The real estate market is still pretty shaky, even for celebs. Comedian and actor David Spade has been unable to sell his Malibu mansion, forced to rent the place out.
The actor put the four bedroom, three bathroom beach house up for sale last year with a price tag of $16 million, almost $7 million more than he paid for it in 2005, which means he obviously hasn’t been watching any of the news for the last six months.
Spade has refused to reduce the price for the house, located near homes owned by Leonardo DiCaprio and Charlize Theron. Instead, he’s renting the place.
A source told the National Enquirer, “After a year on the market, David finally realized the house just wasn’t going to sell – so now he’s resorted to renting the place for $65,000 a month.”
Poor David, just $65,000 a month? Wah.
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