Celebrities Not Immune to Falling Property Values

For Michiganders singing the blues about the local real estate market and declining listing prices, it may ease the pain a bit to know that the lifestyles of the rich and famous are being affected also.  Celebrities are dropping their prices by numbers that I can’t even fathom!!

Take a look:

Suzanne Somers’ Mountainside Estate
Palm Springs, Calif.

Original Asking Price: $35 million
Current Asking Price: $12.9 million

Mel Gibson’s Tudor Mansion
Greenwich, Conn.

Original Asking Price: $39.5 million
Current Asking Price: $29.5 million

50 Cent’s Mega-Mansion
Farmington, Conn.

Original Asking Price: $18.5 million
Current Asking Price: $10.9 million

Brian Bosworth’s Waterfront Villa
Malibu, Calif.

Original Asking Price: $11.9 million
Current Asking Price: $6.9 million

Nicolas Cage’s English Country Manor
Middletown, R.I.

Original Asking Price: $15.9 million
Current Asking Price: $12 million

Yikes!!  The $100k hit that my house has taken somehow doesn’t seem so drastic anymore!

Too view photos and read more information on these properties, visit Celebrity Price Choppers.

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