Not content to continue renting, Michelle and Barack Obama have purchased a residence in Washington DC. The inveterate community organizers and heralds of the poor and disenfranchised bought their new mansion from Joe Lockhart, the VP of communications for the National Football League. According to the Washington Post, Lockhart let his home go for just  $8.1 million to Homefront Holdings LLC, a corporation which is controlled by the Obamas. The transfer of the deed to the property was duly recorded on Wednesday.

Lockhart is probably smiling about the deal. He netted nearly $3 million profit in the sale. He bought it for $5.295 million in 2014. While Lockhart had agreed to have the Obamas as renters, they apparently liked the place too much. After all, they have built a security wall around the place to make the place a home. Lockhart is no stranger to White House couples. He was once a press secretary and senior adviser to Bill Clinton.

Community organizing must be nice work, if you can get it.



SHARE

Short Link

Spero News editor Martin Barillas is a former US diplomat, who also worked as a democracy advocate and election observer in Latin America. His first novel 'Shaken Earth', is available at Amazon.

Comments

RELATED NEWS