The White House Loses Value

[revnecro1273]

White House loses nearly a quarter of its value
By Holly Bailey
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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.
[See also: America's most underwater housing markets]
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.

[revnecro1273]

so i guess there is a direct correlation of a black family moving in and the property values going down

[justdonating]

Damn Rev, hard core

[Steel]

Originally Posted by revnecro1273

so i guess there is a direct correlation of a black family moving in and the property values going down

lmfao, brutal

[revnecro1273]

weeeeeeeeeeeeeeeeeeeee

[QuadzillaXXX]

lmao awesome

[bt33]

This is so stupid, it's not for sale, I offered $250 mil for Obama but he durn me down.