[[ Happens whenever a black family moves into a white neighborhood. ]]
<http://scottystarnes.wordpress.com/author/scottystarnes/> How bad is
the housing market? The White House has lost 1/4th its
Value<http://scottystarnes.wordpress.com/2011/01/03/how-bad-is-the-housing-market-the-white-house-has-lost-14th-its-value/>
*Scotty Starnes
<http://scottystarnes.wordpress.com/author/scottystarnes/>*| January
3, 2011 at 6:00 AM | Tags: devalued
homes <http://scottystarnes.wordpress.com/?tag=devalued-homes>, housing
market <http://scottystarnes.wordpress.com/?tag=housing-market>, mortgage
modification
program<http://scottystarnes.wordpress.com/?tag=mortgage-modification-program>,
Obamanomics <http://scottystarnes.wordpress.com/?tag=obamanomics>, President
Obama <http://scottystarnes.wordpress.com/?tag=president-obama>, real
estate<http://scottystarnes.wordpress.com/?tag=real-estate>,
White House <http://scottystarnes.wordpress.com/?tag=white-house> |
Categories:
Uncategorized<http://scottystarnes.wordpress.com/?category_name=uncategorized>|
URL:
http://wp.me/pvnFC-3Ys
Even the symbolic, and historic, White House is suffering under Obamanomics.
Maybe the White House can qualify for Obama's home mortgage modification
program?
>From the L.A.
>Times<http://www.latimes.com/business/realestate/la-fi-lew-20110102,0,6416762.story>
:
The White
House<http://www.latimes.com/topic/politics/government/executive-branch/white-house-PLCUL000110.topic>is
not just an American icon. It also could be called a symbol of the
American housing market, because, like many of the country's houses, *it's
not worth what it was once*.
Over the last three years the president's home and home office has *lost
nearly a quarter of its value*. In the last month alone the *value dropped
almost $4 million*. Does any of that sound familiar?
The 132-room mansion — 16 bedrooms and 35 bathrooms on 18 acres in the heart
of the nation's capital —was *worth $331.5 million at the top of the housing
boom*, according to Zillow, the online real estate marketplace. But the
latest "Zestimate" puts the price tag at a mere* $253.1 million*. That's a
23.6% decline in value.
Continue
reading>>><http://www.latimes.com/business/realestate/la-fi-lew-20110102,0,6416762.story>
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