Britney Spears just lost $1.2 million

Britney Spears former home in Beverly Hills

Britney Spears listed her former Beverly Hills home for sale on Monday for $5.495 million (the same house she held her two kids hostage in in 2008). She bought the house in 2007 for $6.75 million. Um, I'm pretty sure that's not how you're supposed to do it. From the listing:

Exquisite Mediterranean villa, move in condition. Located in prestigious 24 hour guard gated Summit. Artisan-quality craftsmanship embraces every element of this elegant home. Property features five bedrooms and six baths plus a maid's quarter. Warm and inviting master suite offers his and hers baths, fireplace & romantic loggia. Fabulous chef's kitchen with Viking appliances, walk-in pantry & large breakfast nook open to spacious family room. Ultimate indoor/outdoor lifestyle with all downstairs rooms opening to backyard with pool & spa, lushly landscaped and completely private. This exceptional property is gated with a three car garage.

The obvious culprit for the decline in value of Britney's home is the current recession. However, a more likely explanation is that Britney's house is just suffering the same problem as her career: not worth what it used to be. Luckily for Britney, if she really wants to recoup the money she's lost on this property, all she has to do is turn it into her dream home: a KFC. She won't even need employees. Jayden and Sean can totally run the fryer.

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Mike

The property doesn't seem all that impressive. Its attractive and maybe nice if you knocked down the houses on either side of it so it actually had some sort of a yard. It still has the new money, marble mausoleum look of a McMansion. During her break down, I read somewhere she was worth in excess of $100 million. I would have thought she could do better.

gregg

why don't britt do a playboy spread for 2 million??

even her fat ass will still get attention.

Matt

this article seems hell bent on slamming this poor girl any way it can.

If someone can sell their mansion for half what they bought it for two years ago, they are doing very well in todays market. Luxury homes are some of the hardest to sell properties around.

I think her agents asking price might even be a bit ambitious, but thats what a listing agent is supposed to do, find the highest reasonable price you can attain for a property and then ask for about 105%-110% of that.

Its all just bait to get us posting in these comment threads I suppose, but its disheartening to see such thinly veiled pandering to our base instincts receive such prominent media positioning. Who gave this (unidentified) writer an audience, and why?

The world needs an un-Digg for stuff like this. Until that arrives, I guess I'll just have to remember to never, ever return to celebuzz.com.

Jdoubleus10

Sounds like a solid business decision, house appears in good order, staged to appeal to the public. What is the problem?

Angeleyes2

Man, that's awful! I can't imagine Britney Spears picking out this cold, house on that tiny property. It's crammed against a mountain and looks unsafe for kids. Come on Britney, you can so MUCH better than this, and for less! Those kids need safe running, biking, swimming room. This is for a settled couple with visitors.

JayPea

Ahh, you 'loosers' who can't spell the word 'lose!' A 4-letter word and it is arguably the most misspelled word in the lexicon. If you can't spell, please don't comment, because intelligent people who can't spell use spellcheck or a dictionary. Those who don't, well, let us just say their opinions are compromised.

eatme

Wow, you sound like an uneducated prikkk.

Kisses.

vernice

She needs a good home stager, That house is ugly and oldmaid looking. Breath some life in that house!!

Tony the Tiger

BRITNEY WAS ROBBED BY THE INVESTMENT CLASS!

Britney did not "lose money," it was this damnable Luciferian economy that was created by the Investment Class with their fiat currency ever seeking to take something through the deft manipulation of "money," that did it.

When do the people "get it," there is no such thing as a Federal Reserve Note? It is a damn scam game designed to rob the ignorant blind..

"Go," they tell you and place your 'money,' into an account that is protected by the good faith of the American people, and then "presto - poof," it dissappears..

Banking and stock investment and real estate investment are all scams designed to rob the ignorant, who trust in others, who then steal all they can when the money [which is in reality only a ledger with numbers on it] is manipulated behind the scenes..

"YOU WILL ALWAYS HAVE THE POOR WITH YOU!" [Jesus]

"THESE THAT PROSPER IN THE WORLD, THESE ARE THE WICKED!" [David, Psalm 73]

Get real, and quit your damnable lying..

Gdrive

If she just listed it then it's not "Lost" yet.

Paul

She should let Obama know. He promised to help home owners keep their homes and not loose money. However, maybe there isn't much he can do except a bailout for California. Rumor has it that California's economy is going in the tank and it may be the next Greece. There is nothing the politicians can do to save it. Lousiania's economy is still good, so maybe the Britster is going to cut her losses and return home to Cajun Land.