The North County Times on Aqua-Duke …
What’s more, Cunningham since April 2004 has been living on Wade’s yacht in Washington. The congressman said that in lieu of rent, he paid more than $8,000 in dock fees and $5,000 for upkeep on Wade’s boat.
We can set aside the dock fees, because Cunningham rented space for his own boat at the Potomac River marina for years before he moved into Wade’s boat. According to Cunningham’s accounting, that $5,000 over the last 14 months amounts to $357 a month.
Unless we are missing something, this looks like a sweetheart deal, with Cunningham paying far less than market rent, to say nothing of the true maintenance and depreciation costs of a fancy boat.
$357. At least it’s fair market <$NoAd$> value.
