No Takers for Ex-Citigroup CEO's Home

Chuck Prince, who lost his job to the mortgage mess, gets a firsthand look at the housing market.


Looks as if the housing crisis gods have a sense of humor after all.

Former Citigroup CEO Chuck Prince—who lost his high-powered post after the company unveiled painful mortgage-related losses—reportedly can't find a buyer for his home.

From Bloomberg:

Prince's five-bedroom Tudor-style house in Greenwich, Connecticut, has been on the market for six months. He has cut the price by $300,000 to $5.85 million, according to the property listing.

The housing recession has hit the bedroom communities that Wall Street favors most. The median home price fell 8.1 percent in Greenwich in the first quarter from a year earlier. Declines were as much as 25 percent in 14 of 19 wealthy Manhattan suburbs in Connecticut, New Jersey and Westchester County, New York, since the start of the year, according to a Bloomberg survey of brokers and multiple listing services.