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The price Osama paid: Not $1 million for Abbottabad abode, not even $500,000. Half of that, if that
Al Arabiya ^ | 04 May 2011 | Eman El-Shenawi

Posted on 05/04/2011 2:53:41 PM PDT by Qbert

Osama Bin Laden’s house, described by the US government as a $1 million mansion, has been priced by property experts in Pakistan at no more $250,000, The Guardian reports.

Two property professionals in Abbottabad, the town where Bin Laden was killed last Sunday, said that much of the US government’s description was exaggerated.

The house was built in 2005 and based on the size of the plot and recent property sales, they estimated that it would fetch no more than the equivalent of $250,000 in the current market. After Sunday’s raid by US Navy SEALs which led to the killing of the Al-Qaeda leader, a senior Obama administration official had described the property as an “extraordinarily unique compound” in an “affluent suburb” and valued it at $1 million.

It later proved that Abbottabad is a quiet, military-dominated town, according to the property experts.

“This is not a posh area. We call it a middling area,” property dealer Muhammad Anwar, a 22-year-old veteran of the local market, told The Guardian.

But when reporters reached Abbottabad to see Bin Laden’s hideout, a number of oddities were noticed.

The compound’s thick, 15-feet-high walls were topped with three tiers of barbed wire, which set the compound apart from the rest of the neighborhood.

The courtyard surrounding the house was considerably large. Reports indicate that only a handful of people lived inside the compound and so it is unclear what the large space was needed for.

Meanwhile, census takers had seemingly not visited Bin Laden’s property. Painted on the entrance gate to most homes in the neighborhood was a note in Urdu saying that census enumerators had visited over the past two months. But Bin Laden’s house had no note.

The households that participate in the census have to give details about everyone who lives there.

The area Bin Laden lived in was built after the devastating earthquake that hit Pakistan in 2005 and killed more than 73,000 people.


TOPICS: Foreign Affairs; News/Current Events; War on Terror
KEYWORDS: abbottabad; binladen; osama
Location, location, location.
1 posted on 05/04/2011 2:53:46 PM PDT by Qbert
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To: Qbert
"...property dealer Muhammad Anwar, a 22-year-old veteran of the local market, told The Guardian...."

I'm sure we all believe a slimy realtor talking to the slimier Guardian.

2 posted on 05/04/2011 2:57:16 PM PDT by Anti-Bubba182
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Comment #3 Removed by Moderator

To: Qbert

if the US Governement were the ones to build it, it would definitely cost at least a Million to build a concrete hut.


4 posted on 05/04/2011 2:57:53 PM PDT by digger48
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To: Qbert

For sale: Slightly used private compound. 15-foot walls, helicopter LZ, pools of blood. Previous owner moving to warmer climate...


5 posted on 05/04/2011 2:58:04 PM PDT by Zeppo ("Happy Pony is on - and I'm NOT missing Happy Pony")
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To: Qbert
Zillow has it listed at $179,500 with an decrease in value of 35% within the last week.

Now says: "Perfect fixer upper home for the handyman. Dog friendly back yard."

6 posted on 05/04/2011 2:58:32 PM PDT by Michael.SF. (When you hear hooves, think horses, not zebras.)
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To: Qbert

What’s with the “Million dollar compound”???

The place looks like a crack house


7 posted on 05/04/2011 2:58:41 PM PDT by hope_dies_last
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To: Qbert
Buyer, buyer, buyer.

The house's cost was not the expensive part of the deal. Having a criminal at the top of the FBI's Most Wanted List, the target of every undercover operative, lowlife criminal, and/or anyone else wanting the reward as the buyer was the most important aspect of the purchase.

8 posted on 05/04/2011 2:59:09 PM PDT by theDentist (fybo; qwerty ergo typo : i type, therefore i misspelll)
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To: Qbert

The real question is: what price did the 0bama admin. pay the Paks to look the other way while we took out Osama? Billions more in bribes for the military kleptocrats in Pakistan? Withdrawal from Afghanistan?


9 posted on 05/04/2011 3:01:15 PM PDT by hellbender
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To: hope_dies_last

That it does, but who really cares about the value. He’s dead, doesn’t matter if he was in a hut, a cave, or brothel.


10 posted on 05/04/2011 3:01:37 PM PDT by Bruinator (God is Great.... God is Good....Evil is Real.)
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To: Qbert
I wonder if Pakistan has the same kind of disclosure requirements for property sellers as we do here.

If so I suspect the value of the property is somewhat less than it was this time last week.

11 posted on 05/04/2011 3:04:15 PM PDT by skeeter
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To: Qbert

I guess the real estate bubble also bursted in Pakistan.


12 posted on 05/04/2011 3:04:21 PM PDT by SeaHawkFan
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To: Qbert

Gul Muhammad, AKA Gul Madah, AKA Mithu Khan, was the contractor that started building the house in 2003 and added on to it continuously for about 2 years until UBL moved in in 2005. Arshad Khan bought the 23 parcels that now make up the property, he was killed in the raid.


13 posted on 05/04/2011 3:05:35 PM PDT by gandalftb (Fighting jihadists is like fighting an earthquake, harden yourselves.)
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To: Qbert

Naw, trust the “Obama administration official”!


14 posted on 05/04/2011 3:06:09 PM PDT by Revolting cat! (Let us prey!)
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To: skeeter

And something tells me the mortgage payment won’t be met this month.


15 posted on 05/04/2011 3:06:45 PM PDT by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
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To: hope_dies_last

Can’t get any correct facts out of the administration.


