Tag Archives: loss

Even the Wealthy Take a Beating in Real Estate


GOSSIP ALERT!

Every once in a while, I love to throw in juicy pop culture gossip. It just so happens that I stumbled upon a couple of tidbits that compliment my own post  today on real estate woes of the common man.  This nosey news is from The Real Estalker:

(Writers take note of the gossip columnist style. There is a market for this kind of writing.)

We first heard it from Our Fairy Godmother in Beverly Hills and then we received a covert communique from a well-connected insider—let’s call him Charlie Chitchatter—who snitched that magically mercurial Oscar-nominated actress Sharon Stone has done sold a five-ish acre estate in Beverly Hills, CA that Your Mama first discussed way back in December 2006 when it popped up on the open market with a starry-eyed $12,500,000 asking price.

After many fits and starts, countless price reductions and at least one high-paying rental tenancy, Miz Stone—who never, as far as we know, actually occupied the property—has sold the neo-Mediterranean style compound for, according to documentation provided by Our Fairy Godmother in Beverly Hills, $6,595,000.

That’s a whole lotta dough by any standard but it’s also almost half Miz Ston’s original asking price and represents, as per our bejeweled abacus, a bank account flogging $4,400,000 loss. Ouch!

And this:

Over the weekend, while Your Mama did some peeping and poking around in the property records regarding the John Lautner-designed Bob and Delores Hope house in Palm Springs, CA that recently and very quietly available through an upscale Beverly Hills brokerage with—so the rumor goes—an astronomical $45,000,000 asking price, we happened across documentation that reveals the sublime and much-lauded four time Emmy winning actress Allison Janney (West Wing, Juno, The Help) owned a house just down the street from the Hope house that—quelle horror—she lost to unforgiving maw of foreclosure in September or October 2012.

On this one, there’s going to be a loss by someone who makes his living flipping houses — on TV no less:

On the currently airing sixth season of the reality program Flipping Out, sometimes temperamental house flipper and sassy-pants Bravolebrity Jeff Lewis bought a 1940s traditional on Spring Oak Drive in Los Angeles, CA without telling his much younger and punctiliously primped live-in man-friend—and employee—Gage Edward who at least acted for the cameras as if he were none too pleased with the behind-his-back acquisition.*

Property records show the Spring Oak Drive domicile, located on narrow cul-de-sac in the Bronson Canyon area of Los Angeles, was acquired by Mister Lewis—and only Mister Lewis—in April (2012) for $1,350,000. Yesterday—sixth months and an extensive and expensive renovation later—the property is back on the open market with an only slightly higher asking price of $1,450,000.

Finally, here’s one where the tenant (Cee Lo Green) moved out in order to rent smaller digs (a trend these days among the common folk as well) and the landlord has taken repeated hits to his wallet in losses on sales. It just goes to show ya, it’s tough out there!

Since at least March 2011 rapper, songwriter, music producer and televised singing contest judge Cee Lo Green* (The Voice) leased a 4,200-ish square foot residence just above the Sunset Strip in Los Angeles, CA owned—as it turns out—by actor, race car driver and indie pop rock band drummer Frankie Muniz (Malcolm in the Middle, the Agent Cody Banks franchise).

Howevuh hunnies, according to our always so freakishly well-informed friend and aide-de-camp Lucy Spillerguts Mister Green recently decamped Mister Muniz’s updated 1941 traditional for a smaller, more contemporary crib in the so-called Bird Streets ‘hood** high above the Sunset Strip. . .

. . .Mister Muniz is well known among celebrity property watchers and real estate gossips as a relatively frequent shuffler of the cards in his property portfolio. He once owned a house just above the Sunset Strip he sold to Halle Berry in 2005 for $5,995,000 and in 2004 he spent $4,650,000 on a low-slung modern on Blue Jay Way that he sold the following year for $3,900,000.

In the early days of 2006 Mister Muniz dropped $3,499,000 for the Sunset Strip house that, until recently, was rented by Cee Lo Green but is now back up for sale at $3,195,000 and is also listed to lease at $14,000 per month.

Grieving Today. . .and Tomorrow


Last night I sold a good friend. Today I am grieving.

My husband is no longer able to ride. His horse has been in the field, unused, for two years– the period of time during which Hubby has had both knees replaced and his heart rebuilt.  The companion to his horse is Sugar Baby, an ancient but healthy mare that was my riding horse until last year, when she tore a muscle in a field accident.

During the course of Sugar Baby’s recovery, I bought a Racking Horse named Jake to ride. Jake is gaited and riding him is easier on my battle-worn body — I have a history of multiple falls from horseback, so my body is beat-up and sore.

But Sugar Baby will always be the best horse I ever had the privilege to ride. She and I were so well matched that she seemed to read my mind. She always did what was asked of her and always took care of me, her rider. On mornings, she would  stand in her spot at the fence and stare toward the front door of the house. The minute she saw movement, she would neigh, asking for breakfast. When I worked around the barn, Sugar usually supervised, nickering softly when I talked to her.

In these erratic times, we are like many other households in the United States. We have our own economic downturn going on in our personal finances. At the end of October, a reckoning of accounts demanded austerity. Logic dictated that two horses that were going unused must go.

Maintaining a horse is expensive. Beyond the cost of food and shelter, there are farrier, vet and grooming expenses. Not to mention winter blankets and the like.

So the mares were sold.

I don’t have the attachment to my husband’s horse Missy that I do to Sugar Baby. Even in advanced age, she is beautiful in my eyes. And she caught the eye of someone else. I find peace that she has a home. But I am grieving that she’s gone.

 

 

 

Surgery Imminent


Today was the day for hubby’s surgery. However, a patient in more dire condition than hubby bumped him from his spot. His doctor courteously asked if hubby minded. He did, but the humanitarian side of him was gracious. How do you say no to a man who faces imminent death? You don’t. You yield with grace. Your own heart still beats.

In another day or two, a spot will open for hubby.

Friends and family have called, e-mailed, or traveled hundreds of miles to be here to offer support. Hubby and I feel loved.

I know when he wheels away into surgery, I will worry and wrestle with a dozen other feelings. Over the press of fear, I am choosing reason–at least in this moment. He has great medical people helping him.

So on the eve of surgery, I write. To keep sane. To focus on something else. To pretend everything is all right. Which it is, or will be.

Haiku

The missing started

the moment you turned your back.

It felt like forever.

as i knew you always would be


I pressed this from Coco J. Ginger. I love the raw power of the pain she expresses. We’ve all stood  in these shoes somewhere in time. As you read this, are you feeling it, too:

I didn’t believe in past lives, but if I did I would believe that you lived one, and in that life you were everything I knew you could be. You acted as tangible men did, and you were good, so so good, superior to all others in every way. As I knew you always would be. And I loved you. You, being everything I deserved, worthy of my every affection. Free to embrace the height of my passion. But as I said before, I don’t believe in past lives, and I don’t believe in you.

via as i knew you always would be.