- But they're only renting it.
As Barack Obama moves closer and closer to the end of his tenure as American president, he and his family are preparing to leave the White House that they’ve called home for the last eight years.
On January 21, 2017, Barack, Michelle and their daughters, Sasha and Malia, will wake up in this cozy house in the diplomatic neighbourhood of Kalorama, not far from the presidential residence.
The Obamas chose to remain in the capital city after his term ends – the first ex-president that will do so since 1921 – because their younger daughter Malia still has two years to finish high school and they don’t want her to change schools.
The massive nine-bedroom building is valued at $5.3m and ounlike other politicians Obama does not own it – he would be leasing it for 24 months
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