House Speaker Nancy Pelosi just moved into new offices at a whopping price tag of nearly $19,000 a month. Nice deal for the Realtor. Bad deal for us the taxpayers who are funding her extravagence.
It turns out that this is more than double the next highest monthly rent for a Member of Congress. Her old space was "inadequate" but a bargain at almost one-fifth of the new price at a mere $4,300. The new space is just over 3,000 square feet and one-third larger than the previous office.
Of course, her staff has a comeback for the opulence. They say they needed the larger space and that it will save taxpayers money because of its energy efficiency. How many years do you suppose it will take to do that? What is the recapture rate?
Members of Congress should have the meagerest of accommodations - a small storefront in a strip center. Nothing fancy. The Members of Congress are hardly ever there anyway. All they need is just enough space for someone to answer a phone, check the email, and receive the faxes. Their main staff is in Washington.
Besides, any Realtor who would rent the space to a Member of Congress - regardless of who they are - for more than 2 years would be taking a huge risk. This year it's especially risky. What will they do with that space when she loses or when she is no longer Speaker?
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Steve Hoffacker - Consultant, Coach, Author, Blogger, Photographer, Motivator, Teacher, & Strategist - for Realtors, Real Estate Sales Professionals, Home Builders, New Home Salespeople, Entreprenuers, Small Business Owners, and Independent Sales Representatives.
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