Numerous news articles say the President's friends have purchased a beachfront home in Hawaii. The price is variously reported from $7.5 to $8.5 million:
President Barack Obama may have found the perfect place to soothe away the stresses of eight years in office after it emerged that one of his closest friends and a major political fundraiser had organised the purchase of an iconic beachfront house in Hawaii.
As was the case for the Dallas home of former President George H W Bush and New York home of the Clintons, these types of transactions are often handled by, or with the assistance of, third parties.
Sadly, it appears that President Obama, like former Vice President Gore, do not back up their strong words about global warming with action. As Dr. Glenn Reynolds of Instapundit likes to say,
"I'll believe global warming is a crisis when the people telling me its a crisis start acting like its a crisis."