Tumblr Icon RSS Icon

The House That Rove Built

Posted on  

"The House That Rove Built"


google plus icon

Washington Post’s “reliable source” blog reports that Karl Rove wants to sell a house:

Five bedrooms, four-and-a-half baths, brick-and-stone exterior, built 1968. Real estate photos show sunny kitchen, big entertaining spaces, pleasant yard, lots of bookshelves, one wall-mounted deer head.

I suppose it’s an interesting sign of the times in the United States that Rove believes a house he paid $799,000 for in 2001 ought to fetch $1.585 million in 2009. Here’s the Case-Shiller index for the Washington, DC metro area:


The price increase Rove is looking for is larger than the average one across the metro area. Of course some people’s houses should experience a higher-than-average price increase if, for example, the neighborhood in which it’s located has become objectively more desirable. When I first moved to town I rented a basement apartment in a nice townhouse on Harvard Street between 13th and 14th. That’s a much better place to live in 2009 than it was in 2003, and even in 2003 it was a much better place to live than it was back in 1998 when the owner originally bought it. But I don’t really think you could make that kind of claim for Kent where the Rove house is. That’s a nice upscale neighborhood, but it’s always been a nice upscale neighborhood.

« »

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.