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It's A Crisis!

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Former Nightline host Ted Koppel is desperate to sell his home.

It's actually been on the market for THREE YEARS already!

Koppel has been trying to sell his suburban Washington, DC home since 2005, when he originally listed it for $4.1 million.

And, now in 2008, he's cut the value by more than half.

Whatever it takes! Gotta unload!

Last August, he lowered the asking price to $2.3 million for the 9,000 square-foot, six bedroom home. It is located on 2.5 acres and includes an indoor pool, a maid's quarters, a gym, a sauna, and even a horse barn.

His current asking price is now $1.94 million.

As for Koppel and his wife, they have moved into a larger home a few miles away but still have not been able to sell their old place.

The economy is in such a shitter.

But, at least it's good for any potential home buyer's out there!

[Image via WENN.]

    Posted: Jun 6, 2008 at 7:30 pm / Email this  »
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    63 comments to “It's A Crisis!”

    1. hv says – reply to this


      1

      FIRST!!!

    2. yumyum says – reply to this


      2

      Ted Koppel looks like the guy on mad magazine

    3. Jeff says – reply to this


      3

      Well Whoopde fucking shit

    4. Jesus says – reply to this


      4

      It makes me smile when a greedy Jew doesn't get all the money he wants.

    5. karen says – reply to this


      5

      first

    6. alexa says – reply to this


      6

      1st?

    7. TedSta says – reply to this


      7

      Things suck all over, more so for some.

    8. oh says – reply to this


      8

      that suuucks

    9. $$$$$$ says – reply to this


      9

      At least he was able to upgrade and is'nt in the sad situation that Ed McMahon is in.

    10. BlueSe says – reply to this


      10

      Poor Ted. I wish that I had so much to worry about. I only worry about keeping food on the table, paying for gas and my kids college. Poor Poor TED!

    11. Nah says – reply to this


      11

      #4 Now you are just being cruel

    12. olya says – reply to this


      12

      oh, we'll all be affected by this unfortunate market situation… can't say i feel too bad for this guy though

    13. Jaclyn says – reply to this


      13

      so sad good luck Teddy!

    14. PoorTe says – reply to this


      14

      Him and Ed MacMahon should have a pity party!

    15. vale says – reply to this


      15

      hola perez! ojala leas esto!, soy vale de uruguay y queria decirte que aca te amamosssss!! sos lo mas grande!
      we love youuuuuuuuuuuuuuuuuuuuuuuuuuuuuuu sooo sooo much :)

    16. betduk says – reply to this


      16

      I'm glad these rich old celebrities are losing out just like the rest of us folk. Most of these rich bastards are republicans who voted for Bush. They get a taste of their own medicine.

    17. Ugh says – reply to this


      17

      Suze Orman gave a grim outlook.

    18. So wha says – reply to this


      18

      What the story DOESN'T tell you is that he probably paid $110,000 for it in 1969.

    19. Nope says – reply to this


      19

      I agree. I didn't vote for Bush.

    20. kate says – reply to this


      20

      how much did you get paid to make this post, mario?

    21. Dexter says – reply to this


      21

      I hear Ed McMahon is in the market for a new crib.

      Dex Bax
      The World According to Otis

    22. Richie says – reply to this


      22

      BUSH is solely to blame for this stinking economy, supported by his criminal family and the criminal Republicans. Anyone who votes for McCain is a blithering IDIOT. Anyone who votes for McCain is UNAMERICAN because you're voting for the continued destruction of our economy and our national security through continued pointless WARS.
      McCain is not a war hero. A war hero saves someone's life. He was shot down and he survived for 4 yrs in a prison camp. That does not make him a war hero. He has NO PLAN for anything other than to continue the wishes of the corporations that have ruined the US for the past 7 years. His plan for health care? "To continue to let market forces drive costs"…well, so far, market forces have driven costs UP…500% since Bush stole the presidency. Or maybe the pharmaceutical industry will just get tired of counting all this money and let it trickle down? Not likely.

    23. Frankl says – reply to this


      23

      Can anybody hear what I'm playing right now? That's right — the violin of whogivesafuckaboutthesecelebtards.

