Things are tough all over. Actor Nicholas Cage's Bel-Air mansion was put up for auction yesterday morning after Cage defaulted on an $18 million loan on the property. Bidding opened at $10.4 million, but was quickly halted after there were no takers. The property now reverts back to the foreclosing lender - one of six holding loans on the home.
The home, once owned by Dean Martin and later by Tom Jones, was described by one realtor as 'frat house bordello'. Sounds like someone's soon-to-be-former Arlington splash pad.
Cage's financial woes have recently become fodder for tabloids. In October, Cage sued his former business partner, accusing him in part of "lining his pockets with several million dollars in business management fees while leading Cage down a path toward financial ruin. "
If his partner was responsible for Cage picking his recent roles, there might be a case. NOT THE BEES!!!!
The Blog: A compendium of thoughts on politics, world affairs, economics, pop culture and social issues, from the center right perspective of me--Bryan McGrath--a University of Virginia graduate who spent a career in the world's greatest Navy keeping my mouth shut about politics and social issues (ok, publicly keeping it shut). Those days are over! Pull up a chair and chime in where you will. Keep it clean, civil, concise and relevant.
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