According to the Washington Post, Barack and Michelle Obama
wanted to step up from their $415,000 condo. They chose a house with six bedrooms, four fireplaces, a four-car garage and 5 1/2 baths, including a double steam shower and a marble powder room. It had a wine cellar, a music room, a library, a solarium, beveled glass doors and a granite-floored kitchen.
It sounds -- and looks -- like a home fit for a Roosevelt. Of course, the old-money Roosevelts had their homes, so they didn't have to go through the costly and distasteful process of taking out a mortgage to buy them. Fortunately for the Obamas, the Chicago-based Northern Trust made the process a lot less costly than it might have been for other people. (See also a comment here from Clio1, who claims to know that the deal was even better than the Post suggested.)