    24. Alison says – reply to this


      24

      Could you please tell me how the fuck the fact that one person can own two multimillion dollar homes miles from each other indicates that the economy is "in such a shitter"??????

      The first house hasn't sold because Ted hasn't dropped the price low enough for anyone to be interested. It's a buyer's market.

      Get a clue.

      And to Richie: GEORGE BUSH COULD NOT GIVE A SHIT WHETHER TED KOPPEL'S HOUSE SELLS OR NOT. THE PRESIDENT OF THE UNITED STATES HAS BETTER THINGS TO DO THAN TO MANIPULATE THE HOUSING MARKET. QUIT BLAMING BUSH FOR EVERY DAMN THING THAT DOESN'T GO THE WAY YOU THINK IT SHOULD

    25. dee says – reply to this


      25

      Re: Jesus – Jesus was jewish you fucking idiot

    26. Molly says – reply to this


      26

      Proper grammar please! "Buyer's"! I just want to cry!

    27. dee says – reply to this


      27

      Re: betduk – you dont know shit about who 'these rich bastards are'

    28. hayley says – reply to this


      28

      he lives right near me in MOCO, maryland. those houses are sweeeeet

    29. Kristi says – reply to this


      29

      Actually, NO, Perez…it's not exactly "good" for potential buyers. The truth is that despite dropping house prices, the banks are making it MUCH more difficult to get a mortgage.

      So, it sucks for everyone. Get it right, reporter.

    30. Gina says – reply to this


      30

      oops..I thought that was Prince Charles

    31. muley says – reply to this


      31

      perez, you clown, did you ever think Koppel can't play the housing market for shit and asked a ridiculous amount of money in the first place and is only now realizing that 'hmm yah, maybe i can't gouge some chump in this economic climate because even that ape knows better than i that this home isn't worth half of what i was asking and i can assess no sentimental value because i'm only Ted Koppel but i'm still a rich bastard in a new palace until i can get rid of that other mansion so don't even play.'

    32. M says – reply to this


      32

      Hey Perez, learn how to use apostrophes properly.

    33. Guy's says – reply to this


      33

      I remember him on a radio show whining about how his town was allowing McMansions to be built on the road to his house…that he actually had to drive by them on the way to house!
      I guess he moved to get away from the common people creeping toward his *real* mansion.
      Now that his old mansion isn't selling, I guess he has something else to whine about.

    34. Jesus says – reply to this


      34

      Re: dee –

      I know I was. That's how I know how fucking sick they are with greed.

    35. e2 says – reply to this


      35

      POTOMAC, MD 20854 baby…



    36. 36

      Sniffle, sniffle. I'm all choked up. But seriously, I live in the DC suburbs myself, and if a 9,000 sq foot home on 2 1/2 acres can't sell at even half price there's something wrong with it. Things aren't THAT depressed around here!

    37. shu says – reply to this


      37

      no one can even get a mortgage these days

    38. ashley says – reply to this


      38

      How do I find the listing for this house?

    39. julia says – reply to this


      39

      i used to live near his house. it is a very lovely, private home; but suburban d.c. is not cheap!

    40. SAE says – reply to this


      40

      I HAVE BEEN IN THAT HOUSE! it is contemporary and and very erie. we are selling our house to so my dad and i went to look at it…HORRRIBLE!!!! its not going to sell..oh and the realtor was saying how he is ready to sell just place an offer and she thought he was going to accept.

    41. SMEGMA says – reply to this


      41

      Yeah, poor Ted. By the way, he's one of those farmers who made millions of dollars from the U.S. government by NOT planting. His DC home could burn for all he cares. It's not like it's making money for him. What a guy!

    42. MEMPHI says – reply to this


      42

      It is definitely a BUYERS market! I hope he sells his home quickly!

      Need a great Realtor in the Memphis area?! Email Kim @ kimberlybaker07@yahoo.com. I will work for YOU!

    43. audrey says – reply to this


      43

      please hire an editor!! "buyer's out there" —-ughhhh.

    44. ThisSi says – reply to this


      44

      This site is dying a slow, painful death…

    45. FatBit says – reply to this


      45

      reporting real news now Perez? Really? You may give Anderson Cooper (swoon) a run for his money after all.

