Obama's Rental House

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April 4th, 2017 at 1:50:54 PM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 704
Posts: 8124
Quote: AZDuffman
Lots of foreign money has poured into the USA real estate market the past two decades.


Andrónico Luksic Craig is worth over $14 billion which is considerably more than President Trump. I suppose that he could view the property (2449 Tracy Pl NW) as investment and a future home when he is in Washington DC and the rent Jared and Ivanka are paying is certainly market value, but even if this guy makes a few million on the resale of the home, that is pretty much chump change to him.

I suppose it is the timing of the purchase (16 days before the election) that makes me assume that he bought it strictly to incur favor from the Trump family.

Obama's rental home was bought in May 2014 for $5,295,000 and we don't even know what he is paying in rent. He may actually be getting something very generous compared to Ivanka and Jared's $15K a month.
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