Jose Canseco Loses Home
Former slugger turned national laughingstock Jose Canseco became America's least sympathetic victim of the housing crisis this week when he announced that his multimillion-dollar home has been foreclosed upon.
From the AP:
Canseco told the syndicated TV show Inside Edition that he walked away from his $2.5 million, 7,300-square-foot home in suburban Encino because it didn't make sense to continue making payments. "I do have a judgment on my home and it to me is very strange because it didn't make financial sense for me to keep paying a mortgage on a home that was basically owned by someone else," he said in an interview that aired Thursday. "You know my life, this financial thing, is a very complicated issue. Obviously, when you make all that money, people think, 'OK, let's assume it is $35 million.' People have to understand that $35 million, you're paying the government 41 percent. That leaves you with about $17 or $18 million, not even. Then you're taking care of your whole family."
Tough to argue with that. I mean, have you seen gas prices lately? It must be a couple hundred bucks just to fill up your chopper.
Tags: housing market | foreclosures
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LOSER
Yeah only brings home 13 million...he has so many financial problems. What a loser making excuses. He should learn to live within his means. He shouldn't have purchased a home he couldn't afford. 7,300 sq ft. Who was he housing anyway?
People who are judgmental and unsympathetic
"Let he who is without sin cast the first stone." Or "Do not judge, or you too will be judged." Whatever mistakes Jose Canseco has made in his life is his own business. The world does not need people who are self-righteous and judgmental. You are part of the problem, not the solution. All of us make mistakes. Just because Canseco has more zeroes to his income doesn't change the fact that he's a human being who has had to learn life's lessons and suffer the consequences.
Sympathy? yeah right.
I agree with all of you. what a pathetic loser. I take home just over $4k a month and live very comfortable with a wife and two kids, one new car, a mortage, a project truck, and I still help my family. My point is that money management is the key.
My wife and I arent luxurious people but we live a good life.
I dont get how these millionaires lose things. I dont have any sympathy for this guy. He probably spent most pf his money on steroids anyways. That is my biggest pet peeve in life, pathetic losers who make up excuses that someone else is keeping them down. good luck Canseco, hope you find a nice cush apartment.
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