Zillow.Com is a nice website that “values” properties across the country. But sometimes Zillow gets a little too cheeky.
Their “zestimate” for 1600 Pennsylvania Avenue is $251,617,000. For only a monthly mortgage of $1,036,276, you can enjoy 16 bedrooms and 35 baths in this 55,000 sq. foot mansion. (Built 1752). See: http://www.zillow.com/homes/1600-pennsylvania-avenue-washington_rb/
Zillow says the White House market value declined 25 % since the peak of the housing boom. Hence Rocky believes it’s a great time for value-oriented condo-developers to swoop in. (“Great views, working fireplaces, bullet-proof windows, great yard for the kids and dogs….)
[Disclosure: Rocky continues to shop for a nice vacation home, but he hates DC's muggy summer weather.]
Panda bears now share something in common with AIG’s employees: Barack Obama’s wrath.
In a speech before the National Conference of State Legislatures today, Obama said that Washington’s stimulus package specifically excludes funds for zoos. (Circling sharks will be disappointed: the law also prohibits funds for aquariums.)
In a Jimmy Carter-esque symbolism, Bloomberg News reports that Obama also said that he was postponing plans to modernize electrical and heating systems in the East Wing of the White House because this too “doesn’t meet the standard of creating new jobs.”
Rocky notes that the last time his air conditioner broke, a middle-class working man with two kids and a dog came out to fix it. He never realized that the White House uses leprechauns to fix their HVAC systems.