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LaTourette Hit by the Housing Crisis, About to Be Hit By Bill O’Neill

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The housing crisis is hurting one of our own. Northeast Ohioans impacted by deflated property values, foreclosures, and a collapsing real estate market can certainly share the anxiety and frustration that Congressman Steve LaTourette and his wife Jennifer share today. According to┬áThe Plain Dealer, their plain, old, former home in Alexandria, Virginia is just sitting there on the market for $1,195,000 – down from the original purchase price of $1,240,000.

Time to brown bag it for lunch and take the Metro to the office? Nah. The latest Mrs. LaTourette and her husband bought a six-bedroom house in a much more upscale neighborhood of D.C. for a cool $1.3 million.

Two mortgages totaling $2.5 million?
Nah, Washington doesn’t change people.

Speaking of change, Judge Bill O’Neill is formally kicking off his campaign to finally send LaTourette back home (but with two pricey DC houses, I think Washington is home even after his defeat). O’Neill be announcing at a rally on Saturday afternoon at 1PM at the end of the RTA Blue Line – Warrensville Center and Chagrin in Shaker Hts.