Final Note

Calculating the rent at the White House

Lizzie O'Leary Aug 5, 2013
HTML EMBED:
COPY
Final Note

Calculating the rent at the White House

Lizzie O'Leary Aug 5, 2013
HTML EMBED:
COPY

This final note today, focusing on how a growing number of Americans rent their homes. So, what if President Obama were one of them?

Zillow.com, which chatted with the president today, did the math on the White House, valuing it at $319 million. Using an online rent calculator, a home for that price would rent for $1.8 million a month.

The Atlantic says that since Obama’s worth about $7 million, he could pay that rent for about four months.

If Mitt Romney had won the election, he could stick around a lot longer. He’d have been able to rent the White House until August of 2024.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.