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Originally Posted by Crittles1  When I first read this story, I was shaking my head in disbelief. This man should be a multi-millionaire with The Tonight Show all those years, Star Search, and writing a book or two. He is 85 and still needs to make money in order to pay the mortgage? Sad. I read that he purchased the house in 1990, and I would think he should at least get twice what he paid for it, but apparently not.
Has he been divorced a couple of times and had to pay up? Only thing I can think of as to why he doesn't have any money. |
He probably took out the equity (sp?) on his home. 18 years ago he might have only paid 1 million. I think a lot of people got in trouble doing the same thing. They never thought the price would go down but here in CA (like many other places) prices are going down, down, down.