Biden’s Home Sold for $1.2M, Worth $1.65M After 30 Years
Engaging Paraphrase: Home Biden Sold for $1.2M Only Worth $1.65M Three Decades Later
It’s absolutely mind-boggling how Hunter Biden seems to effortlessly receive valuable gifts from various sources, from an extravagant 3.16-carat diamond to exorbitant sums for his amateur paintings. But it appears that President Joe Biden has the same knack for striking lucrative deals.
A recent report by the U.K. Daily Mail has uncovered an intriguing revelation: Biden sold his sprawling 10,000 square-foot mansion in Delaware back in 1996 for a staggering $1.2 million, a price that was more than six times what he initially paid for it over 20 years earlier.
More money laundering. #BidenCrimeFamily Joe Biden sold a house for $1.2 million in 1996 and nearly three decades later it’s still only worth $1.65 million – Did he get paid over the odds by a donor? | Daily Mail Online https://t.co/tDMCtgYnrn
— Terri (@River_City) October 29, 2023
$500,000 Hunter Biden spit painting. https://t.co/AfgI679MtV pic.twitter.com/QNvBryKeqn
— John Curtis (@Johnmcurtis) June 14, 2021
The buyer of Biden’s mansion was a high-ranking executive from the credit card company MBNA, which happened to be based in Delaware and had generously contributed to Biden’s Senate campaign. Interestingly, in the same year, MBNA hired none other than Hunter Biden, fresh out of law school, who eventually rose to the position of senior vice president.
While Biden and MBNA defended the sale price as fair, the current estimated value of the property is a mere $1.65 million. Considering the trajectory of Delaware’s real estate market over the past 25 years, the house should be worth well over $3 million today if the original sale price was indeed accurate.
Curiously, during this time, Senator Biden supported bankruptcy legislation that favored credit card companies like MBNA, despite opposition from most Senate Democrats, including Barack Obama.
Of course, these seemingly fortuitous financial transactions are surely unrelated, or so they claim.
During Biden’s Senate re-election, the unusually high sale price of his house was questioned by a pollster. However, both Biden and MBNA denied any impropriety, asserting that the house was purchased in a distressed state and underwent extensive renovations over the years.
Yet, a 2020 article from Delaware Online reveals that this was not the only instance of Biden’s remarkable property luck. He used the substantial profit from the house sale to buy a vacant lot for $350,000 from a prominent local real estate developer, Keith Stoltz. Interestingly, Stoltz had acquired the same property for the same price five years earlier and did not make any profit from the deal.
Stoltz and his family have long been avid supporters of Biden, contributing significant sums to his campaigns. Property records even show that Stoltz made a donation to Biden’s campaign in the same month as the land sale, according to Delaware Online.
Both Biden’s camp and Stoltz vehemently deny any special favors or backroom deals.
More money laundering. #BidenCrimeFamily Joe Biden sold a house for $1.2 million in 1996 and nearly three decades later it’s still only worth $1.65 million – Did he get paid over the odds by a donor? | Daily Mail Online https://t.co/tDMCtgYnrn
— Terri (@River_City) October 29, 2023
But of course, we’re expected to believe that all of these dealings are completely legitimate, just like the other “lucky” financial ventures of the Biden family.
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The post Suspicious: Home Biden Sold for $1.2M Only Worth $1.65M Three Decades Later appeared first on The Western Journal.
How did President Joe Biden’s real estate transaction from 1996 raise questions about the financial dealings of his family?
Ing at 6 a.m., my alarm clock goes off, and I begrudgingly roll out of bed to start my day. I make myself a cup of coffee, sit down at my desk, and open my laptop to catch up on the news. As a journalist, it’s essential for me to stay informed about current events and to analyze and report on the stories that shape our world.
One recent story that caught my attention was an article published by the U.K. Daily Mail. The article discussed an intriguing revelation about President Joe Biden and a real estate transaction that took place three decades ago. According to the report, Biden sold his sprawling 10,000 square-foot mansion in Delaware back in 1996 for a staggering $1.2 million, a price that was more than six times what he initially paid for it over 20 years earlier.
The buyer of Biden’s mansion was a high-ranking executive from the credit card company MBNA, which happened to be based in Delaware and had generously contributed to Biden’s Senate campaign. Coincidentally, in the same year, MBNA hired none other than Hunter Biden, the president’s son, who eventually rose to the position of senior vice president.
While both Biden and MBNA defended the sale price as fair, the current estimated value of the property is a mere $1.65 million. Considering the trajectory of Delaware’s real estate market over the past 25 years, the house should be worth well over $3 million today if the original sale price was indeed accurate.
This revelation raises questions about the financial dealings of the Biden family. It’s hard not to draw comparisons between this real estate transaction and the questionable gifts and payments that Hunter Biden seems to receive effortlessly. From a 3.16-carat diamond to exorbitant sums for his amateur paintings, it appears that the Biden family has a knack for striking lucrative deals.
During the same time period, Senator Biden supported bankruptcy legislation that favored credit card companies like MBNA, despite opposition from most Senate Democrats, including Barack Obama. While these seemingly fortuitous financial transactions may be unrelated, the coincidence is difficult to ignore.
Furthermore, the article reveals another instance of Biden’s remarkable property luck. He used the substantial profit from the house sale to buy a vacant lot for $350,000 from a prominent local real estate developer who had previously acquired the same property for the same price and did not make any profit from the deal. The developer and his family have long been avid supporters of Biden, contributing significant sums to his campaigns.
Of course, both Biden’s camp and the real estate developer vehemently deny any special favors or backroom deals. Nonetheless, these transactions raise eyebrows and invite speculation about potential impropriety.
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