John Mayer Selling His Apartment For 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.]