housing inventory

Treasury Secretary Tim Geithner Can't Sell His House

Oh, this is one of those amusing stories you just can't keep your fingers off of. Geithner Rents Westchester Home After Failing to Sell:

U.S. Treasury Secretary Timothy Geithner is renting his home in Westchester County, New York, for $7,500 a month after failing to find a buyer, according to data on the Westchester-Putnam Multiple Listing Service Inc.

Geithner, 47, was trying to sell the brick and stucco Tudor-style home, the listing shows. The house on Maple Hill Drive has five bedrooms, about 3,600 square feet, and an eat-in kitchen with Siematic cabinetry and black granite countertops.

But I have a more serious question, how did Tim Geithner, supposedly a government official his entire career, afford a $1.6 million dollar home?