Posted on 11/03/2009 4:56:03 PM PST by Grampa Dave
Since the economy has taken a dive, some very big celebrities are realizing their lavish estates just aren't worth as much as they used to be. In fact, now might be the best time in history to buy the extravagant former home of one of your favorite stars. Here are some of the celebrity palaces that have recently been put on the real estate clearance rack: * Eddie Murphy's 32-room manor in Englewood, New Jersey, which he calls Bubble Hill, has been on the market for $30 million for five years without a sale, so last month Murphy slashed the price of the property -- which boasts a bowling alley, indoor pool, elevator, full-size racquetball court, theater, and recording studio -- in half, to $15 million. So far, no buyers, though -- maybe because the annual taxes alone total $197,723! * If you're in the market for something a little more reasonable, Whitney Houston has also cut the price of her NJ estate, where she married Bobby Brown, in half, from $5.6 million to $2.5 million. For the famous 12,561-square-foot gated property, that's practically a steal! * Most recently, blockbuster star Nicolas Cage has found himself in "catastrophic" financial circumstances, which the actor attributes to a shady money manager, whom he is suing. Cage has already sold off his castle in Bavaria, but you can still own his houses -- worth approximately $3.5 million each -- in New Orleans, where they both go up for auction on November 12. Cage is also selling off properties in Las Vegas and Los Angeles. Hopefully, these celebrities won't face the same embarrassing fate as some stars did last summer, when a spate of big names like Victoria Gotti, Jose Canseco, and Damon Dash had their residences foreclosed upon by banks.
(Excerpt) Read more at omg.yahoo.com ...
The rats might need to find another place for financial support.
No thanks. I had my heart set on the castle in Bavaria. (Sob!)
Conservative organizations, churches, right-to-life organizations, are starving for cash right now. It looks as if the rich libs will follow them down the tubes that they helped build.
Deflation or real prices
less cash to O
Cry me a river.
Sounds like a lot more celebs are hurting than they let on.
Jose Canseco still has a big house? How long has he been out of baseball? The drug business in baseball must have really taken a dive!
My heart bleeds for them.
My heart bleeds for them.
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