Wow... is that for real? He's come a long way from the time when he had to do a shady yard sale with a crook just to buy a decent house in Chi-town.
The Obamas paid $11.75 million for the property listed with a $14.85 million price tag. The same day the deed was recorded, a mortgage for $7.05 million also was put on the record. The lender was JP Morgan Chase, and the loan had a standard second-home rider. The prior owner, Boston Celtics co-owner Wyc Grousbeck, had been trying to sell the home, set on 29 waterfront acres, since August 2015 when he initially listed it at $22.5 million, according to Zillow. Over the ensuing four years, the property was on and off the market with three price reductions. The 6,892-square-foot house has private beaches along the shore of Edgartown’s Great Pond, a mix of fresh and salty water that opens to the ocean.
As a capitalist, I don't envy the Obamas and their wealth. More power to them.
But they could have bought ANYWHERE in the US. Their selection of a palatial manor, standing a football's throw from globull warming's razor edge, has more information content than any AI model or "scientific" result.