What's Hot on HousingWatch This Week
1. Denver's Bizarre Mayoral Home: Its Fate Now in Question
A debate is brewing in Denver about the fate of a mansion donated to the City by an eccentric billionaire. Bill Daniels built an outrageous mansion in the mid-80's that stands as a monument to the decade (think sunken bar, tanning bed, mauve interior). You've simply got to read more.
2. Carole King Selling Idaho Ranch for $16M, Discounted From $19M
If you're ready to get "So Far Away" from it all, and have a cool $16 million lying around, consider putting an offer on singer/songwriter Carole King's 128-acre Idaho ranch. See details on the luxe property's many amenities -- such as a professional recording studio -- when you read more.
3. Stephanopoulos Buys a $6.5 Million Manhattan Apartment
George Stephanopoulos and family have finally tied up loose ends on the sale of their Georgetown mansion, just in time to take up residence in a $6.5 million pad in NYC's exclusive Upper East Side. A good move for the new face of Good Morning America? Read more.
4. Obama Signs Homebuyer Tax Credit Extension, but Not for Everyone
As anyone who's been following the tax creditextensionstory on HousingWatch is already aware, the Obama-signed extension only applies to buyers who had signed purchase agreements prior to April 30. Just didn't want anyone falsely getting their hopes up. Read more.
5. John Paulson Says the Time to Buy a House in the U.S. Is Right Now
The tax credit extension (for those who qualify, of course) comes at the perfect time, as a major hedge fund guru has declared now to be the perfect time to buy a house in the U.S. See what other glad tidings John Paulson has to share when you read more.
6. Real Estate Fraud: The Story of the Ponzi Scheme Widow
A devious businessman's Ponzi scheme unravels, leaving his (possibly) innocent wife destitute and in danger of losing her home. If tabloid photos of a shamed and bedraggled Ruth Madoff are coming to mind, think again: a similar story is playing out in Ohio. Read more.
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