Even the rich and famous sometimes suffer the fate of over reaching house flippers. Back in January, Your Mama discussed the Palm Springs residence that the seemingly ageless glamour icon Cher had on the market for $2,495,000.Thanks to research by Belinda Beaverman, Your Mama has learned that the price has been substantially reduced to $1,999,000. Oh my.
Before we all start to feel sorry for Cher's spangled, beaded and bedazzled Bob Mackie pocketbook, let's recall that according to property records Miz Cher purchased the posh Las Palmas neighborhood property back in 2004 for just $650,000. Then she spent hundreds of thousands more renovating the place, but Your Mama imagines that's she'll still pocket several hundred thousand on her flip out even if she's forced to sell the 4,000 square foot beige behemoth for considerably less than it's current asking price...which it would appear she's going to have to do.
Cher, hunny, Your Mama loves you almost as much as we love Dolly Parton, but gurl, you gotta get a grip on your stagers because they've done messed up that place in Palm Springs with all that beige paint.
If the Dark Lady really wants to unload this place Your Mama recommends that she haul her nipped, tucked and taut booty out to Palm Springs and remove that damn pear painting in the dining room and those ridiculous photographs of her baby smooth face in the den. Lawhd hunnies, who can see past those hideous "decorations?" Clearly no one in the market for a well located $2,000,000 house in Palm Springs.
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