Former US President Barack Obama and his wife Michelle for 8.1 million dollars bought a luxury house in a prestigious district of Washington, which they have rented in the last four months after he left the White house, reports The Washington Post.
Kevin Lewis, Obama’s spokesman, confirmed the purchase to CNN. He explained that the family of the former President is planning another two and a half years to be in DC (before graduation his youngest daughter), but because it was wiser to buy than to continue renting this house.
Valuation website Zillow, Obama overpaid for the Washington house with nine bedrooms, the actual cost of which is approximately 6.2 million dollars. But property values in the area increased at the expense of living of the richest celebrities. Next to Obama, in particular, is home to Jared Kushner and Ivanka trump, as well as U.S. Secretary of state Rex Tillerson and billionaire Jeff Bezos, the founder and owner of Amazon.
The house in which the family lives of Obama, in the fall of 2016 was equipped with an upgraded security system.