Obamas purchase $8.1 million mansion in District of Columbia

Former President Barack Obama and First Lady Michelle Obama paid $8.1 million for the nine-bedroom mansion in the District of Columbia that they were renting, The New York Times reports.

“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 rent property,” the Obamas’ spokeman Kevin Lewis said in a statement, according to The Washington Post.

The house is in the Kalorama neighborhood, a swanky community that is home to diplomats and political leaders. Their neighbors include President Donald Trump’s daughter Ivanka Trump and son-in-law Jared Kushner, who are reportedly renting their home for $15,000 a month.

The Obamas’ home is the second most expensive house in the neighborhood. Jeffrey Bezos, the Amazon founder and owner of The Washington Post, paid $23 million for his house in Kalorama.

They’re expected to live in the house while their youngest daughter, Sasha, is still in high school.

SOURCE:  New York Times, Washington Post

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Happy Presidents' Day! 44 Photos To Make You Miss Obama

42 photos Launch gallery

Happy Presidents' Day! 44 Photos To Make You Miss Obama

1. Barack Gives Daughter Malia a Kiss

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2. Michelle and Barack tell the kids a story

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3. Michelle and Barack Kiss

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4. Michelle and Barack

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5. First Family Portrait

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6. Two Terms

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7. Michelle and Barack host a State Dinner

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8. Barack Obama and Michelle Obama

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9. The Obamas on Air Force One

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10. The First Family in London

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11. First Lady Michelle Obama with daughters Malia Obama and Sasha Obama

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12. Sasha and Malia Obama at the 2016 State Dinner

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13. Turkey Pardoning

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14. Sunday Church

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15. Gobble, Gobble

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16. Malia Obama, the First Daughter

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17. Barack Obama and his daughter Malia Obama

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18. A Family Affair

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19. Flashback To The Old Days

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20. Happy Birthday!

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21. Candidly Awesome

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22. Historic First Family

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23. Ice Cream Treat

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24. TV Time

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25. Always Giving Back

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26. A Christmas Story

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27. Hawaii Trip!

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28. Obama Loves Team USA & His Wife

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29. Malia and Sasha Obama

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30. Michelle Plays on a Bike

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31. Obama Loves Team USA, His Wife & Malia

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32. Reading Time

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33. Family Support

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34. The Sister Selfie

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35. Supporting Mom

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36. Giving Back On MLK Day

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37. Obamas Give Back To The Community

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38. Always Supporting Small Businesses

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39. Obama Swagger

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40. Laughs & Turkeys

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41. Christmas With The Obamas

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42. 50th Anniversary Of March On Selma

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Happy Presidents' Day! 44 Photos To Make You Miss Obama