On Oct. 17, 2020, Eric Trump, son of U.S. President Donald Trump, tweeted a picture of a palatial-looking home valued at approximately $1.6M, asserting that it was the current residence of Democratic presidential candidate Joe Biden and questioning how Biden could have legitimately purchased such a property on his former salary of $174,000 per year.
However Eric Trump was wrong on all counts: the pictured home was not currently owned by Joe Biden, it was not his current residence, and the property was — at one time — not outrageously outside Biden’s price range.
Way back in 1974, Biden (then a freshman U.S. Senator and a recent widower) was able to purchase the property for a mere $185,000 because the abandoned home was badly run-down and in need of major repairs.
The salary of a U.S. Senator is $174,000 per year. This is Joe Biden’s house…. seems legit 🙄 pic.twitter.com/DtD0DzXlrY
— Eric Trump (@EricTrump) October 17, 2020
In 1974, Joe Biden bought this house in Greenville, Delaware, for $185,000.
— David Gura (@davidgura) October 17, 2020
This is the gold-plated toilet your dad lived in before he stole the White House. I guess he can afford that tasteless tacky lifestyle because he doesn’t pay his taxes. Seems legit. 🙄 pic.twitter.com/G4QGeLPWg3
— Scary Larry Says #TrumpLiedAmericansDied 🇺🇸✊🏿🌊 (@StompTheGOP) October 17, 2020
Your house will be pretty big also. Don’t worry though, lots of bedrooms for your whole family. pic.twitter.com/Lu4YMOAKu6
— Black Lives Matter – Vote Early! (@stansburyj) October 17, 2020
More on this. Per @wsj, @JoeBiden bought this house in 1972 for $185,000 and sold it for $1,200,000 in 1996, which means Biden could be the only candidate in the race who has actually turned a profit on a real estate investment. https://t.co/SerfO6xRuP https://t.co/INjrGCd5bu
— Andrew Feinberg (@AndrewFeinberg) October 17, 2020