Geithner Can’t Sell, Decides to Rent

12 Comments so far

1. Zillow Blog:Tim Geithner says Rent vs. Sell | Rain City Guide on June 3, 2009 12:27 pm

   [...] Very interesting article on the Zillow Blog about Tim Geithner’s home shown above. [...]

2. Bimp on June 3, 2009 1:54 pm

   It’s a lovely home, but most people are terrified to commit to expensive homes.

   Modest homes will move quickly. But if people are prudent and target homes that are 3 to 4 times their average income, then this particular home is generally attractive to those with $500,000 income.

   Sadly, very few Americans are confident about holding on to their jobs in the next few years.

3. BReal on June 3, 2009 2:46 pm

   In 2007, the median American family income was $50,233.00. I wonder how many people can afford a house at the current level of housing price.

4. la crisis impide al secretario del tesoro de eeuu vender su casa — idealista news on June 4, 2009 2:30 am

   [...] de imagenes          artículo visto en zillow.comGeithner Can’t Sell, Decides to Rentcompartir esta noticia ¿de qué va esto? los gestores de información son páginas web que [...]

5. Leonardo DiCrapio on June 4, 2009 8:46 am

   Two houses on my street went from $800,000 initial offering price to $550,000 final price (after over a year) and from $1.25 Million initial offering price to $950,000 final price (after about three months). I am also talking East Coast Mid-Atlantic Region.

   Timmy dropped his price by $60,000 after being on the market for four months. This guy is a real rocket scientist. It’s no wonder his PPIP plan went nowhere.

6. wallygator on June 4, 2009 9:26 am

   Beatiful Home. The only item that needs modified is the entrance. It is not at all inviting. The look of standing in the rain while waiting at the front door never looks good. Pull that door inside a hallow, get a pair of matching lights, get a new door w/mail slot, i.e. get rid of that mail-box, add a window or an emblem over the doorway. somehow, add a little more invitation.

7. Chuck Ponzi on June 4, 2009 9:35 am

   I’ll be paying rent in TARP money.

8. Will Nailor on June 4, 2009 10:13 am

   Didn’t know the mortgage company holding the loan would allow the house to be rented. They generally don’t. And Timmy, this time don’t forget to pay the TAXES on the rental income.

9. Zillow Blog:Tim Geithner says Rent vs. Sell | Guilda Blog on June 4, 2009 10:04 pm

   [...] Very interesting article on the Zillow Blog about Tim Geithner’s home shown above. [...]

10. JEFF on June 5, 2009 9:31 am

    We should have just let Timmy print a half million dollars & stuff it in his pockets instead of having him spend trillions to keep the housing market propped up so Little Timmy doesn’t lose any money on a moronic real estate investment. I can see why he couldn’t understand how to use Turbo tax the guy is so dumb I wish he’d come by my house on poker night.

11. barney on June 5, 2009 10:56 am

    I don’t think I’ve ever seen a less attractive house. It seems to be furnished in the “thrift-shop reject” style. I wouldn’t give him $50,000 for it. Did his broker never hear of staging? LOL, Tim.

12. Joy on June 8, 2009 10:47 am

    It does look like its been staged! There are no personal pix or anything in it. I suggest they get a better stager. And I agree, the furniture is awful. That bright blue bathroom is enough to make you puke. We’ve got craftsmen and early 50’s going on in an English Tudor. The house has NO character.
    The landscaping is terrible. This house could be made to look so adorable. Pay me and I’ll do it for ya! Joy