Even celebrities can lose in the real estate game, and several did in this past year. Nine big names stand out when looking back.
Katy Perry bought a mansion in California for $6.5M in 2011. At the time, she and her now ex-husband Russell Brand had planned to move in and use it as their home, but the couple split and Perry was forced to sell it for less than she'd paid: $5.65M.
Reese Witherspoon bought her home her ranch in California in 2008 and was even able to use it as her wedding venue in 2011. At the time, she paid $5.8M for it. She listed it for sale in 2013 for $10M, but she was forced to cut the price several times before finally selling it for nearly a million less than she'd paid for it.
Michael Jordan has been trying to sell his Chicago mansion for some time now. the original price tag attached to it was $29M, but over time it was cut down and then put up for auction, all failing to find the right buyer. It's currently back on the market.
Andie McDowell lost $25,000 on her home that she lived in for only nine months. Hillary Duff lost even more at taking a $30,000 hit on her home this year, though she'd owned it since 2008.
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