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Sunday, October 25, 2009

Not Even Celebs are Safe from the Recession



Five years ago, Hollywood funny man Eddie Murphy put his New Jersey residence on sale for $30 million.
Recently however, he marked it down. Way down, that is.
His property is now on sale for half its original price, $15 million.
The mansion also includes a bowling alley and a recording studio.
Nicholas Cage’s Bel Air home also suffered a similar fate.
Cage had to reduce its price from $35 to $17.5 million, even though he paid much less for it (about $7 million) when he bought it in 1998.
Luckily for Cage though, someone bought his property, even if it was for less than his asking price. Murphy though, is still waiting for someone to give him a good (or atleast reasonable) deal on his place.
It’s good to know that the economy’s condition hasn’t even spared Hollywood celebrities. The recession has affected a lot of people, and the rich and famous are no exception.
Here’s hoping everyone manages to get through this rough time alright, and it passes by quick!

Source: perezhilton.com

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