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Entries in Tiger Woods (2)

Friday
Aug102012

Tiger Woods Takes a Hit and Other Celebrities Who Sold Homes at a Loss

iStockphoto/Thinkstock(NEW YORK) -- Tiger Woods' strong start in the 2012 PGA Championships may be making up for the fact that he recently sold his condo in Corona del Mar, Calif., at a loss.

The PGA champion sold his home, which he bought for $3 million in 2004, for just $2.2 million, the Los Angeles Times reports.

Here are seven celebrities who took a loss on the sale of their homes or mansions. Fortunately for them, most have second or multiple homes to give them shelter from adoring fans and paparazzi, and all but one of these homes sold in the multi-million dollar range.

1.Tiger Woods -- Corona del Mar, Calif.


Tiger Woods' condo with beach views, reportedly one of the locations for Woods's infamous affairs, was first listed in April 2012. The property, near Laguna Beach and south of Los Angeles, has three bedrooms, three bathrooms and spans 2,000 square feet.

The listing showed a price cut in June before it ultimately sold for $2.2 million. Woods' main residence is an estate with a golf course in Jupiter, Fla., Zillow reports.

2. Britney Spears -- Beverly Hills, Calif.


Pop princess Britney Spears reportedly took a hit on her Beverly Hills home that she bought in January 2007 for $6.8 million and first listed in September 2008 for $7.9 million.

Zillow reports the listing sold for $4.5 million in April 2012 after six price cuts. Spears bought the five-bed, six-bath home for $6.75 million after her divorce to Kevin Federline in 2006.

"Built in 2001, the Mediterranean-style villa is located in the high-security, prestigious Summit neighborhood," Zillow reports. The 5-bedroom, 6-bath home has a master suite with his-and-her bathrooms and a fireplace.

3. Jennifer Aniston -- New York, N.Y.


Actress Jennifer Aniston bought two New York City apartments in 2011 for $7 million with the intent to combine them.

A year before that, Aniston told ABC's Good Morning America she was looking to return to New York City.

"I grew up here. I miss it," Aniston said in February 2010. "There's nothing like being in the city … [it's] the city of every man. It's all walks and I love that."

Fast forward to April 2012. Aniston has said she felt overwhelmed by paparazzi in New York City. She sold the units with a loss of $500,000, the New York Daily News reported.

4. Rihanna -- Beverly Hills, Calif.


Singer Rihanna sold her Beverly Hills eight-bedroom home in December 2011 for $5.03 million. She listed it in November 2010 for $4.5 million after paying $6.9 million in September 2009. The home reportedly has water damage from the roof and windows and was described as a "major fixer," which previously led to legal wrangling against her landlord.

The gated, three-story home spans 8,520-square feet and has eight bedrooms, 10 bathrooms and three fireplaces.

5. Penelope Cruz -- Los Angeles, Calif.

Actress Penelope Cruz sold her 3,334-square foot home in Los Angeles for $2.88 million in December 2011, after buying it for $3.14 million in May 2005.

On the market for over a year, the final sale price was $807,000 less than Cruz originally sought and $250,000 less than what she paid.

"The 3-bedroom, 2-bathroom Balinese-modern style home was built in 1956, and as since been completely updated by the star and husband Javier Bardem," Zillow reported. "The unique piece of Hollywood Hills real estate is tucked in a cul-de-sac near Sunset Strip and features high ceilings, carved-wood doors, private courtyard, bamboo floors, and an in-ground heated pool with a luxurious tented cabana."

6. John Krasinski -- West Hollywood, Calif.


The Office's John Krasinski bought a two-bedroom, two bath home in West Hollywood in March 2006 for $1.05 million, just one year into his role as "Jim" in the popular mockumentary. Krasinski's career took off while the economy took a turn for the worse.

He listed it in March 2011 for $945,000 and it sold for $880,000 in June 2011.

7. Tori Spelling and Dean McDermott -- Encino, Calif.

Despite being featured on television, the home in which Tori Spelling and Dean McDermott's reality television show, Tori & Dean: Home Sweet Hollywood, was filmed for the Oxygen network sold at a loss.

The couple bought the home in Encino, Calif. for $2.95 million in October 2008 and listed it in April 2011 for $3.20 million. They sold it for $2.5 million in December 2011, according to public records.

<<CHECK OUT PHOTOS OF THESE AND OTHER CELEB HOMES HERE>>

Copyright 2012 ABC News Radio

Tuesday
Mar222011

Tiger Woods' Name Too Tainted for Economic Theory?

Sam Greenwood/Getty Images(CAMBRIDGE, Mass.) -- A new version of a widely-used economics textbook, Principles of Economics, no longer uses Tiger Woods as an example to explain economic theory.

Previous editions of the textbook used an example entitled, "Should Tiger Woods Mow His Own Lawn?" The sixth edition of the book replaced the previous example with one featuring quarterback Tom Brady, as first reported by the Harvard Crimson.

“I wanted students to focus on the economics of comparative advantage -- the main point of this section of the book,” wrote Greg Mankiw in an email to ABC News. “I was afraid that keeping Tiger Woods in the hypothetical example would have raised thoughts of an altogether different set of issues."

Prior to the textbook using Tiger Woods, Mankiw said the book featured Michael Jordan, before the famous basketball player retired.

Mankiw told the Harvard Crimson that he and his editor chose New England Patriots quarterback Tom Brady because he was another celebrity athlete.

Woods is currently competing in the PGA Tour's Arnold Palmer Invitational in Florida, which ends on Sunday.

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