I just got an email with this title, so I looked it up on Zillow. The White House is valued at $250.3 million:
Buying the White House
(7 posts) (1 voice)-
Posted 10 months ago #
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serious question: what would be the process for selling the WH? Executive order? Congressional action? I would guess the former.
Posted 10 months ago # -
Cool. So if Romney gets elected, he could put down $2 million of his own money, borrow $248 million, purchase the White House, borrow another $50 million against the value of the White House to pay himself a dividend, lay off the entire White House staff, and let the White House go into foreclosure.
Posted 10 months ago # -
^Burn.
Posted 10 months ago # -
It takes Congressional action to sell federal real estate. Like everything else, it is subject to gridlock.
http://online.wsj.com/article/SB10001424052702304223804576445921943378638.htmlPosted 10 months ago # -
I was thinking Obama could talk Fannie or Freddie into loaning him 250.3M and then getting a second mortgage for another 150M, defaulting and then insisting on a bail out. Or he could just demand that people making over 250K pay their fair share of the debt he accrued.
Posted 10 months ago # -
Then he could claim that the banks went after another minority homeowner.
Posted 10 months ago #