16 posted on 05/04/2011 3:10:33 PM PDT by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
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To: Qbert
Osama Bin Laden’s house, described by the US government as a $1 million mansion, has been priced by property experts in Pakistan at no more $250,000...

I don't buy that phony "Seal Team 6" story at all. This looks much more like a Fannie Mae operation evicting OBL from an underwater mortgage...

17 posted on 05/04/2011 3:13:26 PM PDT by Onelifetogive (I tweet, too...)
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To: Qbert

the ever evolving story


18 posted on 05/04/2011 3:14:01 PM PDT by yldstrk (My heroes have always been cowboys)
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To: Qbert

Well, now it’s a tourist attraction, so I would say it’s probably worth about $5 million.


19 posted on 05/04/2011 3:16:33 PM PDT by Cementjungle
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To: Qbert
The place looked like a dump, and the MSM parrots who continue to state it's a “million dollar estate” have no clue other than reading whatever the Administration or other media parrot heads are trumpeting.
20 posted on 05/04/2011 3:17:01 PM PDT by Shqipo (I am the unofficial originator of the Mega-Bump! Only use judiciously.)
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To: Onelifetogive
a Fannie Mae operation evicting OBL from an underwater mortgage...

Now we know why they buried him underwater!

21 posted on 05/04/2011 3:17:58 PM PDT by hellbender
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To: Qbert

Poor Bin Laden maybe was upside down in his mortgage.


22 posted on 05/04/2011 3:21:59 PM PDT by The Great RJ (The Bill of Rights: Another bill members of Congress haven't read.)
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To: Qbert

“Two property professionals in Abbottabad”

Two others said that the Guardian is fishing for a story. Anyway, go and make $250K in Pakistan in an honest way.


23 posted on 05/04/2011 3:22:55 PM PDT by mewykwistmas (Lost your job as a birther under Obama? Become a 'deather'! Where's Bin Laden's death certificate?)
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To: Cementjungle
I think you're on to something. We can cut out the $3.4 billion in aid every year. Pakistan can make a sort’ve Graceland out of it. I can see it now...a memorial, an amusement park with rides and a water park. Why this could be our salvation after all. There are so many who look like him, they could dress up and greet the visitors to the park. There you go.
24 posted on 05/04/2011 3:24:03 PM PDT by Constitutions Grandchild
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To: Qbert

If you’re in Pakistan, does having an international Muslim terrorist living next door increase your property values or hurt them?? And can you get homeowner coverage against Daisy Cutter bombings at Mutual of Islamabad?


25 posted on 05/04/2011 3:29:17 PM PDT by OrangeHoof (Washington, we Texans want a divorce!)
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To: Cementjungle

“Well, now it’s a tourist attraction...”

Interesting you mentioned that. The administration said they had to bury OBL at sea to avoid having a “shrine”... yet the place where he was killed is still standing. Seems like a place extremists would still visit.


26 posted on 05/04/2011 3:33:09 PM PDT by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
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To: Qbert
Who the F cares?

The bastard is dead.

FMCDH(BITS)

27 posted on 05/04/2011 3:34:37 PM PDT by nothingnew (I fear for my Republic due to marxist influence in our government. Open eyes/see)
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To: Qbert

HUT: House Used by Terrorist


28 posted on 05/04/2011 3:36:50 PM PDT by bigbob
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To: hope_dies_last

No Kidding! We have better looking outhouses here in California.


29 posted on 05/04/2011 3:37:46 PM PDT by vette6387 (Enough Already!)
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To: Anti-Bubba182
"...property dealer Muhammad Anwar, a 22-year-old veteran of the local market, told The Guardian...." ..... I'm sure we all believe a slimy realtor talking to the slimier Guardian.

Well, let see. Barack Obama tells me that this costs $1 million.

A slimy realtor talking to the slimier Guardian tells me it costs nowhere near that much.

This is a no-brainer.

I believe the slimy realtor talking to the slimier Guardian.

30 posted on 05/04/2011 3:49:41 PM PDT by Polybius
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To: Qbert

With inflation running the way it is going, it’ll be a million dollar mansion by the end of the year.


31 posted on 05/04/2011 3:51:28 PM PDT by sbMKE
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To: hope_dies_last

They mixed up US dollars with Paki ruppees...

Wednesday, May 4, 2011
Currency Converter:
1,000,000 Pakistan Rupee = $11,991.60 US Dollar

So you’re right $11,991.60 is top dollar for a crack house.


32 posted on 05/04/2011 3:53:39 PM PDT by maddog55 (OBAMA: Why stupid people shouldn't vote.)
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To: Qbert

Not to mention that the carpets are downright filthy.....


33 posted on 05/04/2011 4:00:51 PM PDT by ErnBatavia (It's not the Obama Administration....it's the "Obama Regime".)
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To: Qbert

It’s going to be extremely interesting what turns up on all those computers and HDs found there in OBLs place. “Harry Reid and Nancy Pelosi....Welll welll welll Just what ARE your names doing there?”


34 posted on 05/04/2011 4:52:32 PM PDT by GrandJediMasterYoda (Do or do not... there is no try)
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To: Anti-Bubba182

There are three websites selling real estate in Abbottabad that have English language sections. Search out for Bilal Town neighborhood.

That compound isn’t worth anywhere near US$500,000, compared to the local market... a house that size would have to be right between the 4 colleges and the Paki Military Academy in the trendy section about a half mile from the OBL compound, to be worth even US$400k.


35 posted on 05/04/2011 8:50:54 PM PDT by JerseyHighlander
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