White House Loses Value

It seems that even the White House has lost its value. Among all of the homeowners who lost their properties over the last couple of years is our President’s home. Although technically, it’s the taxpayers who own the 1600 Pennsylvania Avenue property, it might make many feel better to hear that they weren’t the only ones who suffered equity losses. According to the real estate analysts at Zillow, the home of all our founding fathers, which has 132-rooms, and 55,000-square-feet of space, dropped in value from $308 million in 2008 to $292.5 million in 2009.

Via: Palm Beach Post