It sure pays to be a DC grifter.

The Obamas are reportedly purchasing a 29-acre, 7,000 square foot $14.85 million mansion in Martha’s Vineyard.

The home is currently owned by Boston Celtics co-owner Wyc Grousbeck.

The Martha’s Vineyard estate (pictured below) was previously listed for $22 million, but the Obamas are paying less than the current listing price according to “multiple island sources.”

TRENDING: BREAKING REPORT: President Trump to Nominate Amy Coney Barrett to Replace Ginsburg on the Supreme Court

TMZ reported:

Multiple island sources tell us the Obamas are in escrow for the estate owned by Boston Celtics owner, Wyc Grousbeck. The former Prez and First Lady have been renting the house this summer and loved it so much, we’ve learned they made an offer. The property is listed at $14,850,000. Our sources say they’re paying less, but we don’t know how much. The estate — incredible. It’s 29 beachfront acres. The main residence is just shy of 6,900 square feet. It has 7 bedrooms, so Sasha and Malia have a place to crash, along with several of their friends. It has the obligatory pool, an outdoor fireplace, a chef’s kitchen, vaulted ceilings and 2 guest wings. It has incredible views, especially while soaking in the second-floor balcony Jacuzzi.

Notice the home is on the ocean.

Guess those rising sea levels are not so much of a concern for the elites.

https://twitter.com/gatewaypundit/status/1164759538840432640

Recall, Barack Obama was flat broke before he ran for president.

Obama had no money and his credit card was even declined.

A friend asked Obama to join him at the Democratic National Convention in Los Angeles, saying it might cheer him up to be surrounded by like minded and energetic politicos. Upon arriving in California and attempting to rent a car, his credit card was declined.

Fast forward to his life post-presidency after an 8-year crime spree in the White House and he’s living the lifestyle of a billionaire jet-setter.

Between ‘speaking fees,’ book deals, a deal with Netflix and other unknown behind-the-scenes deals, the Obamas are reportedly worth over 30 times more than when they entered the White House in 2008 — in less than three years after their exit.