U.S. presidents live in homes that most people dream about. Yet, according to Forbes Magazine, it seems that a few presidential manses have shed value in the economic downturn.
Zillow reported that the value of President Obama's home in Chicago is off by 20%.
Even the value of Camelot, the Kennedy compound in Hyannis is reported to be down 25% to 30%," says Amy Massey-Weider, who runs the Century 21 Shoreland real estate brokerage in nearby Hyannis. The news is good for those who dream of buying a little slice of the shores where the Kennedys live and play.
Here is Forbes' List of 5 Presidential Homes Hit By The Housing Crash
1. Kennedy compound in Hyannisport, Mass.
Details: Three key homes on six acres of land on or adjacent to the water
Current value: $11.2 million
Change from peak: Down 20%
2. Ronald Reagan's home in Bel Air, Los Angeles
Details: 7,200 square feet, three bedrooms
Current value: $7.1 million
Change from peak: Down 40%
Allen Tate - Concord, NC
It is interesting to learn that the economic turndown is no respector of anyone---even Presidents.
Jun 12, 2010 09:28 AM
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