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Mitt Romney's Housing Crisis

Mitt Romney learned an important lesson from the last election: It’s better not to own more homes than most Americans have rooms. In another sign that he will run again, the former Massachusetts governor is selling off his Utah ski house and suburban Boston crash pad for a total somewhere north of $8 million.

But don’t pity Mitt — he still has the $12 million getaway in La Jolla, Calif., and the $10 million New Hampshire place. No tent city for this guy.

AP via Boston Herald via Political Wire:

The Romneys plan to keep a $10 million summer home on the shore of Lake Winnipesaukee in Wolfeboro, N.H. and a $12 million beachfront compound in La Jolla, Calif.

The sale of the Utah and Boston homes has been described by political analysts as a way for Romney to prepare for another presidential race without having to explain why he owns excess real estate — the issue that brought ridicule on rival Republican candidate John McCain last fall.

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