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The Price of Fame & Foreclosures
It's practically impossible to ignore the swell of foreclosure tales flooding the popular media these days. And while many Americans seem to have plenty of worries of their own, there are still those who manage to find a little time to gloat at the misfortune of others. Witness the column inches, internet pages, and hours of air-time, dedicated to stories about the rich and famous who are slashing the prices, or even losing, their palatial homes. And, while it's fair to say that many of these wealthy celebs are far from being in the horrific position of saying so-long to their only home, it does go to show that even those that many of us expect to be pretty untouchable, are more than capable of making fundamental errors with their finances. And why not? These movie stars and sporting giants are no more likely to be fiscal geniuses than the rest of us.
For keen-eyed buyers, still in possession of deep pockets and hoping to scoop up a prestigious property, there are plenty of glitzy spreads coming onto the market at bargain-basement prices, relatively speaking.
It certainly appeals to some people, to live in a house where a reality-TV star briefly ... more

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