The financial woes for Terrell Owens continue. This poor dude cannot get a break.
The former NFLer took a big hit on his Atlanta area condo, selling it for nearly half of what he paid for it, according to reports.
Owens, who apparently needs the money, has been selling off what’s left of his real-estate portfolio right and left: both his Miami and Dallas condos were already sold, and now he’s finally unloaded his 1,060 square-foot Atlanta crib.
However, if you do the math, it’s not a good deal for once great wide receiver. He bought in 2005 for $324,600 and then listed it in 2011, where it sat on the market for over a year. He finally unloaded it earlier this month for a mere $180k.
Obviously the new owner made out like a fat rat in a barrell of cheese. The condo comes with 2-bedrooms, 2-baths as well as 24/7 concierge service, rooftop pool, fitness center, yoga studio and a club room — with Xbox & Playstation.
Terrell Owens Takes A Huge Loss On The Sell Of Another Property He Was Going To Loose!
Posted on November 26, 2012
kevin
November 26, 2012
I hope he makes it. He seems to be in a downward spiral.
Charlotte Chick
November 26, 2012
poor thing
Michelle
November 27, 2012
I read somewhere T.O. at one point had $80 million dollars. It’s a little hard for me to feel sorry for someone who has that kind of scratch and then loses it. I’m probably being insensitive and don’t fully understand what it means to have that kind of money. But seemingly basic money management skills should apply… IMO
Charlotte Chick
November 27, 2012
@Michelle..No you’re making perfect sense..a dollar is a dollar and no matter how much you have, it won’t work for you if you don’t know how to work it. People think the more money they have means they don’t have to worry about it when in fact you have to worry about it more..Even if you have an accountant, you STILL need to be up on your money..I don’t have much compassion for him..He don’t even take care of his kids..
Michelle
November 27, 2012
And that should have been the first thing he did; put money away for those kids. The other first thing he should have done was purchase a home flat out! Get the deed in hand. Maybe he did do that. But all of this leasing multiple properties and not necessarily owning anything is stupid. Better get the deed for a house and the title to a car…then go play with your fortune (after you secure your kids’ future and education)!
Charlotte Chick
November 27, 2012
Exactly!
Gloria
November 27, 2012
He needs to go lay on somebody’s couch somewhere. He cries too darn much. He has some heavy duty hurt deep down within. It will continue to torment him until he digs it up and deals with it.
Michelle
November 27, 2012
@Gloria You’re right!
Charlotte Chick
November 30, 2012
@Gloria..You’re absolutely right! He’ll never be any good until he looks within himself to begin the healing process