Jose Canseco Loses Home

Dignity had been missing since early 1990s.


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.