{"id":47533,"date":"2016-04-26T05:20:38","date_gmt":"2016-04-26T12:20:38","guid":{"rendered":"https:\/\/redfindevelop.wpengine.com\/blog\/?p=47533"},"modified":"2020-10-06T19:38:15","modified_gmt":"2020-10-07T02:38:15","slug":"candidates-cant-buy-your-vote-but-can-they-buy-your-town","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/candidates-cant-buy-your-vote-but-can-they-buy-your-town\/","title":{"rendered":"Candidates Can't Buy Your Vote, But Can They Buy Your Town?"},"content":{"rendered":"

Talk about your bidding wars. As the presidential candidates begin their final sprint toward the finish line, the election 2016 money marathon is just getting started. Collectively, candidates and their allies already have amassed more than <\/span>$1.1 billion<\/span><\/a> in political donations.<\/span>
\nYou can\u2019t actually buy the White House, or the right to live there. Voters, not rich donors, make the ultimate call, and candidates can\u2019t buy your vote, either. But with a billion dollars they could buy every house in <\/span>East Hampton<\/span><\/a> or Vail.<\/span>
\nCampaign fundraising this year is on track to beat the $2.4 billion record set by the last race for 1600 Pennsylvania Ave. By the time ballots were tallied in 2012, politicians and their supporters had spent enough to buy every house in Key West, South Bend, Dayton<\/a> or Dubuque.
\n\u201cIt does cost a lot of money to run for office, especially a national office, especially the highest office in the land,\u201d said Sheila Krumholz, executive director of the watchdog\u00a0<\/span>Center for Responsive Politics<\/span><\/a>. \u201cBut it matters less that it costs millions of dollars and more that it\u2019s coming from a very tiny fraction of Americans.\u201d<\/span>
\n<\/span>
\n<\/span>She\u2019s talking about campaign <\/span>megadonors<\/span><\/a>, who spend giant sums to influence the vote. They\u2019re an outgrowth of a 2010 Supreme Court case, Citizens United<\/a>, that lifted limits on political advertising and caused campaign costs to skyrocket. <\/span><\/p>\n

The Upshot<\/span><\/h3>\n

“Candidates and campaigns have to devote enormous resources to raising this kind of money and that\u2019s less time they spend on policies and listening to voters,” the Sunlight Foundation<\/a>‘s Josh Stewart said. “There are a lot of reasons voters\u00a0should be alert to the amount of money being spent.”<\/span>
\nPlus, after Election Day, megadonors will get invited to the big housewarming party and we won\u2019t. <\/span>
\nIs the bidding war worth it? Let\u2019s see what the candidates could have bought instead.<\/span><\/p>\n

Hillary Clinton<\/h3>\n

$256.4 million<\/span>
\nClinton and her supporters have had at least\u00a0<\/span>six fundraisers<\/span><\/a> just since Sunday so it\u2019s no wonder she\u2019s winning the money race. If she ever gets tired of the limelight, she could retreat to her home in the New York hamlet of <\/span>Chappaqua<\/span><\/a>. No, like really, seriously retreat — she could buy every house in the entire community\u00a0for about $187 million.<\/span><\/p>\n

\n
\"Clinton
Source: U.S. Census<\/figcaption><\/figure>
\n<\/figure>\n

Bernie Sanders<\/span><\/h3>\n

$182.8 million<\/span>
\nHe can\u2019t quite afford Chappaqua and doesn\u2019t have the coin to buy his home city of Burlington, Vermont. \u00a0($1.95 billion). But Sanders has raised enough money to buy a big chunk of the state. He could buy every house in Vermont’s 20 smallest villages — all of them, at once. If Sanders\u00a0doesn\u2019t want to spread himself that thin, he can get the picturesque town of Manchester<\/a> for less than $171 million.<\/span><\/p>\n

\n
\"Sanders
Source: U.S. Census<\/figcaption><\/figure>
\n<\/figure>\n

 <\/p>\n

Donald Trump<\/span><\/h3>\n

$51.2 million<\/span>
\nForget fundraising. With a <\/span>net worth<\/span><\/a> of $4.5 billion, Trump is financing his own campaign. No, he can\u2019t take Manhattan ($211.4 billion) or even his birthplace of Queens<\/a> ($160.3 billion). But check out <\/span>Seven Springs<\/span><\/a>, the family\u2019s New York retreat, where locals nixed his plans for a golf course. Instead of fighting town hall, Trump could just buy the towns. He could pick up every house in neighboring\u00a0Mount Kisco<\/a> ($850 million) and Bedford ($684 million) and still have money left for a few rounds.<\/span><\/p>\n

\n
\"Trump
Source: U.S. Census<\/figcaption><\/figure>
\n<\/figure>\n

Ted Cruz<\/h3>\n

Raised: $141.9 million<\/span>
\nThe senator goes home to\u00a0Houston<\/a> ($75.2 billion) where he has a luxury condo, but his campaign war chest pales in comparison to those of his rivals. Still, it\u2019s enough to buy every house in <\/span>Kaufman, Texas<\/span><\/a>, a Dallas suburb with more than 2,600 homes. If he wants to spread out, Texas has plenty room. There are more than 1,400 Lone Star towns well within his price range. He could pick up a few dozen at a time.<\/span><\/p>\n

\n
\"Cruz
Source: U.S. Census<\/figcaption><\/figure>
\n<\/figure>\n

 <\/p>\n

John Kasich<\/h3>\n

Raised: $29.2 million<\/span>
\nOhio governors usually take up residency in the state executive mansion in Columbus<\/a>, but Kasich bucked that tradition to stay home in nearby <\/span>Westerville<\/span><\/a>. He can\u2019t buy his entire community ($2.13 billion). He can\u2019t afford the governor\u2019s retreat in the neighborhood of Bexley<\/a> ($1.1 billion). And he can\u2019t even buy all the houses in rural\u00a0McKee\u2019s Rocks, Pennsylvania\u00a0($49 million), his birthplace. Maybe he and Cruz should <\/span>pool their resources<\/span><\/a>.<\/span><\/p>\n

\n
\"Kasich
Source: U.S. Census<\/figcaption><\/figure>
\n<\/figure>\n

Can the candidates buy your town? The full list\u00a0is here<\/a>.
\nNote:<\/b> Home values based on Census Bureau data from 2014 American Community Survey. Campaign fundraising totals from the Center for Responsive Politics<\/a> include donations to large\u00a0political action committees, or super PACs, supporting particular candidates.<\/span>
\n— With Taylor Marr<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The White House might be the nation’s most expensive crib. As election 2016 gets into full swing, what else could all that campaign money buy?<\/p>\n","protected":false},"author":13355,"featured_media":41438,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[43,51],"tags":[32,19],"coauthors":[],"class_list":["post-47533","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-housing-equality-policy","category-policy","tag-housing-market-tracker","tag-politics"],"acf":[],"yoast_head":"\nCandidates Can't Buy Your Vote, But Maybe They Can Buy Your Town<\/title>\n<meta name=\"description\" content=\"The White House might be the nation's most expensive crib. 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