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Ryan Seacrest Sells the Mansion He Was Living In, Under Value

Submitted by on August 28, 2012 – 2:00 pm Comments

Ryan Seacrest earns in millions, hence it’s no surprise when one hears that he owns a mansion and neither is it surprising, when he sells the one he is living in and buys a new one. The sale in fact, bears testimony to the fact that, Ryan really does have money to burn. Turns out, the 8,000 square foot house, which has a detached nightclub, was listed for $12.9 million but eventually sold for $11 million.  What takes the cake is that fact that, Ryan had paid $11.5 million when he bought it back in 2006.

Ryan probably forgot that, unlike a car the value of a house doesn’t depreciate. The simplest thing for him to do would have been to simply stay put until he got his asking price. Probably a house worth $11.5 million doesn’t really fit into Ryan’s idea of grandeur; he therefore paid an eye-popping sum of 37.5 million to shift his abode to a mega-mansion formerly owned by none other than Ellen DeGeneres. It would be interesting to see, if Ryan sticks around in this house for long and if he actually bothers to make a profit or at least break even when he sells it, whenever he does.

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Another worry for Ryan might be the fact that, with each passing year his fee for hosting American Idol seems to be increasing substantially, which consequently would mean that there wouldn’t be any houses expensive enough or big enough for him to buy in the United States in a few years time. With Ryan’s budget he might eventually be able to buy a small country, whose economy has gone under thanks to the economic slowdown, which somehow doesn’t seem to affect the fee paid to guys like Ryan.

Another interesting piece of trivia which is worth mentioning is the fact that, Ryan had bought his earlier, ‘humbler’ mansion, from the legendary Kevin Costner, who in turn had purchased it from another legendary actor Richard Dreyfuss. With guys like those having lived in that mansion, Ryan could have easily gotten much more than the $11 million that he got, by simply auctioning it.

Nigel Owen

Nigel is a graduate from Birmingham University, Nigel has worked for about 8 years in the banking industry, until one day he discovered his passion for writing. It basically gives him the opportunity to enlighten himself about subjects and things that he normally might not come across.

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