Re: Lindsay Davenport Selling Her Houses
i don't understand why anyone assumes that lindsay, or anyone else in her position is necessarily very very wealthy or have that kind of untouchable wealth that say a warren buffet or bill gates have.
wealthy people do overextend themselves and this is a case where she probably did. trust me. almost nobody would happily sell two properties right now unless they really had to.
the economy is in the toilet, home prices are down significantly (esp. in california), unemployment in ca is more than 10%, etc.
imo, unloading two properties in these times is almost like a distress sale. not saying she is broke, but obviously, she can't afford the properties.
she's also asking too much. i'd like to see what they sale for. ca real estate has lost more well more than 20% of its "value" in some places.