Posted on 01/06/2011 2:53:18 PM PST by lbryce
On paper, it sounds like a property to die for: 132 rooms, including 16 bedrooms and 35 bathrooms, with 28 fireplaces, a tennis court, a bowling alley and an attached garage spread out over 55,000 square feet on 18 acres of centrally located land.
But the White House, as enviable a property as it is, hasn't been immune from the nation's housing crisis.
As syndicated columnist Lew Sichelman first noticed, the property value of the White House has lost nearly a quarter of its value over the last three years, according to the real estate site Zillow. In fact, in the last month alone, the White House's estimated property worth has dropped nearly $5.5 million.
At the height of the 2007 housing boom, the White House was valued at roughly $332 million. In January 2009, when President Obama and his family moved in, the fair market value was listed as $292 million. Now Zillow says the property is worth just $252 million — even with all the redecorating the Obamas have done since moving in.
(Excerpt) Read more at news.yahoo.com ...
It’s lost all its value with me.
There goes the neighborhood.
also the new tenants knocked quite a bit of value of.. Who’d buy it now, its been Chicago ghettoed.
That was exactly my point. The disastrous loss in value is all a result of the new (hopefully soon to be evicted) tenants.
Fumigated and the bust of Churchill returned!
section 8 occupant doesn’t help things
Get Streisand - with her new book “My Passion for Design” to get in there and redecorate. That lady has her faults but she knows how to create a beautiful house - with emphasis on the Federal and Colonial period.
But the White House, as enviable a property as it is, hasn’t been immune from the nation’s housing crisis due to the fact the current occupants have devalued the property because the American people have deemed them as illegitimate
occupants that have devalued the neighborhood as a whole.
But the White House, as enviable a property as it is, hasn’t been immune from the nation’s housing crisis due to the fact the current occupants have devalued the property because the American people have deemed them as illegitimate
occupants that have devalued the neighborhood as a whole.
thats what happens when the blacks move into the house it plummets in value. (There is no racism intended in this post - it is a fact)
Lost a lot more value when the current marxist teleprompter moved in with baggage-butt.
You are being generous. The current occupants of the White House have managed to bring down the property values of the entire nation as well as ensuring that they are all upside down in debt.
There are a few blacks who enhance the nation;I bet the White House would have doubled in value with President Thomas Sowell.
Real Estate normally declines when blacks begin moving into a white neighborhood. LOL!!
“And it needs to be cleaned and have the bust of Churchill returned.”
Exorcised, more likely.
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