Let Them Eat Cake

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.

© Steve Hoffacker, 2010. All Rights Reserved.

Comments

I am so looking forward to her losing her next election. 

Posted by Michael Delaware, CRS, e-Pro (Troxel Realty Co. LLC) almost 2 years ago

Home office?  My representative just has a very small office, but he also returns phone calls.  Speaker Pelosi hasn't called me back yet.

Posted by Tammy Lankford/Broker Lane Realty Lake Sinclair-Central GA almost 2 years ago

Michael,

Can that really happen? At least she can lose the Speakership. :)

Steve

Posted by Steve Hoffacker - Sales Trainer/Coach, Sales Books Author, Photographer (Hoffacker Associates LLC) almost 2 years ago

Tammy,

Why can't we prescribe what Representatives get to spend? They set their own budgets, and this is "in her budget." Incredible! :)

Steve

Posted by Steve Hoffacker - Sales Trainer/Coach, Sales Books Author, Photographer (Hoffacker Associates LLC) almost 2 years ago

When are Americans going to rise up and show Nancy Pelosi that she is not a queen?

Posted by Nicholas Goglucci, The Listing Whisperer (South Florida Real Estate & Development, Inc.) almost 2 years ago

Only San Francisco gets to vote for or against her.  She's a queen for life.  Steve is correct however, she hopefully will lose her speaker ship in November.

We're so screwed here in Mexifornia.  We're a friggin poster child for a failed socialist state. 

Posted by Will Handley (Progressive Inspection Service) almost 2 years ago

Nick,

I don't know how we get through to her - remember she's the one who needed health care passed to know what was in the bill. :)

Steve

Posted by Steve Hoffacker - Sales Trainer/Coach, Sales Books Author, Photographer (Hoffacker Associates LLC) almost 2 years ago

Will,

I don't see her ever losing in her ultra liberal district. Maybe redistricting will expand her district. :)

Steve

Posted by Steve Hoffacker - Sales Trainer/Coach, Sales Books Author, Photographer (Hoffacker Associates LLC) almost 2 years ago

Steve,
There is plenty of blame to go around on both side of the isle so point you finger at all of them.    A poll was taken some years ago in Japan and 40 percent of the people polled said that their government work mainly for themselves, and only 7 percent work for the country.  Could it be any different here in this country, I think not.

Posted by 'Dee' Mayers,REALTOR® — San Gabriel Valley, CA (Century 21 Americana) almost 2 years ago

Steve,

The only thing John Edwards had right...there really is two Americas. Pelosi is in one, and we're in the other.

Rich

Posted by Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate (Long and Foster® Real Estate, Inc.) almost 2 years ago

Steve,

There is the office, in San Francisco?

And this would be the case where I would rather say "heck with energy efficiency". Let her not stay there until she recoups the expenses (LOL)

Posted by Jon Zolsky, Daytona Beach, FL. FunCoast Realty, 386-405-4408 almost 2 years ago

I have a plan (that will never be enacted) that would make this kind of crap NEVER happen again. 

Bottom line is that if she thinks it is so needed, SHE should pay for it.

Posted by Lane Bailey - REALTOR & Car Guy (Century 21 Results Realty) almost 2 years ago

Dee,

Nearly all of them are in it for themselves. That's why we're pushing to "vote them out." Won't happen, but a nice idea. :)

Steve

Posted by Steve Hoffacker - Sales Trainer/Coach, Sales Books Author, Photographer (Hoffacker Associates LLC) almost 2 years ago

Rich,

She and her colleagues. :)

Steve

Posted by Steve Hoffacker - Sales Trainer/Coach, Sales Books Author, Photographer (Hoffacker Associates LLC) almost 2 years ago

Steve, I heard bits and pieces of this today but didn't realize this is what they were talking about.  What next?  Oh I have an idea cap and trade UGH!!

Posted by Marchel Peterson Spring TX Real Estate E-Pro (Results Realty) almost 2 years ago

You know somehow her name isn't on that lease. She wouldn't dare take responsibility for it. Wouldn't want to get kicked out if she loses her job like every home owner who has lost their job has been in the last 2 years.

Posted by Todd Clark (Broker) (503)524-9494 (Beaverton, Oregon Real Estate Expert) (Knipe Realty) almost 2 years ago

...and I'll bet she is NEVER there.  The office is a "show place" for her staff for them to meet with and AWE her voters and supporters!!!

