McMahon Home Woes Persist

Mystery buyer drops out, but Donald Trump may still spring for Beverly Hills mansion
By Harry Kimball,  Newser Staff
Posted Aug 30, 2008 6:16 PM CDT
McMahon Home Woes Persist
McMahon on set with Jimmy Kimmel.   (AP Photo)

Ed McMahon’s money woes continued this week when the sale of his house fell through. The mystery buyer who had topped Donald Trump's offer "did not perform on a specific point of the contract," McMahon's realtor said—although Trump's bid is apparently still on the table. McMahon's plight may have a bright side, ABC News reports, because many Americans are learning that even stars suffer in today's economy.

Pop mogul Michael Jackson, boxer Evander Holyfield, and steroids slugger Jose Canseco have all endured housing woes. Americans are surprised that stars "are still living paycheck to paycheck," one real estate expert said—but one psychologist warns that many will refuse to believe it. "If they can make bad deals, then there's no hope for me as the normal person," she said. (More Ed McMahon stories.)

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