Former slugger turned national laughingstock Jose Canseco became America's least sympathetic victim of the housing crisis this week when he announced that his multimillion-dollar home has been foreclosed upon.
From the AP:
Canseco told the syndicated TV show Inside Edition that he walked away from his $2.5 million, 7,300-square-foot home in suburban Encino because it didn't make sense to continue making payments. "I do have a judgment on my home and it to me is very strange because it didn't make financial sense for me to keep paying a mortgage on a home that was basically owned by someone else," he said in an interview that aired Thursday. "You know my life, this financial thing, is a very complicated issue. Obviously, when you make all that money, people think, 'OK, let's assume it is $35 million.' People have to understand that $35 million, you're paying the government 41 percent. That leaves you with about $17 or $18 million, not even. Then you're taking care of your whole family."
Tough to argue with that. I mean, have you seen gas prices lately? It must be a couple hundred bucks just to fill up your chopper.