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Former U.S. President Barack Obama and former First Lady Michelle Obama are catching heat on social media after they purchased a $12 million mansion in exclusive Martha's Vineyard.

The home is the latest multi-million dollar property in the Obamas' real estate portfolio. They also own mansions in Hawaii, California and Washington, D.C.

The opulent 6,892-square-foot home features seven bedrooms, eight-and-a-half bathrooms, a detached barn and a pool. The home faces the Edgartown Great Pond.

Some on Black Twitter are not comfortable with the Obamas' excessive displays of wealth.

One Twitter user wrote: "Obama sitting pretty in Marthas vineyard whilst Americans lost their homes due to his astounding incompetence. Bailed out wall street instead of the American people. d bag."

Another tweeted:

"Nothing sets a better example for the 'urgency' of 'climate change' than buying a $12,000,000 mansion on an island 'marthas vineyard' In the middle of the Atlantic Ocean all the while crying about the dangers of the rise of sea level. Obama did!"

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But others defended the former First Couple.

"The Obamas are among the most successful black people in recent history & fools are out there upset that they're living about as well as your average white Tech executive."

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Reality TV star and R&B singer Tamar Braxton is finally unloading her and husband Vincent Herbert's high maintenance Calabasas, Calif. mansion.

Page Six notes that the couple listed their luxurious Mediterranean style manse for a whopping $15 million.

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The LAPD is investigating vandalism at LeBron James' home as a hate crime. Someone spray painted "ni--er" on the gate leading to James $20.9 million Brentwood, Calif. mansion on Tuesday.

Police are reviewing video surveillance footage from neighboring homes to identify the vandals. James was not home at the time of the incident, according to the NY Daily News.

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