White House loses ¼ of its value in 3 yrs
Washington: The White House seems to have become the latest victim of US’ housing crisis. As per a report, the residence of the Obamas is now worth only $251.6 million as against $291.8 million in January 2009, when they made it their home. In the last month alone, the value dropped almost $4 million.
And as compared to the peak of the market, in December 2007, the value of 1600 Pennsylvania Avenue has plummeted by a quarter. Then, it was worth $331.5 million.
One of the most famous residences in the world, the White House is a 55,000 square feet, 16 bedroom, 35 bathroom mansion built in 1792. It was burned down by the British in 1814, rebuilt, and then extensively renovated during Harry Truman’s presidency.
The Obamas also have made some improvements to the property, adding a vegetable garden and a swing set to the 132-room regal house.
Although the figures are notional but it does present a picture of the current state of the US housing market despite the billions that have been pumped in by the government.
More from India
More from World
More from Sports
More from Entertaiment
- I eat beef, can somebody stop me?: Kiren Rijiju hits back at Naqvi
- Zee Media's mega survey on Modi govt
- Delhi: Visually impaired boy scores 91.4% in CBSE 12th Board exams
- MP: 14-year-old boy works as bonded labour since 2009
- UP: Man chops off wife's nose, hair for dowry
- Zee Media Exclusive: The plight of yoga expert Tejaswi Sharma
- Woman denied flat in Mumbai for being a Muslim
- 4 Indians in Forbes' 100 most powerful women list
- BBV: What challenges lie ahead of Modi govt?
- DNA analysis of rising water crisis in India!
- Gujjar stir: HC asks Rajasthan govt to clear rail track, roads
- DNA: Delhi shop owners express their plight through Zee initiative 'My News'
- Watch: Zee Media mega survey on Modi govt- Part 2
- Gujjar stir: HC asks Rajasthan govt to clear rail track, roads- Part II
- Jharkhand: Firing during Dhanbad municipal elections, many injured
- Arpita-Aayush wedding reception: Salman Khan spreads love in Mandi, says `hum aapke hain`
- CBSE Class 10 Board Result 2015 (cbse.nic.in, cbseresults.nic.in) postponed?
- CBSE Class 10 Board Result 2015 to be announced today
- Check mahresult.nic.in for MSBSHSE Maharashtra Class 12 HSC Result 2015
- Maharashtra MSBSHSE HSC Result 2015 on mahresult.nic.in
- Rahul Gandhi takes a dig at one year of Modi govt, wishes 'happy birthday' to 'suit-boot ki sarkar'
- I was misquoted, says Kiren Rijiju on 'beef' remark
- mahresult.nic.in updated with MSBSHSE Maharashtra HSC Class XII Result 2015
- First look: Salman Khan steals thunder in `Bajrangi Bhaijaan`
- Manmohan Singh defends himself on 2G charge, slams Modi govt for 'carbon copy' schemes
- Sonia Gandhi 'unconstitutional authority' during UPA: PM Narendra Modi
- Reservation stir: Five percent job quota to Gujjars unlikely, hints Rajasthan govt
- Hours after attacking NDA govt, Manmohan Singh meets PM Narendra Modi
- Check cbse.nic.in, cbseresults.nic.in for CBSE Class 10 Result 2015