Slash lost $500,000 in a matter of months and is now suing his realtor. Guess he had to slash the price to move his debt-trap.
Ed McMahon has dropped his price $2,000,000, and a year and a half into it still can't find a sucker to take it off his hands. Where's Johnny?
Avril Lavigne took a $900,000 hit to move her money pit. No happy ending there.
Gotta love it.
LOS ANGELES - Even Hollywood's rich and famous can't avoid the housing downturn that's sweeping the nation. In Los Angeles, only 4,430 homes were sold in December, down 48% from the previous year. And prices fell 11% to an average $470,000.
Former Guns N' Roses guitarist Slash (also known as Saul Hudson) feels he overpaid for his Spanish-style Hollywood Hills home, which has a pool, a separate gym and stunning views. He bought the house in January 2006 for $6.2 million. He sold it last December for $5.7 million. Slash is suing his former real estate agent, claiming the house was neither as big nor as private as the agent claimed. The case is ongoing in California Superior Court.