26.10.2011 - The housing market even stinks for celebrities
It seems the ailing housing market doesn't discriminate on the basis of net worth. Several celebrities have felt the sting of the slumping real estate industry and have had to take huge losses on their investments. Pro wrestler and reality TV star Terry Bollea, more commonly known as Hulk Hogan, first listed his 17,000 sq. foot residence at a whopping $25 million in 2006. It's now listed for just around 9 million, according to real estate information websites Zillow and Trulia. Hogan also suffered a loss on his Clearwater Beach home, according to Zillow, recouping just $1.65 million for the property after originally listing it for $2.3 million...............................................Full Article: Source
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