All Politics Aside, Value of White House Plummets

By Carissa DiMargo
|  Tuesday, Jan 4, 2011  |  Updated 2:45 PM EDT
View Comments (
)
|
Email
|
Print
All Politics Aside, Value of White House Plummets

Getty Images

advertisement

Let's break it down: 16 bedrooms, 35 bathrooms, 18 acres of land, historic fixtures, great location, close to Metro.

OK, so there's no on-street parking and no rooftop pool.

Even so, the White House isn't a bad little hunk o' real estate. But just like everyone else's houses, the Obamas' (albeit temporary) abode has taken a big hit in the struggling economy.

Worth a cool $331.5 million at the top of the housing boom, the White House's value has dropped to a measly $253.1 million -- that's a 23.6 percent drop over the past three years.

Those numbers come from real estate website Zillow.com, reports the L.A. Times. "In the last month alone the value dropped almost $4 million," the Times writes.

But think of it this way: Even if you own a home with plummeting value, there's no way yours has done that badly, right? Maybe the government is just trying to make everyone feel better.

One other silver lining: At least you don't have to clean 35 bathrooms.


Let's Go Around Town: Keep up with what's happening in the D.C. area anytime, anywhere. Follow us on Twitter and Facebook. Sign up for our e-mail newsletters and find out What You're Doing Tonight with texts delivered right to your mobile phone -- just text DCTONIGHT to 622339 to sign up. (Message and data rates may apply.) Don't forget our iPhone app!

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
Join the Ride to Conquer Cancer
Join the Ride To Conquer Cancer, Sept. 13 Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out