Hollywood’s biggest (real estate) losers
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I understand many of you do not like celebrity items. Still, this one came recommended by a reader, and I pass it along as a sign of the times: Forbes.com has compiled its own list of ‘Celebrity Real Estate Losers’:
‘Even Hollywood’s rich and famous can’t avoid the housing downturn that’s sweeping the nation. ... Realtor Barry Sloane of Sotheby’s International Realty says it’s the owners trying to sell homes in the $3 million to $6 million range that are having the most trouble.’
Among the celebrities mentioned: Brad Garrett, who, according to Forbes, paid $9.75 million for his Hidden Hills home (pictured), and now has it listed for $8.8 million; Guns N’ Roses guitarist Slash, who paid $6.25 million for a Hollywood Hills home and sold it for $5.7 million; and Ed McMahon, who first listed his Mulholland Drive estate for $7 million, but has cut the asking price to $5.75 million.