WASHINGTON — Looks like former President Barack Obama and former first lady Michelle Obama are putting down deeper roots in Washington — after renting a house for their post-White House stint in Washington, the couple has purchased the eight-bedroom, nine-and-a-half-bath home for $8.1 million, according to property records. The Obamas have said they plan to remain in D.C. while their younger daughter, Sasha, finishes high school at Sidwell Friends. The Obamas still own a Georgian-style home in the Hyde Park neighbourhood in South Side, Chicago, the city that will house the Obama presidential library. Lockhart bought the home in 2014 for $5.295 million, records show. The $8.1 million purchase price makes the Obamas new home the second most expensive in the Kalorama neighbourhood, behind the $23 million paid by Amazon founder (and Washington Post owner) Jeff Bezos for the former Textile Museum.

Source: National Post June 01, 2017 17:03 UTC