Joe Buscaino, doing well
Joe Buscaino, candidate for Council District 15, has done well on a policeman's salary. He and his wife, a schoolteacher, live on a cul-de-sac in San Pedro where the homes are all worth between $600-$700,000. Their home is appraised right in the heart of that range.
Buscaino has done so well that we hear he can afford to be underwater in this home after a second note. In fact, we hear the notes on the property total about $900,000.
And, as he announced yesterday, Buscaino is doing well in the campaign fundraising department too.
None of this kind of living-beyond-your-means is unusual for a City Councilmember--in fact it anticipates great success at the same kind of fiscal prudence that brought the City to its present financial order. To some in San Pedro, it is also suggestive of why a $173,000 a year salary may have some appeal at this time to candidate and Officer Buscaino.