Can’t Sell Your Home, Neither can Tim Geithner

June 5, 2009
Matt Isleib

 

You want to talk about irony? Treasury Secretary Timothy Geithner is not immune to the housing crisis, in fact he just maybe he might a little too more in tune than he would care to be. As Treasury Secretary Geithner is the one who is the economic advisor to President Obama. He is basically the lifeline of economic policy and info for the President.

In an article first reported by the AP (Associated Press) Geithner has been un-able to sell his New York home. Records showed that in 2004 he and his wife purchased the home for just over $1.6 million. It had been on the market for a while and was last listed for $1.575 million. The Geithner’s decided to rent the home after no offers materialized. The home is rented for $7,500 per month. It goes to show that no one is immune to the housing crisis. Here is the link to original “AP” article.         Geithners Housing Woes