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August 23, 2019 | Obama Buys $15 Million House

Martin Armstrong

Martin Arthur Armstrong is the former chairman of Princeton Economics International Ltd. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.

Barack and Michelle Obama are buying a nearly $15 million mansion on Martha’s Vineyard. They had rented it out in August from the Celtics co-owner Wyc Grousbeck, who has been trying to sell it for the past 4 years.

What is fascinating is how Democrats always demonize the “rich” and then when they leave office, they buy houses that only the “Super Rich” can afford, especially with the annual taxes on the property. To qualify for a 30-year mortgage, you need to put down $2,970,000. Yes, he brought real change — for himself as all career politicians do on both sides.

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August 23rd, 2019

Posted In: Armstrong Economics

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