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Gov. Perry: Real Estate Genius

Discussion in 'BBS Hangout: Debate & Discussion' started by rimrocker, Jul 30, 2010.

  1. rimrocker

    rimrocker Contributing Member

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    Or, maybe just crooked...

     
  2. rimrocker

    rimrocker Contributing Member

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  3. Deckard

    Deckard Blade Runner
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    This is a very long article in that liberal rag, The Dallas Morning News, about a story that has actually been out a long time. The problem has been that Texans simply haven't been paying attention. Here's hoping that they do this time around. Past time to boot Perry out on his rear. What I've shown here is only a part of the exposé.

    Murky land deals mark Gov. Rick Perry's past

    09:15 PM CDT on Sunday, July 25, 2010
    By JAMES DREW, STEVE McGONIGLE and RYAN McNEILL / The Dallas Morning News

    Three years after Gov. Rick Perry's biggest real estate score, questions persist about whether the governor benefited from favoritism, backroom dealing and influence-buying.

    The Dallas Morning News found evidence that Perry's investment was enhanced by a series of professional courtesies and personal favors from friends, campaign donors and the head of a Texas family with a rich history of political power-brokering.
    Together they may have enriched Perry by almost $500,000, according to an independent real estate appraisal commissioned by The News.

    The governor's staff insists these were routine, legal deals that were properly handled. They point to a bank's appraisal, done when Perry sold his land in 2007, that said the buyer was paying Perry slightly less than market value.

    Experts hired by The News dismissed that appraisal as "unsupported" and said it did not meet professional standards. County tax appraisals at the time also indicated that the governor was able to buy the land below market value and sell far above it.

    Perry, in a brief interview last week, said every land transaction he has made while in office "has been open and honest, and at arm's length," and disclosed in public records.

    "So I would just have folks take a look at the record, and I think the record pretty much speaks for itself," Perry said. "Being open and being honest and being at arm's length is what people expect every day."

    At the center of the dispute is a gently sloping, half-acre grassy lot on the shore of Lake Lyndon B. Johnson in the Texas Hill Country resort of Horseshoe Bay. The resort is owned by Doug Jaffe, whose family has long, deep and sometimes controversial ties to Texas politics.

    Jaffe's company had sold the parcel to state Sen. Troy Fraser, R-Horseshoe Bay, a friend and political ally of Perry's. Fraser sold the lot to Perry for just above $300,000.

    An appraiser hired by The News determined that the land actually was worth $450,000 when Perry bought it.

    Perry sold the property in 2007 to Alan Moffatt, a British national who is a business partner and close associate of Jaffe's.

    Moffatt, as the owner of an aviation firm, was questioned, but never prosecuted, for his company's international arms shipments to Africa in the 1990s.

    He paid Perry $1.15 million for the parcel. The News' appraiser, who has decades of experience in Horseshoe Bay real estate, found that price to be $350,000 above market value.

    Moffatt denied that anything improper occurred in the transaction. "It just happened that the governor of Texas owned that lot," he said. "It was a good deal for me."

    If Perry was deemed to have received any gifts, he would, as a state officeholder, have been required to disclose them. He did not do so.

    Perry has portrayed himself as one of the most financially transparent governors in Texas history, and has attacked Democratic nominee Bill White for not releasing all tax returns.

    Republican Perry, running for re-election to a record third four-year term, has been criticized by political opponents, including GOP Sen. Kay Bailey Hutchison, for enriching himself via land deals while in office.

    The head of a nonpartisan, nonprofit organization that promotes transparency in government said Perry's Horseshoe Bay transactions look questionable.

    "The man on the street on this would think that this is a series of deals that smell of special favors being created for elected officials to curry their favor," said Ellen Miller, executive director of the Sunlight Foundation in Washington, D.C.

    The Perry deal was hardly the first time the Jaffe family has operated among shadowy businessmen and influential officeholders.

    For the Jaffes, it has been a way of life.


    TIMELINE

    June 12, 2000: Norman Hurd sells his 10-acre family estate on Lake LBJ, renamed The Peninsula, to Horseshoe Bay Resort Inc., owned by Doug Jaffe.

