How Will You Spend Your Summer Vacation?

That is, if you even get to take one this year.

Apparently things in these “tough times” aren’t so bad when it’s other people’s money you’re spending.  Even if they are giving it to you in the form of a salary and you don’t have to pay for one of those financially “devastating” health insurance policies.

The Vineyard Gazette Online is reporting that the First Family is renting a 28.5 acre “farm” on Martha’s Vineyard at the end of next month. 

The 28.5-acre property some five hundred yards down Cobb’s Hill Road, spans the Chilmark and West Tisbury town line and overlooks Town Cove, the westernmost finger of the Tisbury Great Pond.

There are four dwellings on Blue Heron Farm property, including a white Victorian farm house, a reconstructed Pennsylvania hay barn and a Vermont shed, the latter two of which date back to the 1800s and were transported and reconstructed by West Tisbury builder Rick Anderson in the early 1990s.

Named by its previous owners, the late New York real estate developer M. Anthony Fisher and his wife Anne, the farm has undergone several renovations in the last decade. Situated overlooking a remote finger of the Great Pond, it is quiet and private, with an apple orchard, flower and vegetable gardens, stone walls, a swimming pool, golf practice tee and small basketball court for the basketball-loving president.

It is understood that Mr. Obama and his family will also be offered access to the private portion of Squibnocket Beach if they so choose.

While the mechanics of renting the property were still ongoing at press time, the Gazette has learned that a rental agreement for the farm will comprise three leases, one to be held by the Obamas, another by the Secret Service and a third by a White House entourage.

The amount of the rental has not been disclosed, but up-Island properties similar to Blue Heron Farm rent for between $35,000 to $50,000 per week.