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I guess the whole 'spreading the wealth' concept has worked out well for Obama.
Interesting that the guy that sold it to him was Bill Clinton's press secretary. Looks like he made some nice money on the sale.
On a side note. Doesn't the crazy high prices of D.C homes point to possible corruption of 'public servants'?
Spokesman Kevin Lewis, in a statement, said the purchase just made sense for the family: “Given that President and Mrs. Obama will be in Washington for at least another two and a half years, it made sense for them to buy a home rather than continuing to rent property.”
The $8.1 million purchase price makes the Obamas’ new home the second-most expensive in the Kalorama neighborhood, behind the $23 million that Jeffrey P. Bezos, the Amazon founder and owner of The Washington Post, paid for the former Textile Museum.
D.C. records show that Lockhart sold the home for $8.1 million to Homefront Holdings LLC, which is controlled by the Obamas. The deed transfer was recorded on Wednesday. Lockhart bought the home in 2014 for $5.295 million, records show.
And? It still costs less than Trump's weekly trips to his resorts cost us. Plus they paid for it with their own money. So what were you saying again, OP?
I guess the whole 'spreading the wealth' concept has worked out well for Obama.
Interesting that the guy that sold it to him was Bill Clinton's press secretary. Looks like he made some nice money on the sale.
On a side note. Doesn't the crazy high prices of D.C homes point to possible corruption of 'public servants'?
---
Spokesman Kevin Lewis, in a statement, said the purchase just made sense for the family: “Given that President and Mrs. Obama will be in Washington for at least another two and a half years, it made sense for them to buy a home rather than continuing to rent property.”
The $8.1 million purchase price makes the Obamas’ new home the second-most expensive in the Kalorama neighborhood, behind the $23 million that Jeffrey P. Bezos, the Amazon founder and owner of The Washington Post, paid for the former Textile Museum.
D.C. records show that Lockhart sold the home for $8.1 million to Homefront Holdings LLC, which is controlled by the Obamas. The deed transfer was recorded on Wednesday. Lockhart bought the home in 2014 for $5.295 million, records show.
The increase in value and what the Obama paid at closing sounds fishy to me unless the values have increased so much over there.
Of course price is what two parties agree on and what buyer is willing to pay and in the end it is up to Obama to over pay or not.
It shows what a bad business man Obama is and he did the same to the Country.
In the past Obama already had a shady land/property deal with a deal in Chicago for a deal with a convicted felon neighbor.
But it makes a person think about the reason why anyone with good intentions is willing to pay such an increase unless there was a huge remodeling that makes this transaction a honest deal and not a shady deal to transfer money.
What does it matter if Obama bought an $8.1M home. Especially with the wealth of the current president? This thread seemed to be started to show that it's somehow unsavory of him to do this. Why?
I think everyone who has come out of the presidency in, probably, the past 50 years has benefitted from it financially. Certainly, most of the U.S. politicians do in some way. I don't care for it; however, no sense singling one person out for it. What would be the reason for that?
What does it matter if Obama bought an $8.1M home. Especially with the wealth of the current president? This thread seemed to be started to show that it's somehow unsavory of him to do this. Why?
I think everyone who has come out of the presidency in, probably, the past 50 years has benefitted from it financially. Certainly, most of the U.S. politicians do in some way. I don't care for it; however, no sense singling one person out for it. What would be the reason for that?
I don't care (as I mentioned in my previous post) whether Obama rents or buys but it does highlight the rampant hypocrisy of the Left and the political establishment that someone that made all of their money in government or selling favors of public office can afford a "temporary $8.1M home."
The thing with Trump though is he admits he's wealthy and embraces it.
Obama doesn't. He acts like he's just a regular middle class guy, just like Hillary .
When I heard about their dual $65 million USD book advance deal, one of the first things I thought about was Obama's 'At some point you've made enough money' comment' and thought well.....I guess that point must be 90 million plus/100 million plus.
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