Understated humor of James Taranto

bin Ladin's mansion/NY Post

There Goes the Neighborhood
Maybe his presence brought down property values, maybe he got hit by the real estate bubble, or maybe he just overpaid. Whatever the case, London’s Guardian reports Osama bin Laden’s house isn’t worth as much as had been advertised:

After Sunday night’s dramatic raid by US Navy Seals, a senior Obama administration official told reporters that the property, an “extraordinarily unique compound” in an “affluent suburb,” was valued at around $1m.

But two property professionals in Abbottabad–a quiet, military-dominated town–said that much of that was incorrect. Based on the size of the plot and the house, which was built in 2005, and using recent property sales as a guide, they estimated that it would fetch no more than $250,000 on the current market.

Assuming bin Laden made the customary 20% down payment and took out a mortgage for $800,000 in 2005, he’s going to be underwater for a long time.

From the James Taranto/Wall Street Journal

… UNDERWATER FOR A LONG TIME!!! AAHAHAHAHAHAHAHA!

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10 responses to “Understated humor of James Taranto

  • AFVET

    Happy Mother’s Day and Grandmother’s Day Roxy.

    Well Done !

  • steve

    I like this post! Happy Mother’s Day Roxy!

  • bydesign001

    P.S. Happy Mother’s Day Roxy.

  • Freedom, by the way

    The interior sure didn’t look like much from the clips we’ve seen. And what’s this about Bin Laden owning a property in FL?

    • roxannadanna

      Yea, I heard that too and I think I heard it was a son who owned it. But this media will never followup on that or the possible CIA agent that was outed in the picture of the situation room.

  • loopyloo305

    Shessh!!! If that’s worth even $250,000 they paid too much!!! Taratano does have a way with words, doesn’t he? Excellent post!

  • roxannadanna

    For this post, I AM PUSHING THE LIKE BUTTON! and I never “like” my own posts.

    LMAO!

    • bydesign001

      Your post Roxy are fabulous and I’m not just saying that because I like you.

      Seriously you do great work and play an important role in righting the wrongs.

      I expected to see something on the line of that which is in the United Arab Emirates. Instead, I got an instant flash back to the late 60’s and 70’s during the burn baby burn era.

      Gosh, one could have found better looking places in the worst poverty-stricken ghettos in the United States.

      OBL and family lived like a bunch of pigs.

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