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It seems that Tim Geitner has a house he's taking a beating on. As President BOHICA's head money guy Geitner faces the same problem millions of Americans face, he's upside down, with respect to the mortgage, on his current home.
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Let's just hope, that he's interested enough in his own plight, to fix this situation for everyone.
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NEW YORK -- The real estate market's troubles are hitting close to home for Treasury Secretary Timothy Geithner.
After reducing the price on his house in a tony New York City suburb to less than he paid for it, Geithner still couldn't sell and recently rented it out instead, according to real estate agents familiar with the deal.
Geithner put his five-bedroom Tudor near leafy Larchmont on the market for $1.635 million in February, after heading to Washington for his job as the nation's top economic official.
A few weeks after the asking price was dropped to $1.575 million, the home was rented for $7,500 a month on May 21, said the agents, Scott Stiefvater of Stiefvater Real Estate and Debbie Meiliken of Keller Williams Realty New York.
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My question is this, did the DNC find him a renter, or did some "agency" really do it? Either way, $7500 per month is stiff!!
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And WTF ever happened to HLF!? Where did he / she go?
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Schteveo
10 comments:
You have to ask yourself, "Self, how does he have a $1.6 million house on a Cabinet Secretary Salary of around $190k?"
HLF?
Wipin POOP on the Lite Rail in PHX.
1- Secretary doesn'tplay by thesame rules as the rest of us. Sob story does not work with me.
2- HLF, AKA the Anti-Poots....well, we'll have to wait and see
Just up on FOX News:
Sotomayor Deep in Debt
Documents show Supreme Court nominee owes more than $400,000, may be living paycheck to paycheck
The future looks bleak
I'll bet the DNC IS the renter. What was Geithner doing before he became Treasury Secretary?
HLF disappeared about the time Poots showed up. Hmmmmm.
He did door to door proctology.
LOL! Good one Spidey.
Wouldn't that be back-door to back-door proctology?
Those numbers actually sound about right for the property and location.
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