Tuesday, May 25, 2010

A Big Loss for former Dodger Derek Lowe

If the children will put on their thinking caps they may recall that way back in September of 2008 Your Mama discussed former Dodger Derek Lowe who'd listed his 4 bedroom Manhattan Beach, CA residence with an asking price of $5,700,000.

Mister Lowe, who signed a bank account filling 4-year and $36,000,000 deal with the Dodgers in January of 2005, picked up the Mediterranean style house located just a half block from the beach in July of 2006 for an even-steven $5,000,000 according to property records.

The end of 2008 brought the end of Mister Lowe's lucrative time with the Dodgers and a half million dollar chop to the asking price of his 4,260 square foot house. By mid-2009, the price had plummeted to $4,599,000. But alas, the million and some clams in price hacking didn't entice any serious buyers eager to sign on the dotted line, at least not for another 9 or 10 months.

According to the man at Manhattan Beach Confidential, Mister Lowe finally managed his real estate white elephant in late May of 2010 for $3,900,000. A few flicks of the well worn beads on our bejeweled abacus shows that's a heart stopping $1,100,000 loss, not counting the fat real estate fees that easily could have cost Mister Lowe another $150-200,000.

Listen chickens, Your Mama is not one to dance on the real estate graves of anyone but we've had a tough time feeling financially sorry the leviathan loss Mister Lowe took on his Manhattan Beach crib since learning that after leaving the Dodger's he signed a 4-year contract to throw balls for the Atlanta Braves worth a brow furrowing $60,000,000. So, you know, as crass and callous as sounds, Your Mama can't help but think that as unfortunate as it may be for Mister Lowe, the professional game player can easily absorb the million dollar plus blow to his bank account. We should all be so damn lucky to earn $15,000,000 or more a year running around in tight pants swinging bats and slapping ass with a bunch of other manly men in tight pants.

Property records show that in April of 2009, long before he sold his house in Manhattan Beach, Mister Lowe laid out $3,450,000 for a French Country style house in the Haynes Manor neighborhood of Atlanta that records and online sources show contains 4 bedrooms, 4 full and 2 half poopers, a wine cellar in the basement and a heated in-ground swimming pool in the back.

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