My question is did Mr. and Mrs. Obama have the income the year they purchased the house to qualify for a loan for a purchase of $1,650,000. I thought his income was $250,000 that year. How much did he borrow.? I thought he had a small net worth - now like $1,300,000.
How did he accumulate that much for a down payment and then to buy the adjacent piece of the lot for $106,000 shortly after. That is amazing.?