Posted by Wallace S. Gibson CPM * LandlordWhisperer (Gibson Management Group, Ltd.) almost 2 years ago

Nancy Pelosi...when she goes America is on its way back. Of course she will have to take a bunch of her co-conspirators with her!

Posted by Gary L Waters PLLC- Broker Associate Realtor® Melbourne Viera Rockledge FL (Century 21 Baytree Realty, 1211 Admiralty Blvd, Rockledge) almost 2 years ago

Steve - each representative and senator should be allowed the same amount of taxpayer paid budget for a home office, and it should not be extravagent. Of course those from San Francisco or New York would complain that it costs more there than in, say, Little Rock. But then again, they give people in New York the same social security benefits as in Little Rock.

Posted by Mike Saunders (Lanier Partners) almost 2 years ago

Jon,

I don't think it's realistic to assume that this is a cost-saving measure. Only an out-of-control ego. :)

Steve

Posted by Steve Hoffacker - Sales Trainer/Coach, Sales Books Author, Photographer (Hoffacker Associates LLC) almost 2 years ago

Lane,

Hear, hear! Absolutely. :)

Steve

Posted by Steve Hoffacker - Sales Trainer/Coach, Sales Books Author, Photographer (Hoffacker Associates LLC) almost 2 years ago

Marchel,

They work for us but they call all the shots and we can't do a thing about it. :)

Steve

Posted by Steve Hoffacker - Sales Trainer/Coach, Sales Books Author, Photographer (Hoffacker Associates LLC) almost 2 years ago

Todd,

That's a good point. Wonder how it's structured. :)

Steve

Posted by Steve Hoffacker - Sales Trainer/Coach, Sales Books Author, Photographer (Hoffacker Associates LLC) almost 2 years ago

Wallace,

Agreed. That's why it's all the more aggravating. :)

Steve

Posted by Steve Hoffacker - Sales Trainer/Coach, Sales Books Author, Photographer (Hoffacker Associates LLC) almost 2 years ago

Gary,

That's a day historians can record as an important date. :)

Steve

Posted by Steve Hoffacker - Sales Trainer/Coach, Sales Books Author, Photographer (Hoffacker Associates LLC) almost 2 years ago

Mike,

I agree. :)

Steve

Posted by Steve Hoffacker - Sales Trainer/Coach, Sales Books Author, Photographer (Hoffacker Associates LLC) almost 2 years ago

She must be pretty optimistic about winning her election.  You don't make that kind of move without having a healthy ego.  I hope I am in a postions to say "Oh how the mighty have fallen".

Posted by Lois Davies, Cape Coral & SW Florida (Century 21 Birchwood Realty, Inc.) almost 2 years ago

Lois,

I think she is pretty much unstoppable except to boot her from the Speaker's chair. :)

Steve

Posted by Steve Hoffacker - Sales Trainer/Coach, Sales Books Author, Photographer (Hoffacker Associates LLC) almost 2 years ago

Steve...I thought that I had heard something about this.  I need to make a couple phone calls!!!

Posted by Vern Eaton /Realtor 651-630-6995 (WHISPERING PINES REALTY) almost 2 years ago

Vern,

Do you have the power to cancel her lease? That would be great. :)

Steve

Posted by Steve Hoffacker - Sales Trainer/Coach, Sales Books Author, Photographer (Hoffacker Associates LLC) almost 2 years ago

I still think we should give all of the Congress Critters a set budget and let them run their offices from it.  They can keep what is left...  I think they'd be less generous with "their" money then. 

Posted by Lane Bailey - REALTOR & Car Guy (Century 21 Results Realty) almost 2 years ago

Steve,
Vote them out and replace them with whom, another set of power abusers?  I keep saying we need change, but change from a higher source that will come I might add!  One that will satisfy all the people all the time.

Posted by 'Dee' Mayers,REALTOR® — San Gabriel Valley, CA (Century 21 Americana) almost 2 years ago

Lane,

Good idea. Let's say they get to keep half of what they don't spend - might spend even less. :)

Steve

Posted by Steve Hoffacker - Sales Trainer/Coach, Sales Books Author, Photographer (Hoffacker Associates LLC) almost 2 years ago

Dee,

There are people who do understand what needs to be done, and I am encouraged by a new crop of condidates. :)

Steve

Posted by Steve Hoffacker - Sales Trainer/Coach, Sales Books Author, Photographer (Hoffacker Associates LLC) almost 2 years ago

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