For those who know me already, you know that this blog will be about a lot of things on the periphery of real estate. I came to real estate from the music business, and music, entertainment, and pop culture in general are my life. And what I love about doing real estate in Los Angeles is, often you can tie one into the other.
I came across a VERY interesting, yet equally unfortunate piece about the major decline (financial and otherwise), of America's former first family of Motown, the Jacksons. Seems all is not well in the house of Jackson, with several of the brothers surviving on odd jobs and the kindness of relatives just to keep food on the table and a roof over their heads. Decades of bad advice, bad investments, outlandish extravagance, and an general unwillingness to heed the warnings that certainly HAD to be obvious have left most of the family in near financial ruin. The main breadwinner for the family is now baby sister Janet.
Sad, really, to hear of Jackson brothers stocking shelves in grocery stores and changing tires for a living. What struck me as the most sensational allegation in the article was the systematic dismantling of the family's earning potential by none other than Michael himself.
With Neverland still hanging in the throes of foreclosure, and Joe and Kathryn's Hayvenhurst estate in Encino also seemingly in jeopardy, it doesn't seem that things are going to be getting better anytime soon.