Obama Moves In, WH Property Value Goes Down.

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RockX

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White House loses nearly a quarter of its value

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.


http://news.yahoo.com/s/yblog_theti...ite-house-loses-nearly-a-quarter-of-its-value


:rofl:

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webbway said:
White House loses nearly a quarter of its value

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.


http://news.yahoo.com/s/yblog_theti...ite-house-loses-nearly-a-quarter-of-its-value


:rofl:

Classic

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WOW!

I didn't now he liked ZZ Top.
 
webbway said:
White House loses nearly a quarter of its value

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.


http://news.yahoo.com/s/yblog_theti...ite-house-loses-nearly-a-quarter-of-its-value


:rofl:

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WOW. That is such a load of racist crap.
 
cawacko said:
How is that racist?
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Really, cawacko? Here is this article talking about WH property value going down with a picture of Obama looking all ghetto. That seems racist to me. Along with the emphasis placed on "when President Obama and his family moved in"
 
CensoredRed said:
Really, cawacko? Here is this article talking about WH property value going down with a picture of Obama looking all ghetto. That seems racist to me. Along with the emphasis placed on "when President Obama and his family moved in"
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yeah the picture is bad no doubt. Uncalled for. The article itself isn't. The real estate market was tanking in '07 - '09. So it's factual that since Obama moved in the White House has dropped in value. Obviously Obama isn't the cause of that but webbway is accurate in the world of partisan trash talking.
 
cawacko said:
yeah the picture is bad no doubt. Uncalled for. The article itself isn't. The real estate market was tanking in '07 - '09. So it's factual that since Obama moved in the White House has dropped in value. Obviously Obama isn't the cause of that but webbway is accurate in the world of partisan trash talking.
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So can we agree that it was intended to be derrogatory? I'll be honest - I can remember my grandfather in Missouri talking about how his property values were going to go down because a black family moved in his neighborhood. Made me ashamed to be related sometimes.
I do, however, realize that the article in and of itself was factual.
 
CensoredRed said:
So can we agree that it was intended to be derrogatory? I'll be honest - I can remember my grandfather in Missouri talking about how his property values were going to go down because a black family moved in his neighborhood. Made me ashamed to be related sometimes.
I do, however, realize that the article in and of itself was factual.
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The fact of the matter is when you are President you are going to get shots from partisans who don't like you and people who just tend not to like whoever is in power. It comes with the territory.
 
cawacko said:
The fact of the matter is when you are President you are going to get shots from partisans who don't like you and people who just tend not to like whoever is in power. It comes with the territory.
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It's a fact - I did it to W often enough if I care to admit it. And, I guess I just did admit it.
 
are you being serious webbway? you think that because obama is black, the value of the WH tumbled? if so, that is pure racist tripe
 
It's the most racist post in the history of this board. Not bad for a moron who's never seen the inside of a college class room.
Congrats grand wizard!!!
 
Topspin said:
It's the most racist post in the history of this board. Not bad for a moron who's never seen the inside of a college class room.
Congrats grand wizard!!!
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What is racist in the article? Or is it the Obama photochopped picture that offends you?
 
Yurt said:
are you being serious webbway? you think that because obama is black, the value of the WH tumbled? if so, that is pure racist tripe
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:rofl:


From the article...

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 —

You can take it any way you want.
 
webbway said:
:rofl:


From the article...

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 —

You can take it any way you want.
Click to expand...

what was the purpose of adding the obama ghetto bling picture?
 
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