Wednesday, January 23, 2008
Housing slump affects Gary's bottom line
The curious have gone to open house at Rep. Gary Ackerman’s $1.3 million 1935 English Tudor home in Queens’ tony Jamaica Estates. Having bought the place 20 years ago from a Republican judge, the Democrat lawmaker and his wife, Rita, a clinical social worker, will join the empty nesters trend, looking for smaller quarters after seeing their three children off.
Congressman's having problems selling his house, too
The couple could have sold their four-bedroom house for a lot more during the height of the market, but shucks -- Ackerman wasn’t sure his youngest, Ari, didn’t need to fly back into the four-bedroom home. This has left the 13-term congressman in the same position as Joe Schmoe house seller, lowering his price -- by a fifth of a million bucks in this case -- because his home’s been on the market for more than three months.