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is this the real estate bubble?



http://www.nctimes.com/articles/2005/06/13/news/politics/61205200842.txt


Cunningham home sale to defense contractor to raises questions


By: Wire Reports -

SAN DIEGO - A defense contractor bought Rep. Randy "Duke" Cunningham's
Del Mar home in November 2003 and sold it nearly nine months later at a
$700,000 loss, it was reported today.

At the time, the Republican congressman was supporting Mitchell Wade
and his firm MZM Inc. in efforts to win Pentagon contracts, The San
Diego Union- Tribune reported.



 -- Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu



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