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John Mayer Selling His Apartment For Less Than He Paid For It

| Filed under: John Mayer

john mayer selling los angeles apartment for almost a half a million dollars less than he paid for it

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.]

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11 comments to “John Mayer Selling His Apartment For Less Than He Paid For It”

  1. 1

    I'm pretty sure he doesn't really care seeing as how he's not hurtin' for money and probably never will.

  2. 2

    What's he worth? 10MM? 20MM? - - at least the latter — -he can afford the 8M house…

  3. 3

    I know these people have lots of dough but why does he need 9 bathrooms?

  4. 4

    Newsflash idiot, the housing bubble popped. He's not the only one selling real estate for less than he paid.

  5. 5

    There's probablyh bed bugs and crotch crickets roaming everywhere!

  6. 6

    He def lives in a house in Pacific Palisades not an apartment….

  7. 7

    "He can throw it away however he likes."
    Its called a recession. I'm sure if he had a choice in the matter, he would want his asking price.
    But with an over-saturated market ( especially in SoCal), and buyers not being able to get loans as easily, its much harder to sell properties. Most sellers would much rather take a little bit of a "hit" and sell their property as soon as they can, than have their (million dollar) house sit on the market for the next couple of years…

  8. 8

    A lot of people will be doing this over the next few years because of incompetent governance in Washington..by both parties.

  9. 9

    i think he want to start new he seams more reserved and introspective now..i hope he gets his pieces together because he deserve to be happy or at least in peace with himself . i root for him because he gives us so much.and all we do is throw mold at him…well the holy waters digs only in gold so i understand why he's misunderstood… …beautiful men!

  10. 10

    twenty million in watches hahaha….

  11. 11