Who doesn't love Ed McMahon? (Or at least Phil Hartman's portrayal of him on SNL). But really -come on - Star Search is awesome. After all, it launched the career of Sinbad - who we all know is an A-list celebrity.Because of Ed McMahon's rich history I was sad to hear that he is now facing foreclosure from his Beverly Hills home. Not sad that he will be evicted but sad that he is such an idiot that he is still paying a mortgage at the age of 85. So I guess really the question is . . . if he didn't use his money to pay off his house - what did he use his money for? Maybe that question is best unanswered. But honestly, he really should fire his financial advisors.
7 comments:
He probably blew all his money ordering magazines from Pulbisher's Clearing House hoping to win it himself.
It's not easy keeping up with the Jones, especially when the neighbors are Tommy Lee and B. Spears. Anything can happen when you're sharing a cell (or a neighborhood), cuz.
Isn't it kind of ironic/creepy that Ed lives next to Britney - after all, she did get her big break on "Star Search."
I didn't know about Britney and Star Search! I thought she got her big break as a Mouseketeer -- that was the impression I got from her True Holleywood Story, to which I obviously paid very, very close attention.
I agree -- it is a little ironic/creepy -- more creepy than ironic.
I feel bad for him! He'll be an old Grandpa out on the streets, begging tourists for money. OR--he could follow in Screech's footsteps and make an elicit tape, go on Celebrity Fit Club, and then sell T-shirts that say "Save Ed's House" on them. Hopefully he'll skip the tape.
Believe it or not, a lot of financial advisors(not the good ones in my opinion) recommend carrying a mortgage forever for various reasons (low interest debt, invest the money in something that "should" yield a higher return than the interest liability of the loan, and my personal favorite "tax break on the interest you are paying").
Thanks for the reminder that I'm not an idiot for planning to pay off my house...uh...someday :)
Poor, poor Ed. This going public sounds like an embarrassing sales pitch for his $4.8 million home. Desperate times call for desperate measures. Just ask Screech.
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