While I tend to like to take a more "glass half full" perspective on the current real estate market, I came across this article on Forbes.com about how even some celebrities are experiencing difficulty selling properties that they may have bought at the tip top of the market.
Some of those affected by the downturn of the last year include rocker Slash, who is currently suing his former Realtor, claiming that the house is neither as large nor as private as it was proported to be, and that he overpaid for it.
Canadian "rocker" Avril Lavigne is also finding it difficult to sell what was her bachelorette pad in Mulholland Estates. The 6,864 sqft house came on the market at $6.9m almost a year ago, and has since been reduced to a paltry $5.8m. Dig it here, and don't touch anything.
Finally, Carson sidekick Ed McMahon is also singing the blues, having watched the Beverly Hills mansion he listed in July 2006 for $7.7m dip all the way down to $5.7.
The good news? These people are gonna be alright!
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