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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Reader Comments
Kimberly Clark of CA
One word for you Kimmy the Hoe, loser
poor can can can
Yeah, when you have to support your family on only 17, 18 million dollars thats so horrible... imagine what he would be saying if he had to work for a living - $38k a year sounds nightmarish now - don't it?
Canseco
SAY W/ U MAY CANSECO....SOUNDS LIKE U HAVEN'T A CLUE IN LIFE. ONE SHOULD'T LOOSE HIS HOME MAKING MILLONS A YEAR. SOUNDS LIKE YOUR LIVING BEYOND YOUR MEANS UNLESS YOUR JUST THAT STUPID.
Living
OMG!!!... How could anyone live on JUST $1-1.5 Million dollars a month???
The jerk who can't budget
Jose Canseco is typical person who cannot budget his million dollar earnings.
No one should be sorry for him losing his home. He is a jerk and no one
cares about him. If you know his history you will say the same thing that I do.
Complicated life
Jose, you made this life for yourself. You talked in your interview about your life and finances being complicated. What in the world can be hard about being a multi millionaire. Live like the middle class person on a million dollars and you will have money to give your great grand children. Try living on my Firefighters pay and supporting your family. Not to mention the Fuel prices that effect groceries and utilities, etc, etc. Sounds like to me that you need to get on your knees and pray and ask God to help you!!! I don't think anyone else feels sorry for you. I am a compassionate person but you have to help yourself and stop expecting people to feel sorry for you. Stand up and be a man and get it together. You may be retired from baseball but you aren't too old to get a real job!
People like him endup committing suicide
I feel sorry for him because for many years I try to contact him to give him vocational advice but he is always busy with the wrong person
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who cares
he's hot, I don't care if he's broke, he can move in with me as long as he keeps taking steriods to keep those muscles buff. He can even invite his twin brother over on my birthday. I mean theirs. Oops.
May 05, 2008 03:26:03 AM [permalink] [report comment]