    46. perez says – reply to this


      46

      um, the apostrophe is incorrect is "buyer's" you stupid fuck. please try to correct your grammar before looking like a total fool.



    47. 47

      Re: Alison – Amen to that. Remember the Jimmy Carter years?



    48. 48

      Re: SAE – See? I thought so. It must be a real dog of a house not to sell at 1/2 price with that much land. Still don't feel sorry for him .

    49. kait says – reply to this


      49

      Perez, please learn how to punctuate. Even your rare semi-adult postings sound infantile with typos like "home buyer's out there."

      Hire an English-major intern.

    50. HJ says – reply to this


      50

      Is this his house on the St.Mary's River in St.Mary's County? If so, I'm surprised no one has purchased it, the location is beautiful and remote, it's private and quiet and has docks, and a private rocky beach. Lovely. But, maybe that's his summer home and he's trying to unload some other property. Maybe Perez could help him out and buy the property if the Hot Topic thing really takes off. Because you know what people can't get enough of even in these trying economic times, cheap clothes.

    51. Garce says – reply to this


      51

      The home is located far from Washington DC and the commute into Washington DC from the suburbs is awful with gas prices sky high and traffic so bad and to heat a home 90000 sq. ft is not very economical or "Green" living. Not a Washington DC local but a wanna be in Washington DC but living in the suburbs of Potomac Maryland. Potomac Maryland has nothing to do with DC just another Maryland suburb. Nice place Poptmac Maryland but not Washington DC were city properties are much more expensive and taxes are higher.

    52. richie says – reply to this


      52

      The last I heard we could make as much money as we wanted in our democracy. It's ours to do as we darn well please with it. Sorry for Ed McMahon who didn't know what the hell was going on with his life but Ted Koppel seems to know. Good for him. He found a way to make money. Kennedy made his money in booze. Warren Buffett owns most of the stores we shop in. If you have $100,000 you too could join his group by buying his stock!

    53. TskTsk says – reply to this


      53

      but apparently he's still able to afford two multi million dollar homes. I feel so bad!

    54. Rash M says – reply to this


      54

      Rest In Peace, Ted Koppel.

    55. HJ says – reply to this


      55

      Re: Garce –
      Far from DC? Please. Potomac, MD is 20 miles from DC, tops. That is not what I consider far from DC. Now driving down River Road during the morning or afternoon rush to get to and from DC from Potomac, now that's a beast.

    56. honeyd says – reply to this


      56

      Ironic that Teddy is having trouble selling his housing considering he's friends with McCain.McCain's economic adviser is Phil Gramm;the one responsible for the mortgage crisis were in right now.Maybe Phil boy will find u a good buyer mother fucker!

    57. Laurie says – reply to this


      57

      Oh BOO HOO! They moved into a bigger place, more than 9,000 s.f. and we're supposed to feel sorry for this SOB?

      Sorry, but I can't conger up any tears!!

    58. roach says – reply to this


      58

      Koppel is another bitch complaining about not selling his home that's worth more than most of us make in a year!! The economy is tanked! Oh no me and nick hogan have so much in common!! Waaaaaahhhhh! Fuking dip shit!! Y don't u try living middle class while the rest of us bitch about u not mowing our lawn!!

    59. Grace says – reply to this


      59

      Re: HJ – Potomac Maryland is too far from Washington DC to walk and the Suburban traffic to and from is as you said awful. Plus no parking for out of town vehicles and even DC residents can not park longer than two hours when in different zones in Washington DC.

    60. jenbun says – reply to this


      60

      why buy a new home when it's going to become worth less than you paid for it?



    61. 61

      GOTTA UNLOAD ??!! LMAO ..

    62. getwit says – reply to this


      62

      Oh ok Perez…he is in a CRISIS so you say??? How is it he can afford 2 homes??? The new one is BIGGER than the other according to you. I do not think that he is in a crisis…come on.

    63. Dekay says – reply to this


      63

      "Buyer's" = evidence of an education system dominated by liberals.

      It doesn't matter if you spell correctly or use proper grammar or punctuation — ooooh, it doesn't even matter if you make sense…it only matters that you express how you feel and that you feel good about yourself.

      Obama = the oprahfication of the united states of america.