How Did CA Gov. Gavin Newsom Buy a $9.1 Million Home on a Public Servant Salary?

Public Servant Gavin Newsom’s rise in California politics and acquired power since the 1990s has been through the knavery of family and influential friends.

If you ever doubted that politics is made up of the elite class who see themselves as the ruling class, doubt no more: Governor Gavin Newsom and the “First Partner” (his wife) just purchased a $9.1 million home in Marin County.

The “mansion” is 5,600 square feet, with Newsoms paying 7 percent above the asking price.

Do you know how much income it takes to purchase a $9 million home?

You would need to make an annual income of nearly $2 Million to qualify for a $9 million dollar house if purchased on a 30-year mortgage. The monthly payments would be $56,464.75 …each month at today’s current interest rates.

But if you bought it for cash, it is likely you are either a rock star or professional athlete, or a very successful hedge fund manager, or movie producer or drug dealer – and not a public servant politician.

The governor earns $203,939.40 from the State of California, and receives $95,063.16 in “benefits,” Transparent California reports.

Newsom has held public office since 1996, when San Francisco mayor Willie Brown appointed him to the city’s Parking and Traffic Commission… 28 years  Newsom has been a “public servant.”

The annual property tax on the new Marin property is over $117,000 a year – approximately 1% of total value of property. But that probably doesn’t matter to Newsom – As Jennifer Van Laar reported in 2020, Newsom had “chronically delinquent property taxes in both Marin and Sacramento counties: Newsom’s delinquent on more than $20,000 in property taxes for his Kentfield estate (which was last listed for $5.9 million) according to the Marin County Department of Finance’s website.”

Threats of hefty penalties for late property tax payments are for the hoi polloi, lower class, proletariat common folk.

This truly is a deja vu. Because in 2018-2019, an LLC registered to Newsom’s cousin, biz partner, and Co-President of PlumpJack, Jeremy Scherer, paid for $3.7 million cash for a Fair Oaks estate, December 2018. In Oct 2019 the LLC “gifted” the home to the Newsoms free and clear, claiming Newsom was a member of the LLC to avoid a $4,000 Transfer Tax.

In January 2020 the Newsoms received $2.7 million tax-free when they obtained a cash-out refinance, Jen Van Laar reported at Redstate.

Since the Newsoms didn’t buy their 12,000-square-foot $3.7 million in Fair Oaks (Sacramento), they probably have a little left over from the $5.9 million sale of their Marin home, the Globe reported… except according to Van Laar, that home was mortgaged to the hilt. And, Newsom’s financial disclosure forms don’t mention the LLC or the gifts, which far exceed the $500 limit…

Stunning that this was done under the nose of California’s Fair Political Practices Commission (FPPC), who regularly investigate and fine politicians for ethics and campaign violations, and whose mission says it “regulates campaign financing, conflicts of interest, lobbying, and governmental ethics. The Commission’s objectives are to ensure that public officials act in a fair and unbiased manner in the governmental decision-making process, to promote transparency in government, and to foster public trust in the political system.”

Except for Democrat politicians?

Is it any wonder Newsom is under such criticism for running in elite circles? But he doesn’t care. He and the First Partner will move into the Marin estate and live the lifestyle unto which they have become accustomed and entitled.

As the Globe reported at the same time in 2020 in the midst of the Covid flu, about Newsom:

“America’s political elite who deem themselves royalty, and live accordingly, are the same politicians who have been keeping their citizens in states under total lockdown for the purpose of destroying the economy, they mandate the wearing of face masks which they themselves do not wear, they prohibit travel to second homes and family cabins while traveling themselves, are keeping schools locked down, and attend funerals while our dead cannot be mourned in a service, and they are thwarting the use of hydroxychloroquine – a known prophylaxis (prevention) to coronavirus, and a successful cure… all to try to force President Donald Trump out of office one way or another.”

The Newsoms will retain the six-bedroom Fair Oaks home $3.7 million, where he will spend several nights a week with his wife, Jennifer Siebel Newsom, news.meaww.com reported.

