Beyoncé Takes a Financial Hit on Miami Property
Thu, 15 Dec 2011 10:27:57
It's still a buyer's market and no one, not even Beyoncé is immune to this cold, hard fact of the economy. According to TMZ, Beyonce sold her beachfront Miami property for around 75 percent less than what she paid for it. Usually, you buy property and it always appreciates, so you make some return on your investment. Not so for Bey!
Back in 2002, Bey bought the small cabana for $465,000. She sold it for $110,000. She must have wanted to unload it badly if she was willing to shoulder than significant of a financial loss. But something tells us the mommy-to-be's bank account ain't hurting.
Mortgages: Yay or nay?