It’s Not Just Your House That’s Going Down In Value

There's NO house that's immune to the falling real estate prices.  Even the most famous house in this country.  No, not Graceland.  According to the real estate website Zillow.com, the WHITE HOUSE has lost almost 25% of its value in the last four years.

At the peak of the housing boom, the White House had a fair market value of about $332 MILLION.

That's reasonable for a 55,000-square-foot house in Washington, D.C. with 132 rooms . . . 16 bedrooms and 35 bathrooms . . . a bowling alley, tennis courts, and, we believe, a ton of totally badass secret passages and stripper pole rooms.

When PRESIDENT OBAMA and his family moved in back in January of 2009, the White House's value was down to about $292 MILLION. 

Now, it's worth $252 MILLION . . . or $80 MILLION less than in 2007 . . . and it dropped $5.5 MILLION in value just last month.

When the White House was built (--between 1792 and 1800), it cost about $232,000, which is about $3 MILLION in today's money.  How did they do it so cheap?  A lot of the workers who built it were slaves. 

Fortunately, China has no immediate plans to sell it.