So the Newsoms now have two multi-multi-million dollar homes, which appear to not actually belong to them. And if they don’t, who owns them? Who is investing so heavily in Gavin Newsom? Who is providing this Lifestyle for the Rich and Famous to the Newsoms, and what do they expect in return?

This is one way to make investments (campaign contributions) to a future presidential candidate.

Newsom’s new $9M pad was purchased through another Limited Liability Corporation – he never has to dirty his hands in a real estate deal, other than to borrow from it, as they did in January 2020 when the Newsoms received $2.7 million tax-free for a cash-out refinance.

This is the California Governor who believes he is entitled to the United States Presidency, but he’s just another privileged San Francisco Bay Area elite “who inherited a California paradise and turned it into purgatory,” says Victor Davis Hanson.

As I frequently remind Californians, Here is a partial list of what Gavin Newsom has been up to since being elected governor in 2019 – his real record, which has forced many Californians to make decisions between food and rent, car payments and clothing for the kids – never mind vacations or a new car. Or they had to leave the state in search of a more affordable location.

Gov. Gavin Newsom:

Doubled the drug-addicted vagrant “homeless” population living on California’s streets while spending $24Million on them – no telling where that money went.

Created a housing shortage – doubling down on forcing cities and small towns to comply with his order to build “affordable housing.”

Wasted two of the wettest years in recent California history by sending the abundant water flowing out to the Pacific Ocean for “environmental” purposes, rather than using for agricultural irrigation and storing the rest for a dry year.

Cut water off to rural areas in the state.

Limited water deliveries to farmers and ranchers.

Spent millions of Proposition 1 funding designated for dam/reservoir construction for additional water storage, and instead helped demolish four dams on the Klamath River, destroying hydroelectric power and beautiful lakes.  “The Klamath dam removals are a shining example of what we can accomplish when we act according to our values,” said Newsom in a letter to Warren Buffet asking for his backing.

Approved spending $1 Billion of taxpayers funds on masks from Chinese company BYD during Covid, rather than an American manufacturer.

Raised the minimum wage to $20.00 per hour, so high, fast food owners and restaurant owners are forced to lay off employees and close restaurants.

Passed policies and regulations killing manufacturing.

Passed policies bolstering a service economy (rather than high-paying manufacturing jobs).

Limited energy production to renewable energy only – solar and wind.

Limited gas and oil production creating a shortage, forcing people out of their cars and on to public transportation.

Is responsible for the highest gas prices and gas taxes in the nation.

Ordered all internal combustion cars banned by 2035.

Mandated an all-electric state, including autos and trucks, and all-electric homes and commercial buildings in new construction.

Signed a bill to install thousands of floating offshore wind turbines at a cost of $150 billion.

Legalized drugs.

Legalized sex with minors (SB 145).

Legalized abortion up to baby’s birth.

Destroyed the public education system by watering down actual disciplines of math and English, while sending his own children to private schools.

Promotes affirmative action, racial preferences over merit.

Creates fake crises – climate change, reparations.

Infringed on the people’s right to keep and bear arms by passing laws which nibble around the edges of the 2nd Amendment, creating defacto gun control.

Californians must never forget Newsom’s cruel leftist policies that harm men, women and children… And this is not a complete list, by any stretch.

Congress needs to look into Gov. Gavin Newsom and the California Department of Public Health for issuing a directive in 2021 during Covid to suspend Nursing Home regulations in order to send contagious Covid patients to nursing homes.

This is the governor who appears to have just been gifted another multi-million dollar estate – $9.1Million. And if he can prove otherwise, needs to provide the receipts.

As Ellie Gardey Holmes concludes in her recently published Gavin Newsom biography, Newsom Unleashed: The Progressive Lust for Unbridled Power,:

“We should be very wary of a Newsom presidency. This is not a man whose intentions are the betterment of the country. This is a man whose intentions are the exaltation of himself and the furtherance of his own power. And, worst of all, his well-established pattern for seeking such exaltation and power is the advancement of extreme left-wing policies.”