Source : Mediatakeout
The housing bubble has definitely hit a ton of people across the board. Even the mighty 50 Cent has to rethink the price for his mansion which is probably more of a headache then anything else right now. He has wanted to get rid of this property for years. But if he manages to get at least 6-8 million for it he has made a very nice profit.
The slowing real estate market has caught up with 50 Cent.
After almost two years on the market, the rapper has lowered the price of his Farmington mega-mansion from $18.5 million to $14.5 million, a 21 percent price cut.
“It’s the market,” acknowledged listing agent Deborah Orr of Keller Williams Realty. “With a unique property, everyone acknowledges it’s difficult to pinpoint the perfect market price. We feel we need to stimulate some activity, and that was the intent of the price cut.”
Even with the price reduction, the home is still the most expensive home listing in the region.
The 17-acre property, which in the past has been home to real estate swindler BenjaminSisti and boxing champion Mike Tyson, has many sumptuous features, including a helipad, a 40-person hot tub, a movie theater, two billiard rooms and a disco. It has 18 bedrooms and 37 bathrooms.