We all know that many people are having trouble selling their home in today’s market, but none more than the wealthy. With the amount of buyers that are choosing to downsize and the fact that jumbo loans are now on the endangered species list, selling a multi-million dollar home has become more difficult than ever.
And this has even started to affect those “beings of perfection” better known as celebrities. Here are some celebs who just can’t seem to sell their houses:
• Jon and Kate Gosselin, co-stars of the popular TLC show “Jon & Kate Plus 8,” have been trying for three months to sell their former home in Elizabethtown, Pa.
• Mel Gibson slashed the price of his Greenwich, Conn. Estate from $39 million to just over $29 million.
• Rapper 50 Cent has given up selling his mansion in Farmington, Conn., after dropping the price from $18.5 million to $14 million.
• Richard Gere and wife Carey Lowell have dropped the price on their home in the New York’s Hamptons from $8.8 million to $7.2 million.
• Model Elle Macpherson cut the price of her London Victorian from $9.5 million to $8.5 million, and has since dropped it to $7.5 million.
• Former heavyweight champ Evander Holyfield is again facing foreclosure on his 54,000-square foot home in Fayette County, Georgia worth over $10 million.
Yikes! How difficult is it to have to shave millions off the listing price? Normally, I’m sympathetic to anyone having difficulty selling their home, but it’s hard to feel too sorry for celebs…especially if they make millions, overspend and don’t plan properly. Am I wrong?
Source: Chicago Tribune, Mary Umberger (06/21/2009)
Tags: celebrity real estate, Evander Holyfield's house, luxury homes, Mel Gibson's house, Metro Brokers, Model Elle Macpherson's house, Rapper 50 Cent's house, rich and famous, Richard Gere's house, Tisha Gay