Lets go to fact check and get our stories straight. Obamas and Mrs Resko both bought seperate lots. Obamas wanted to extend their lot by 10 ft. They purchased the strip for $104,500 and it was only valued at about $40,000. There was no favor to Obamas here. Mrs Resko later sold the balance. Mrs Resko later sold the balance of the lot for $575,000 with a net profit of $54,500 to another party. Obamas ended up
overpaying oveoverpaying for
Rezko Reality
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What About That Obama Ad?
As we mentioned, McCain's ad was prompted by an Obama attack ad released earlier in the day. In that TV spot, Obama criticizes McCain for not knowing just how many houses he owns. The answer depends on what you count as a McCain-owned home. We're going with our colleagues at PolitiFact.com, who decided that the McCain total is eight.
Republished with permission from factcheck.org.
Sources
Gibson, David Jackson and Ray. "Rezko Sells Lot Next to Obama." 24 February 2007. Chicago Tribune. 22 August 2008.
Novak, Tim. "Obama's Letters for Rezko." 13 June 2007. The Chicago Sun-Times. 22 August 2008.
"Press Release: Mayor Daley Opens Cottage View Terrace." 9 February 2002. City of Chicago: Mayor's Office. 22 August 2008.
PolitiFact.com. "Statement: John McCain Has Seven Houses." 20 August 2008. PolitiFact.com. 22 August 2008.
Sun-Times Staff. "Complete Transcript of the Sun-Times Interview with Barack Obama." 15 March 2008. The Chicago Sun-Times. 22 August 2008.
with D'Angelo Gore
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