The-white-house

The Value of the White House Has Risen 7% Since Obama Moved In

“There goes the neighborhood!” was often mouthed by racists whenever a black family moved into a white neighborhood. So it is remarkable to see how The-white-housefar blacks have come since then, and it’s also funny to note that the value of the White House has risen 7 percent since President Obama took office.

The White House is currently valued at $294.9 million, up 7 percent since president Obama took office in January 2009, according to website zillow.com. In all fairness, the values of homes in Washington D.C. are up by over 13 percent, so its no surprise that the value of the White House would rise as well.

Zillow uses the cost of recent home sales as well as other date to calculate the value of homes.

In a press release, Zillow describes the current value of the White House:

Were a potential buyer to take out a standard 30-year, fixed-rate mortgage on the White House today (assuming 20 percent down and a 3.276 percent interest rate), the monthly payment (including taxes, insurance, principal and interest) would be $1,130,832, according to Zillow.

If the Obamas decided to rent out the White House to another family, tenants could expect to pay more than $1.75 million per month in rent, according to the home’s Rent Zestimate.

That says it all. Whoever enters the White House after the 2016 election, be it Hillary Clinton, Chris Christie,  or some unexpected upstart, will be inheriting a descent piece of property.

Comments

comments

Powered by Facebook Comments

2 comments

  1. What!! The value of the white house has nothing at all to do with who is in office!

    Black folks are dreaming again!

    If he had any clout he would wave his hand or whatever and get the value of the housing market in the rest of the USA to increase in value.

    He would wave his hand again and get the price of Gasoline back where it was when he came into office $2.30 per gallon.

    He could then wave his hand and erase the 6.5 Trillion in debt he has created in his 1st 4 years. (more than all other presidents combined) or the 1.2 Trillion deficit of this fiscal year.

    Perhaps he could wave his hand and put the 23 million people back to work, after all he did promise!

    Maybe he can wave his hand and eliminate the energy concerns of the nation, rather than placing road blocks on drilling and new pipe lines.

    He could wave his hand and stop all of the illegals from coming into the country.

    Maybe he can wave his hand and clean up the mess in the middle east and north Africa that he allow to get out of hand by leading from behind.

    He can wave his hand and the cost of food will go back down by 30%.

    He could wave his hand and the smirk would come off his face and the country would be united again.

    I understand black people think anyone who is critical of the President is either racist or a member of the GOP, wrong!

    I try not to be uninformed and I’m not mesmerized by the president I want him to do well however he gets what any other person in that office gets. He is historic as is every President he is not deserving of special treatment because he looks like me.

  2. If you think Prez is getting special treatment, you are delusional. None of his predecessors have been treated so vile and disrespectful as he has been treated. Threats against Prez are at an all time high.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Human Verification: In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.