive, but fair market value of the alternative. Bullshit? yes, but also common.
Posted by: Gentlemen, this is junta manifest

Yeah but you cannot even get a room in DC proper for $1500, unless it's like a shared room in a youth hostel.

digg this
posted by Ace at 06:57 PM

| Access Comments

Recent Comments
fd: "Jane, stop this crazy thing. ..."

JamesIcown: "dark web market list dark web market list ..."

OrangeEnt: "Amazon will let you publish just about any length. ..."

bill in arkansas, not gonna comply with nuttin, waiting for the 0300 knock on the door : "I just got back from some pre 102 degree days erra ..."

Count de Monet: "Now hear this. The levity lamp is lit. ..."

Pork Chops & Bacons: "464 >>God knows we could all use more laughs. ..."

Anti doesn't matter : "The Son of the Son of KILLDOZER. Posted by: garre ..."

Williamdouct: "onion market darknet market list ..."

garrett: ">>God knows we could all use more laughs. For ..."

Hairyback Guy: "And now for something completely different, dad tr ..."

Secret Squirrel, author of the military SCI FI series Outward Frontier on AMAZON: " Posted by: LenNeal at July 03, 2022 11:47 AM (43 ..."

garrett: ">>And now for something completely different, dad ..."

Recent Entries

Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64