The Conservative Cave
Current Events => Economics => Topic started by: RobJohnson on August 15, 2008, 01:04:38 PM
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BEVERLY HILLS, Calif. (AP) — Donald Trump will soon be Ed McMahon's landlord. Trump announced Thursday he would save the television personality's Beverly Hills mansion from foreclosure by buying it for an undisclosed amount and leasing it to McMahon.
The developer told the Los Angeles Times he doesn't know McMahon personally, but acted out of compassion because helping out "would be an honor."
McMahon, 85, who was Johnny Carson's sidekick on the "Tonight" show for three decades, has not worked for about 18 months because of a neck injury. He defaulted on $4.8 million in mortgage loans with Countrywide Financial Corp.
http://ap.google.com/article/ALeqM5hnRDS41TT3Iy0z4ISL2-0fOVA8pQD92IQ4GG1
Most people just move into a place they can afford.
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Ed's 85. The Donald is probably guessing he won't be around much longer.
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Ed's 85. The Donald is probably guessing he won't be around much longer.
Of course we don't know what the lease payment will be but at 85 you have to wonder if Ed will be getting back to work to make it.
I suspect the Donald got a pretty good deal. All the same, nice of him to help Ed.
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Ed's 85. The Donald is probably guessing he won't be around much longer.
It's a bet that Don can't lose!
Maybe the story will end up on an episode of "flip that house"
:-)