Sale of Ed McMahon's home falls through; Do you care?

News item: Jane Wells of CNBC reports that the sale of Ed McMahon's house to a mystery buyer who outbid Donald Trump has fallen through:

CNBC has learned that Ed McMahon's mansion has fallen out of escrow and is back on the market. The "Tonight Show" veteran, facing foreclosure, was trying to sell his home for $4.6 million, and two weeks ago he found an unnamed buyer.

ABCNews.com reported last week that the sale was in trouble:

An unidentified buyer outbid (Donald) Trump and was set to buy the house until Thursday night, when he "did not perform on a specific point of the contract," McMahon's Realtor, Alex Davis, told ABCNews.com today.

Reader participation: This is one of those stories that won't go away ... but you can change that. Do you want to know how this story turns out, or have you heard enough?  Let me know your thoughts in the comment section. I'll abide by your collective wishes.

--Peter Viles

Photo Credit: Everett Fenton Gidley via Los Angeles Times

Comments

[eprobert]

enough. enough enough enough. Please let this story die.

[Drew]

frankly, no. i don't care.

[eternal summer]

yes, i want to hear how it turns out.

[Chris Finley]

I don't want to hear any more about Ed McMahon or his house (or Donald Trump).

[tarbubble]

don't care. when you first featured it, it was an interesting snapshot of how fame can fail, but i have no interest in following it.

[oh boy]

Pete, reading more of this unending saga just drains me. The aspect of interest is the fact that another idiot who couldn't manage his money is now looking for a handout or at least a bucket full of pity. I mean come on, how much did Ed earn over his career? One would think he could have paid cash.

A fool and his money.....

[RichW]

This is beating a dead horse. How about more on Laura Richardson ? There is still a little mileage left in that story.

[syscom3]

No More.

[I Live in L.A., Too]

Given that Ed still needs to sell the house or be kicked to the curb, I think this still has interest, and I would like to hear the conclusion.

[E]

At Ed's age, I'm afraid that he may die before the saga of his house will.

[inaweofe]

E is Ed!!!!!!!!
I'm just kidding E, you're way better looking.

[Rational Renter]

Really? People are sick of this story? I think it is a perfect microcosm of the housing market. People (even the rich) getting in way over their heads, and having to drastically cut their selling price to avoid bankruptcy.

And it says a lot about the supposed health of the high-end in L.A.

[matthew]

please dear god let it die....

and hey, why no "Good morning, Mark Sanchez?" Man, I was there and that dude put on a damn clinic.

[Uncle Billy Weighs In]

Yes please. More Ed, more Laura Richardson, and more cowbell. So many questions -- did Trump make a written offer? How come the 2nd buyer bailed out? Couldn't get the loan?

Chad, Madison or Josh could get this deal done in a jiffy (well, as long as Josh's grandma sends them a buyer).

[mucker]

Are you kidding? We've got to know if the Trump will step back up to the plate and take his swing.

[bkl]

Yes we want to know how low the price goes and how much money he loses. While not technically on the Westside (where prices never decline), this house is representative of expensive homes (whose prices never decline). Bring it down (oops, I mean on).

[Jeremy Miles]

Now we're in suspense. Will Trump step in or not? Keep going.

[NevadaGal]

I want to see Ed get kicked to the curb...'cause that is how this story will end.

Keep it comin Peter

[Ace]

Don't you think it would have been easier to put on a little survey widget that registers our votes?

You minus well keep following the story. We've invested a lot into it and would like to know how it ends. Also, I never leave a movie before the end no matter how much it sucks.

[Mike Johnson]

Enough,

I'm sure Ed McMahon is a nice guy, and I'd gladly buy him dinner. But it's not a typical story, much less a perfect microcosm. There are people on my block, and people on the next block, and people on the block after that, who have been ruined by the mortgage meltdown. No billionaire has offered to step in and help them out. Losing your house isn't any easier for the small guy. It's not any easier for the working parents and their kids than it is for the retired celebrities.

[shockg]

For Petes sake, leave the old man alone. He already has one foot in the grave. No need for grave dancing. There's nothing to see here.

[dan k]

I am all for hearing the continuing saga - it provides a good indicator of how far up the food chain defaults will go, and how far the price of "high end" real estate will drop. Will Trump try to bail out Ed again - and at what discount?

[The original RZ]

I'm with the majority here. I don't care to hear/read any more about Ed McMahon's troubles.

But I'd love to read any update on Laura Richardson's woes.

[Tony]

If he had sold it to Trump and it fell through, I would've said let it die. But once again, greed overtook the home owner. He could've gone with the sure thing in Trump's offer, who was riding in to save Ed's behind, but he had to get greedy and take a gamble on the higher cash offer from the unidentified buyer.

Ed is 86 years old - you think he would've heard of the phrase, "A bird in the hand is worth two in the bush."

Keep it coming.

[Ro]

Enough, already. When DT decides to bail out Mr and Mrs. Desperate-But-Not-A-Celebrity who are about to lose their houses, let's have that story.