Per World Street Journal:
"Tommy Hilfiger co-founder Joel Horowitz has sold his Lake Tahoe estate for $48 million...the 210-acre property was first listed in 2006 with an asking price of $100 million. The asking price was lowered to $75 million in 2011. Mr. Horowitz now serves as co-chairman of the board of Diane Von Furstenberg"
Can Diane trust a businessman who mis-priced his home by a whopping $54 million?!
UPDATE: so the owners of Petra have dismissed the story as rumor! Who knows, maybe the deal just hasn't closed yet!?
Teresa Giudice Indicted for Claiming She Earned $15k/mo as a Realtor!...Spin-Off Series Real JailBirds of NJ Coming Soon??
The peeps at TMZ say:
"Real Housewives of New Jersey" star Teresa Giudice says she's NOT a dirty, scheming liar who falsely claimed to be a realtor in 2005 just to get a bank loan.
Teresa -- along with her hubby Joe -- just left court in NJ where the couple pled not guilty to 2 new bank fraud charges stemming from allegations they filed a false application to get a $361k mortgage loan.
In the docs, officials say Teresa claimed she was employed as a realtor and made $15k per month. In fact, officials say, Teresa was "not employed outside the home at the time.”
If convicted, T and J could face up to 30 years in prison and a $1 million fine.
The new counts bring the total criminal charges against the couple to 41 -- ranging from conspiracy to commit mail and wire fraud to bank fraud, bankruptcy fraud and making false statements.
New TV SHOW ALERT: Realtor & Her Buck Naked Clients! (Don't Pretend Like You Ain't Gonna Watch, You Voyeurs!)
Tacky! Princess Di's Bro Rents Out the Estate Where She's Buried...for $40k/night! Does He Need Dough That Bad?
The original Material Girl finally sold the Beverly Hills mega-mansion she shared with Guy Ritchie during their marriage. The private star tried to sell it privately but had no takers. Eventually, it hit the MLS and garnered a $19.5M offer. The savvy business woman acquired it for $12M, put in a ton of renovation and made out like a bandit! Congrats!
Tori Spelling: My real estate compulsion put us in serious debt...We were living a lie in a grand house!
Lesson #1 about home buying. Live within your means! Despite being born into the lap of luxury, even Tori Spelling has had to learn to reign in her spending. She even tried to do a real estate flip, but it was a real estate flop! RadarOnline below has more!
“After selling our Encino house at a loss, we were hoping to make a bit of the money back on Malibu,” Spelling writes. “We’d sunk a lot of money into it … But our [Malibu] house took a few months to sell, and when it did, it was for two hundred thousand dolls less than we had paid. You heard of those people who flip houses to make money? We were the opposite: flippers who lost major sums of money on every transaction. My restlessness would be our financial ruin.”
Even NIMBY happens to famous peeps! NIMBY = Not In My BackYard. See, superstars, they ARE just like us!
A source has told The National Enquirer that “the moment that Sarah and Freddie heard Kim and Kanye bought a home in their Bel-Air neighborhood, they put their house up for sale...feared that Kim and Kanye were turning their house into a tacky nouveau riche McMansion.”
Have you ever moved away because of your neighbors?!
We Always Admired Jenna Jameson's Business Savvy...So How The Heck Did Her House Get Foreclosed Last Month?!
Michael Jordan put his Chicago mansion on the market in February of 2012, but no one bought it! According to the Wall Street Journal, he has decided to have it auctioned off on November 22.
The basketball star lived in the home for nearly 20 years. In an email, he said he is selling the home because “my kids are grown now and I don’t need a large house in Chicago.” The owner of basketball team the Charlotte Bobcats, Mr. Jordan said he splits his time between the team’s base in North Carolina and a new home he built in Jupiter, Fla. “It was time for some warmer weather down at my new home in Florida,” added Mr. Jordan, who said he also has a vacation home in Utah.
Zac Efron snapped up a Los Feliz 5 bedroom home for $3.9M. Hope he gets some peace & quiet Zen time and doesn't relapse, like so many of his contemporaries!
First, Sheree was axed from Bravo TV's Real Housewives of Atlanta, and now her mansion is now the chopping block. Currently, it is a shortsale but it's about to head to foreclosure...for circa $340k. (Ironic, since she dubbed it Sheree's Chateau and alledged it was a multi-million dollar home at one pt). All the sordid deets here. You know, I feel bad for her. I'll buy some charm bracelet from her jewelry line "She by Sheree." That will help her out. :-)
Now watching it, it's snoozeville. So funny how slow paced it seems now in our ADD culture. I did enjoy the massive chandelier in the State Dining Room though! More deets here.
Adam Levine Sells His LA Home for $300k More Than He Bought it in 2005....But Did He Really Make A Profit?
Before home make over shows became a dime a dozen, it happened first on Bewitched! Check out how with a wave of her hand Samantha & her mother re-do this plain home in 1960's decor! Notice it's the 1st Darrin (played by Dick York). Do you think the 2nd Darrin (played by Dick Sargent..."gay Darrin") would have had more say about the decor?! Shame on me, so stereotypical.
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