Ex-US Secretary of State earned more than half a million on a house purchased under a preferential university program
Former US Secretary of State Condoleezza Rice earned more than half a million dollars on real estate purchased at a preferential university program.
Photo: twitter.com/CondoleezzaRice
In 2008, Rice taught political science and public speaking at Stanford University. Using a special program for university staff, Rice purchased a four-room home with a discount on market value. The amount of the transaction amounted to 1,3 million dollars, writes Runyweb.
Under the terms of the program, the land under the building belongs to Stanford University, only employees or students of this educational institution can own the real estate on it. Due to such restrictions, homes on university land are usually sold at a discount from 20 to 30 percent of market value.
At the same time, as emphasized in Realtor.com, the former Secretary of State was able to sell the building even higher than the market value. Condoleezza Rice helped out by selling 1,9 a million dollars.
Earlier it was reported that the former US President Barack Obama in 2017, bought a house in Washington worth 8,1 million dollars in Washington. The mansion is located in the north-west of the city, not far from the cottage of Ivanka Trump - the daughter of the current President of the country Donald Trump.
One of the most expensive regions of the USA is Silicon Valley. Real estate values here are so high that even millionaires feel middle class here, and top executives of venture capital and technology companies are planning to leave. For example, one of the dilapidated, almost completely collapsed houses without sleeping places or even a bathroom, but in Silicon Valley, a few months ago sold for nearly a million dollars.
Read also on ForumDaily:
A five-story bunker from the time of Obama was discovered under the White House. VIDEO
15 is the lowest paid professions in the US that you shouldn't attend college
How to enroll in a magistracy at an American university: instruction
Personal experience: how a Belarusian in 16 years received a full scholarship to study in the US
Why people are returning home: four unsuccessful emigration stories
Subscribe to ForumDaily on Google NewsDo you want more important and interesting news about life in the USA and immigration to America? — support us donate! Also subscribe to our page Facebook. Select the “Priority in display” option and read us first. Also, don't forget to subscribe to our РєР ° РЅР ° Р »РІ Telegram and Instagram- there is a lot of interesting things there. And join thousands of readers ForumDaily New York — there you will find a lot of interesting and positive information about life in the metropolis.
-
Personal experience: who and why you should not move to the USA5614
-
50 diseases whose presence will increase the cost of health insurance in the USA4329
-
Great opportunities with ChatGPT: 12 easy ways to make money using artificial intelligence1324
-
What should not be on your resume if you want to find a job in the USA763
-
Four unforgivable mistakes immigrants make to the United States552
-
Dependence on cars and one supermarket per city: why ours is unusual in one-story America403
-
Ten secret restaurants in the USA: what is their highlight and how to find them254
-
Personal experience: who and why you should not move to the USA5614
-
Where in the USA to buy the medicines we are used to: a list of pharmacies5330
-
How to hit the jackpot: tips from a man who won the lottery 7 times4898
-
50 diseases whose presence will increase the cost of health insurance in the USA4329
-
Street, avenue, boulevard or drive: how to understand the classification of US streets and roads1461
-
Personal experience: what not to do in America1402
-
Great opportunities with ChatGPT: 12 easy ways to make money using artificial intelligence1324