Celebrities Deal with Troubled Housing Market, Too

Many celebrities seem to be having trouble unloading their homes in this troubled housing market, right along with many other Americans. Here’s a list of a few celebrities slashing their asking prices.

Britney Spears: Britney Spears slashed the price of her Beverly Hills mansion from the original listing price of $7.9 million last September to about $7.1 million in February, only to drop it again in June to $6.5 million. She bought the house for $7.1 million in January of 2007. According to real estate site Zillow.com the 7500 square foot home is only worth $4.8 million.

Alex Rodriguez: Baseball star Alex Rodriguez listed his Coral Gables, Florida home last fall for $14,876,000, dropped the price in February to $12.3 million and dropped it again in June to $11 million. And it looks like he has very recently dropped the price by yet another $1 million. He paid $12 million for it back in 2004, so it looks like ARod could be losing money on this home.

Jon and Kate Gosselin: Fans of the show Jon and Kate Plus 8 saw the couple move out of their Pennsylvania home last fall. It was on the market in the winter for $350,00 and is now listed at $315,000. But judging by the headlines lately this is probably not one of their primary worries.

Joan Rivers: Joan’s New York City penthouse hasn’t been on the market long so it’s tough to say how quickly it will sell. It’s listed right now with Sotheby’s for $25 million.

Donald Trump: According to The New York Observer, Donald Trump has knocked $20 million off the price of his Park Avenue penthouse duplex. The price dropped from $51 million to $31 million.

Bill Gates: Bill Gates got a deal, perhaps because of the real estate market. He purchased a home and land once owned by Wild Buffalo Bill Cody for $8.9 million. The home was once listed at $12 million and received a few price cuts before getting picked up by Gates.

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