the value of your house going down. You are not alone....you are in good company. Due to the drop in housing prices throughout the country ( DC property value has been especially hit hard) The White House is officially now valued at a mere $251 million down from it's high of $300 million +. This was calculated on the current DC market value of acreage and sq. footage. What a bargain. I'm going to look under my sofa for spare change and start saving up... And buy that lottery ticket that I'm sure is going to win this time...
I think one of our nations symbols should be price tagged at little bit more...>.> I'm pretty sure the castles in England cost MORE... It is sad...
Why? I Just thought it was funny. Obviously The White House, and all the artifacts and treasures in it, are priceless. But this was put out a while ago by the National Association of Realtors and it gave a little bit of a chuckle...just to show that everyone is suffering from the housing funk.
We are going to be really screwed when the ARM resets and we can't refinance because we owe $500 million.
Not a problem, we can just do a loan modification, get a broker's price opinion on how inflated the value is, and what it would sell for at foreclosure