    Sept. 19, 2000: Sen. Troy Fraser, R-Horseshoe Bay, buys two newly subdivided Peninsula lots from Horseshoe Bay Resort for $1 million.

    Feb. 28, 2001: Gov. Rick Perry purchases a half-acre Peninsula lot from Fraser, a longtime friend, for $300,000 plus $10,762 in interest.

    Nov. 30, 2001: Perry, through attorney Colleen McHugh, chairwoman of the Texas Public Safety Commission, appeals the tax appraisal on his Peninsula lot.

    Dec. 14, 2001: Stan Hemphill, chief appraiser for the Burnet CAD, agrees to lower the assessment on Perry's Peninsula lot from $414,700 to $310,762.

    April-May 2005: After talking with Ron Mitchell, the resort vice chairman, Perry lists his Peninsula lot for sale with Horseshoe Bay Resort Realty for about $1.2 million. He pulls the listing after about five months without receiving any offers.

    Jan. 1, 2007: The Burnet CAD raises the appraisal on Perry's Peninsula lot to $600,000.

    March 30, 2007: Responding to an offer conveyed through Mitchell, Perry sells his lot to Alan Moffatt for $1.15 million. Horseshoe Bay Resort Realty does not charge a commission.

    Nov. 28, 2007: Moffatt lists The Peninsula lot with Horseshoe Bay Resort Realty for $2.35 million.

    Feb. 9, 2009: Perry appoints Mitchell to the Texas State University System Board of Regents.

    May 29, 2009: Moffatt lowers his asking price on the Peninsula lot to $1.95 million.

    July 2010: Moffatt reduces the listed price to $1.65 million.


    http://www.dallasnews.com/sharedcontent/dws/dn/latestnews/stories/072510dnproperryland.4474e5d.html
     
  4. MoonDogg

    MoonDogg Member

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  5. A_3PO

    A_3PO Member

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    If Texans are stupid enough to re-elect Rick Perry in spite of a legit challenger, they deserve him. What a pathetic loser!
     
  6. Bandwagoner

    Bandwagoner Contributing Member

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    I'd love to see Bill White do it but frankly he just doesn't have the hair. We will have a female president and a president of every race before we have a bald president.

    So I think democrats should just decide which of the republicans they hate the least then attack the other guy(gal)
     
  7. rocketsjudoka

    rocketsjudoka Contributing Member
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    Ike disagrees.

    [​IMG]
     
  8. Bandwagoner

    Bandwagoner Contributing Member

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  9. Bandwagoner

    Bandwagoner Contributing Member

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    Plus, Ike had a hat.

    [​IMG]



    and his dollar clearly has hair

    [​IMG]
     
  10. Invisible Fan

    Invisible Fan Contributing Member

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    I'm not familiar with the details, but aren't these real estate schemes like the Rezco deal Obama got or Clintons with Whitewater?
     
  11. Lil Pun

    Lil Pun Contributing Member

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    Don't forget about facial hair. We haven't had a president with facial hair since Taft I believe.
     
  12. Rashmon

    Rashmon Contributing Member

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    Does Barbara Bush count?
     
  13. basso

    basso Contributing Member
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    I'll see your Murky land deals, and raise you a Queen
    [​IMG]

    and a Fresh Prince
    [​IMG]

    [​IMG]

    [​IMG]
     
  14. geeimsobored

    geeimsobored Contributing Member

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    WTF do Hillary Clinton and President Obama have anything to do with the Texas Governor's race?
     
  15. Mulder

    Mulder Contributing Member

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    FTFY.
     
  16. Bandwagoner

    Bandwagoner Contributing Member

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    Thread is about real estate scandal. Clintons were involved in whitewater controversy.
     
  17. Cohete Rojo

    Cohete Rojo Contributing Member

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    What does paddling downstream in a dingy have to do with bald Texas presidents?
     
  18. Bandwagoner

    Bandwagoner Contributing Member

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    I cannot argue with your logic.
     
  19. Rashmon

    Rashmon Contributing Member

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    I just have to say, the preceding exchange between CaseyH and Cohete Rojo is an inspiring example of how gentlemen debate.
     
  20. rocketsjudoka

    rocketsjudoka Contributing Member
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    Gerry Ford?

    [​IMG]
     

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