Trump To Save McMahon's Home

[RiversideGator]

Now this is a nice story we can hopefully all agree on.  Donald Trump will buy Ed McMahon's house (which is in foreclosure) and let Ed continue to live there.  I have been worried about this actually.  I agree with Trump:  Ed McMahon was the guy you saw on TV every night along with Johnny Carson and you hate to see him thrown out of his home.  Of course, the Donald will profit in the end but this really bails out McMahon.

Donald Trump to buy Ed McMahon's house


McMahon had slashed the price on his Beverly Hills house by $1.9 million, to $4.6 million.

Trump will allow McMahon, who was facing foreclosure, to continue living in the home.

By Ann Brenoff, Los Angeles Times Staff Writer

4:07 PM PDT, August 14, 2008

It's "The Donald" to the rescue.

Mega-developer and TV personality Donald Trump has agreed to buy Ed McMahon's Beverly Hills house for an undisclosed amount and allow McMahon to continue living in it. Details of the deal are still being ironed out.

"I don't know the man, but I grew up watching him on TV," Trump said in an exclusive interview with The Times.

McMahon, 85, was facing foreclosure within two weeks on his Beverly Hills home of 18 years. The aging television icon, who was Johnny Carson's sidekick for three decades, defaulted on $4.8 million in mortgage loans with Countrywide Financial Corp. He said in interviews that he was unable to work because of a neck injury that occurred about 18 months ago.

Trump said he stepped in because helping McMahon "would be an honor." His plan is to buy the home from the lender and lease it back to McMahon.

"When I was at the Wharton School of Business," Trump said, "I'd watch him every night. How could this happen?"

The deal with Trump was cemented this past weekend when McMahon's listing agent, Alex Davis of Hilton & Hyland in Beverly Hills, flew to New York to make a personal appeal to Trump. Davis declined comment.

The six-bedroom, five-bathroom house had been on the market for about two years. At one point, it was listed at more than $7 million but dropped in increments, winding up this weekend at $4.6 million. McMahon purchased the house in 1990 for $2.6 million, according to public records.

Lenders had set a deadline of two weeks for another buyer to be found.

http://www.latimes.com/classified/realestate/la-hmw-hotpropmcmahon14-2008aug14,0,6229599.story

[civil42806]

lesson of the story, regardless how reckless you are with your millions of dollars you've earned over the years, its always best to know someone richer. I'm sorry but Ed Mcmahon gets no sympathy from me.

[copperfiend]

lesson of the story, regardless how reckless you are with your millions of dollars you've earned over the years, its always best to know someone richer. I'm sorry but Ed Mcmahon gets no sympathy from me.

Have you seen our national debt lately?

[civil42806]

what in the world does the national debt have to do with ed Mcmahon?

[The Compound]

Awe, the rich helping the rich, so heartwarming.

[Doctor_K]

Awe, the rich helping the rich, so heartwarming.

I dunno.  I think its one person doing something for another.  What's being rich got to do with it? 

[The Compound]

Awe, the rich helping the rich, so heartwarming.

I dunno.  I think its one person doing something for another.  What's being rich got to do with it? 

What about the other thousands of americans losing their homes every day? Is he helping them as well with his endless supply of money?  Hardly.

[David]

Awe, the rich helping the rich, so heartwarming.

I dunno.  I think its one person doing something for another.  What's being rich got to do with it? 

What about the other thousands of americans losing their homes every day? Is he helping them as well with his endless supply of money?  Hardly.

well, that's because the thousands of other americans in foreclosure never said "HEY-OHHHHHHHHHH!" and "YES!"

::searches for youtube clip::

[Bazooka Tooth]

Now this is a nice story we can hopefully all agree on.

Sorry, guy, but one guy's irresponsibility being taken care of by one of the greediest, most disguting people on the planet-- not so much.

I have been worried about this actually.

BWAHAHAHAHAHA-- you have been worried about this? are you KIDDING ME? i can easily rattle off 100 more important and concerning things one could spend his time worrying about.  A celebrity who loses his home ain't one of 'em.  Oh, wait, yeah, you know, all the people losing their jobs and homes, people dying in stupid wars, the possible outbreak of another war-- screw 'em, Ed McMahon might lose his home, OH NO!!!! what shall we do?!?!

That this was actually posted in "news" is an insult to the word "news".

[RiversideGator]

Apparently I spoke too soon when I said that "we can hopefully all agree on" this being a good thing.  I should have known that the envious communists on the site would chime in with their hatred.  Thanks for making yourselves look bad.   

[Captain Zissou]

I think it may be a generational issue.  Today celebrities are moronic and more screwed up than most.  McMahon was of a different breed of celebrity, one actually worth tuning in to.  I feel like it is a good thing that Trump is doing this for him. While this isn't the most important news I'll read today, it is great to see that someone is helping an American icon who has fallen on hard times. 

[RiversideGator]

Agreed Captain.  McMahon is a good guy who made some bad financial moves.  He is now 85 years old and a veteran also and I would hate to see him lose his home to foreclosure (or anyone else for that matter).

[Lunican]

Locking them up is the best solution.  Their problem is they are living on the street due to insanity or criminal laziness.  Locking them up in a secure treatment facility allows society to treat their illness.  If they are just bums, a few stints in the can might change their mind as to begging and bothering people. 

Being homeless is not considered a criminal enterprise.

It is by me and it was considered a criminal offense historically.  You just dont know the history because you have not been taught it in your government school.

[thebrokenforum]

LOL 

[Driven1]

Awe, the rich helping the rich, so heartwarming.

I dunno.  I think its one person doing something for another.  What's being rich got to do with it? 

go to Haitia or Senegal or western China or Myanmar or Krgystan.  look at how the people live there.  and then think of how far that "rescue" would've gone - how many people it would've helped.  you would then understand the sentiment behind the comment.