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By the time the president and his wife bought their Chicago home, they were both drawing excellent salaries. They were thus able to get financing for a home that cost $1.3 million. The president made substantial money from a best-selling book, and his wife was a business executive at that time and she too made a good salary. Chicago newspapers thoroughly examined how the Obamas bought the home and found no evidence of anything unusual or dishonest, contrary to some partisan claims by the president's political opponents. A link to how the Obamas paid for their Chicago home is below.
Wiki User
∙ 11y ago
Barack Obama and his wife, Michelle, were able to afford their million-dollar home through a combination of income from book sales, speaking engagements, and their high salaries from their time in public service. Additionally, they were able to secure a mortgage like any other homebuyer.
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