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Old 13th Jan 2011, 11:52 AM   #1
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Default For those of you bummed about

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...
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Old 13th Jan 2011, 11:54 AM   #2
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Default Re: For those of you bummed about

Only $251 million? Good to know we're not ruled by a plutarchy or anything.
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Old 13th Jan 2011, 01:38 PM   #3
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Default Re: For those of you bummed about

If I win the lottery I'm soooo gonna buy a lot of houses and rent them out.
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Old 13th Jan 2011, 01:57 PM   #4
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Default Re: For those of you bummed about

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...
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Old 13th Jan 2011, 02:04 PM   #5
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Default Re: For those of you bummed about

I find this more irritating then funny
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Old 13th Jan 2011, 05:26 PM   #6
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Default Re: For those of you bummed about

Quote:
Originally Posted by malachite View Post
I find this more irritating then funny
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.
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Old 13th Jan 2011, 05:44 PM   #7
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Default Re: For those of you bummed about

We are going to be really screwed when the ARM resets and we can't refinance because we owe $500 million.
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Old 13th Jan 2011, 06:14 PM   #8
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Default Re: For those of you bummed about

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
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