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The Obamas just shelled out $8.1 million for the DC mansion they’ve been renting since leaving the White House

The Obamas have purchased the 8,200-square-foot home they’ve been living in since moving out of the White House, The Washington Post reported on Wednesday.

According to property records, Barack and Michelle Obama purchased the home for $8.1 million. It was listed at $5.3 million in 2016 by Joe Lockhart, who was a press secretary for Bill Clinton, but it did not sell. The Obamas rented it in January.

“Given that President and Mrs. Obama will be in Washington for at least another two and a half years, it made sense for them to buy a home rather than continuing to read more >>>

Source:: BusinessInsider.Com