White House Loses Nearly a Quarter of Its Value

Posted on January 6, 2011 at 9:00am by

On paper, it sounds like a property to die for: 132 rooms, including 16 bedrooms and 35 bathrooms, with 28 fireplaces, a tennis court, a bowling alley and an attached garage spread out over 55,000 square feet on 18 acres of centrally located land.

But the White House, as enviable a property as it is, hasn’t been immune from the nation’s housing crisis.