Even celebrities are downloading their real estate
When it comes to being a celebrity, buying and selling houses is like changing your underwear. Celebrities are the only group of people who can buy a home and sell a home at a loss and never think twice about money.
Britney Spears, in the news this time for real estate and not for maternal or drinking-related issues, is selling her house in Beverly Hills. The mansion is listed on the market for a whopping $ 7.9 million. The home boasts a whopping 7,500 square feet with 6 bedrooms and 61/2 baths. It’s hard to say why the pop star turned psychiatric patient decided to sell her house, but assuming she no longer has custody of her children, maybe she just needed less space.
Another seller in the celebrity real estate market is Keifer Sutherland. A year ago, Keifer decided that he was going to turn an old warehouse into his dream home. Well dreams change and now Keifer offers that warehouse for the whopping price of $ 5 million. The home offers a total square footage of over 13,000 feet. Currently only 5,000 square feet are used for residential purposes and the remaining 8,000 are home to a recording studio and some office-style fees. Keifer had the house listed just for the “special” buyer … What’s that?
With the mortgage crisis and foreclosures in full swing, even celebrities are in no position to beat the bank. The Eastern Savings Bank has accused Damon Dash of defaulting on his mortgage. The co-founder of Rock a Fella Records has reported that his net worth is approaching $ 50 million, but he is unable to make his $ 78,000 a month mortgage payment on two Manhattan condos. It seems that having money and spending money makes money disappear.
The ups and downs of celebrities abound in the real estate market. Home sales, home purchases and foreclosures are in the world of stardom. When it comes to separating business people from fashion stars, foreclosure listings are a great indication.
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