Home Entertainment Joe Biden’s real estate comes under scrutiny ahead of US elections

Joe Biden’s real estate comes under scrutiny ahead of US elections

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The property investments of former United States of America vice president, Joe Biden, is under scrutiny.

A report by the UK Sun noted that Biden, presidential candidate of the Democratic Party, currently owns two homes in Delaware.

He and his wife Jill are said to be worth nearly $9million dollars and about $4million of that comes from real estate investments.

Biden claimed in his autobiography titled Promises to Keep that he always had an affinity for real estate saying:

“Even as a kid in high school, I’d been seduced by real estate.”

In 2007 his net worth was reportedly in the negatives due to all the outstanding mortgages he had when he took out loans in his early adulthood.

According to the report, Biden’s current home in Delaware, a 6,850 square foot property, was purchased for $350,000, while its market value is now nearly $1million.

In 2017, Jill and Joe purchased another property in Delaware for $2.7million. The home is a short walk from the beach and has six bedrooms and outdoor amenities for entertaining guests.

According to public records, the former US vice president has a $540,000 mortgage and it is yet to be paid off. There are also two other liabilities listed on his disclosure. One of them is a line of credit, for $15,000 to $50,000, which Biden co-signed with one of his sons.

It is, however, unclear if he still owes a mortgage for the other homes.

Meanwhile, a report by ABC News indicates that an aviation staff who was on the same flight with Biden has tested positive for COVID-19.

The information was disclosed by Jen O’Malley Dillon, Biden’s campaign manager, in a statement on Thursday, October 15.

According to Dillon, an administrative member of the aviation company that charters Biden’s aircraft flew with the US presidential candidate to Ohio on Monday, October 12, and Florida on Tuesday, October 13 has tested positive for coronavirus.

It was, however, reported that Biden did not have any kind of close contact with the individual at any time.

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