The Obamas are reportedly buying a $14.85 million Martha’s Vineyard estate

Being rich isn’t a crime. However, when Barack Obama — someone who isn’t shy about slamming “the rich”  — flaunts his own wealth, it just doesn’t look great.

The Obamas are now reportedly in escrow for a multi-million dollar summer home in Martha’s Vineyard. After renting the home over the summer, they put in an offer, TMZ reported Thursday.

The beachfront estate, which was listed at $14.85 million, was previously owned by Wyc Grousbeck, owner of the Boston Celtics.

Living the high life

Since leaving the White House, the Obamas have done very well for themselves.

They have monetized their fame in the form of multi-million dollar book deals, paid speeches, and a lucrative contract with streaming giant Netflix. Now they’re enjoying the financial rewards.

Wealthy politicians are nothing out of the ordinary, of course. Our current president himself is a billionaire businessman. But when you consider Obama’s politics, it seems highly hypocritical.

In fact, just in July Obama gave a speech on wealth inequality, saying: “There’s only so big a house you can have. There’s only so many nice trips you can take. I mean, it’s enough.”

Maybe there is a limit to how big a house you can have, but Obama is chasing that limit. The beach house he is buying is a 6,892 square foot mansion on 29 acres in one of the most coveted regions of America.

The Obamas also purchased $7 million, 9-bedroom Tudor-style mansion in Washington, D.C. in 2017.

Do as I say not as I do

Obama isn’t the only Democrat to preach on the problems of inequality while being part of the 1%.

2020 Democratic candidate Bernie Sanders claims that economic injustice is everywhere and the rich are responsible. Yet he himself owns 3 houses and has high-end income.

It is time to point out this hypocrisy. These politicians preach about how the rich run roughshod over the poor. But the reality is they are the rich. And their policies aren’t doing much to help the poor in America.

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