Quote from jsmooth:
50 Cent made 400 Million from the whole Vitamin Water buyout (http://www.sixshot.com/articles/7220/) - i highly doubt he's selling as a result of the sub prime mess, and he cant pay the mortgage.
Did you even read the article or the headline? No, he did not make 400 mil, and I doubt he would have gotten even over $100 mil from the actual buyout.
Just so you know, when celebrities & stars sell expensive mansions for frivolous reasons, they sell among each other. If these mansions are on the open market, there are real financial reasons. And apparently a lack of buyers, looks like wealthy celebrity mansion afficiados are not common.
Many of these rappers overpaid for their mansions and need to free up cash for whatever reasons. My guess is that their latest ventures into creating & branding useless consumer product lines have lost traction. Otherwise, why would you sell real estate in a declining market and receive dollars which are declining in value as well.
Between the record industry troubles & the hurt consumer, these rappers need cash because their ventures have went into the red. Meanwhile, their luxury lifestyles are catching up with them.