CHER REFUSES TO ACKNOWLEDGE ECONOMIC DOWNTURN

Photo Credit: Splash News
Cher is using reverse psychology to sell her “Italian renaissance” mansion in Malibu. Back in 2001, she put it up for sale for 25 million and that was when the real estate market was very strong. She couldn’t sell it, so she removed all her dark and gothic decor and auctioned off the furniture. She redid the place in beachy, neutral colors and insisted she intended to keep it. The house, built to her specifications in 1992, has six bedrooms in 14,000 sq ft, with beach views. Now it’s back on the market and it’s been marked UP to 45 million! While everyone is lowering prices, Cher almost doubled her price!

16 Comments so far

1. By Anonymous
   On August 1, 2008 at

   Her newest toyboy will like it.

2. By Anonymous
   On August 1, 2008 at

   looks like a nice place but she’ll never get her asking price. Not even close. Although, she needs the extra money for botox and plastic surgeries.

3. By kait
   On August 1, 2008 at

   The mantra of real estate agents worldwide: It only takes one.

4. By The Court Jester
   On August 1, 2008 at

   She should just rent it or sell it to the Jolie-Pitts when they want a little break from the French Chateau. The 6 kids need to see Malibu, too, you know. The little darlings might get bored with the luxury of the mansion they are in now and want to see the riches of Malibu.

5. By Anonymous
   On August 1, 2008 at

   Imagine the electricity, property taxes and upkeep on a 14000 sq foot home. Sonny is rolling in his grave…

6. By gerard Vandenberg
   On August 1, 2008 at

   she simply must be thinking:
   THERE MUST BE AT LEAST ONE PERSON ON THIS PLANET AS CRAZY AS A HORSE, not?

7. By Ventura
   On August 1, 2008 at

   Thanks for posting the picture of the place. I’ve been looking everywhere to see what it looks like. $45 million? Good luck with that, Cher.

8. By Anonymous
   On August 2, 2008 at

   GOOD LUCK CHER….HOPE YOU FIND AN IDIOT…LOVE YOU

9. By Anonymous
   On August 2, 2008 at

   OH, I am so glad she’s doubled the price! Let me just feel around in my couch; I’m sure I have that much under the cushions. I’ll run right out and buy it. *ROLLING EYES* The botox has rotted her brain if she thinks anybody will pay that much for a house in this economy.

10. By Red Rooster
    On August 2, 2008 at

    There’s a newly-rich asshole born all the time — Steve Schwarzman from the Blackstone Group comes to mind. Overpays for a mansion in the Hamptons and then tears it down to build a new one.

11. By Anonymous
    On August 2, 2008 at

    Too much plastic and botox has fried her brains.

12. By Jeri Sinefelt
    On August 2, 2008 at

    And….she is empty inside, that’s what counts. Inside. That’s where real life is, not in your material holdings on earth. Turmoil abounds. Somewhat pitiful is she.

13. By Anonymous
    On August 2, 2008 at

    A russian just purchased a property over seas for 500million recently what is 45 million? All you need is foreigner who wants to be in the states hopefully Malibu for hanging out.

14. By Go McCain!
    On August 2, 2008 at

    Everything is relative – including money. Look if people are dumb enough to pay hundred of thousands of dollars for Star Trek memorabila there will be people rich and dumb enough to buy a 45 million dollar home.

15. By Anonymous
    On August 3, 2008 at

    Why do people have to be dumb? They just have the money. It’s 2008 not 1920’s or 30’s where people can purchase a mansion for $10,000 for a mansion even the poor people couldn’t afford that at that time. Some people can only afford a ford, honda, toyatoa where some people can afford and maintain a mercedes benz, ferrai, or an aston martin. How is this any different? The same as only affording to eat at the bodega or eating at a 5 star restaurant every night.

16. By jemms
    On August 3, 2008 at

    uh, good luck in this economy.

16 Responses to “CHER REFUSES TO ACKNOWLEDGE ECONOMIC DOWNTURN”