Ouch! Times are tough all over, huh?
Sources are reporting that John Mayer is attempting to sell his Los Angeles apartment with an asking price of $1.3 million. Thing is, when he bought the place four years ago in the upscale Pacific Palisades area, he paid close to $1.75 million for it.
That's quite a loss to take on the property, if you ask us!
Then again, he might not even care giving up the four-bedroom apartment and all the trimmings as he reportedly last week leased an $8 million Mediterranean mansion just outside of Los Angeles. It has seven bedrooms and nine bathrooms and includes a state-of-the-art recording studio. This is along with his $2.1 million home in New York's SoHo area he bought five years ago.
So, he's not homeless, but he might be biting off a bit more than he can chew with this mansion business.
Whatever, it's his money. He can throw it away however he likes.
[Image via WENN.]
Tags: apartment, mansion, money, new york, real estate