Osama's Million-Dollar Hideout? More Like $250K

Local real estate experts say it's not as posh as initial accounts suggested
By John Johnson,  Newser Staff
Posted May 4, 2011 12:47 PM CDT
Pakistani media personnel and local residents gather outside the hideout of Osama bin Laden in Abbottabad.   (Getty Images)
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(Newser) – Another aspect of Osama bin Laden's grand finale is getting a dose of reality. US officials initially described his hideout as a mansion valued at $1 million, but two property experts in Abbottabad tell the Guardian it's worth $250,000, max. "This is not a posh area," says one local property dealer. "We call it a middling area." A local bank manager agrees: "If it was worth that much, we would all be multi-millionaires round here." The White House has also walked back earlier reports that bin Laden engaged in a firefight and used his wife as a human shield. (Read more Osama bin Laden stories.)

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