LOS ANGELES, CA--(Marketwire - Sep 13, 2012) - For most Americans, there is only one "home" that comes to mind when one thinks of the President of the United States of America -- the White House. However, a recent article from FOX News analyzes the properties owned by President Barack Obama and Republican candidate Mitt Romney. As a leading realtor, Jack Hipolito Fernandez weighs in on these properties and offers further insight into what these homes can reveal about this year's presidential candidates.
According to the article, the properties that Romney has owned far outnumber that of President Barack Obama. The article notes that Barack and Michelle Obama have only owned one property; located in Chicago, the couple purchased the brick home in 2005 for $1.65 million. It states that the home "was built in 1917 and offers 6,199 square feet of space." As for Romney, FOX states that "the former governor of Massachusetts owns a smattering of real estate across the country, including homes in Massachusetts, California and New Hampshire."
Jack Hipolito Fernandez comments, "The fact that the article observes a varied collection of Romney's homes compared to the single property owned by Obama can certainly be reflected in the issues of social class that remain prevalent during this election season. While Obama's home may seem rather expensive in comparison to the average American, it is actually quite surprising that the presidential couple has only owned one home. In comparison with Romney, voters may interpret this distinction as one that identifies Obama as a down-to-earth candidate that can connect with the plight of the middle class."
The article notes that among the Romney properties is a home close to the Pacific Ocean in La Jolla, Calif. purchased in 2008 for $12 million. FOX states, "In August 2011, Romney filed an application with the city to bulldoze the single-story beachfront home and replace it with a larger, two-story home. The construction won't begin until after election season, though." Mitt Romney and his wife, Ann, reportedly purchased the home because he wanted to be in a location where he could "hear the waves."
Jack Hipolito Fernandez responds to the details of Romney's California home by noting that regardless of the profession or status of a homeowner, most want to form a residence that reflects their personality. Fernandez concludes, "In my experience selling homes, I have encountered two types of homeowners -- those who simply need a place to live that fits their budget, and those that want to find a place that highlights who they are as a person. While it may seem trivial to analyze the homes of presidential candidates, or any notable person for that matter, these properties can certainly provide a window to the soul of these individuals."
Jack Hipolito Fernandez is a realtor and partner at his family's real estate company, HF Realty. Fernandez earned his business degree from California State University. He specializes in commercial and residential property in the Los Angeles area. Jack Hipolito Fernandez is committed to helping families find their dream homes and works to educate consumers on the housing market.