The White House Listed On Real Estate Website 123
Forget visiting the White House, if you have $10 million you can own it. At least that is the price for the president's home on the real estate website Redfin. From the article: "Obviously this is an error. It looks like Redfin software pulled an example listing from the website Owners.com by mistake. That example listing was the White House. We have e-mailed Redfin for comment." I know it's historic but it still looks a bit on the high side according to the comparables in the area.
Re:Cheap at twice the price (Score:3, Informative)
Ten Million is a steal if you realize how much you can make off renting it out.
Heck yes!. Clinton was getting $100k per night [seattlepi.com] for the Lincoln Bedroom alone.
Seems like a steal. (Score:5, Informative)
Re:World Wide Wed of Scraping Data (Score:2, Informative)
Must have been to pricey to hire Indian resources to even screen the data coming in.
It was most likely not scraped, and almost certainly not screened.
I'm the DBA at a large (annual revenue in the billions) real estate firm, and we have feeds negotiated with all sorts of websites to syndicate our listing data around the web. Regional MLS boards operate under strict sets of rules surrounding what you can distribute and where. However, the onus is never on the publisher to screen listing data coming in; instead, a disclaimer such as "Information is deemed reliable, but not guaranteed" must be displayed along all property listings.
The sheer volume makes it impossible. We have approximately 20,000 listings within our own company and another 400,000 IDX listings. No company in the world could afford to screen anywhere near that much data. It's possible that whatever broker or firm originated the bogus listing could be fined, though the fines aren't generally noteworthy.
Re:How much would it really cost to duplicate? (Score:3, Informative)
Yeah, but that's just for duplicating it as a "normal house". I think you MASSIVELY underestimate the "security stuff"... ie, the giant underground bunker underneath the East Wing known as the "Presidential Emergency Operations Center". Not to mention all of the security systems (laser blinders? Stinger batteries? Flying monkeys??) we don't know about...
(also, it's probably not necessary for a back of the hand calculation like this, since it seems to have been done by expert real estate appraising companies already - they estimated it at approximately $300M - again not including any bunker(s) or security systems they don't know about)