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Strength through joy
Did Joe Biden get paid too much for his house?
The current valuation raised questions over whether Biden received an inflated price for the property from a donor in 1996.
www.dailymail.co.uk
Biden bought the 10,000 sq ft mansion for $185,000 in 1974.
At the time he had recently become a senator on a salary of $42,500.
Joe Biden sold that house to a supporter for $1.2 million in 1996 - but it is only worth an estimated $1.65 million 27 years later.
It was purchased by an executive for a credit card company that, in the same year, also hired Biden's son Hunter and then paid him for years.
The current valuation raised questions over whether Biden received an inflated price for the property from a donor nearly three decades ago.
Mortgage rates ran between 7% to upwards of 13% in the 70's.