John Mayer - Mayer Sells California Home At A Loss
07 February 2011
Mayer Sells California Home At A Loss
Rocker John Mayer has become the latest star to take a hit in the Los Angeles housing market after selling his Pacific Palisades pad at a loss.
The singer/songwriter bought the sprawling home in 2006 for $1.75 million (£1.16 million) but he was unable to turn a profit on the property.
Mayer has sold the gated, two-storey home for slightly less than $1.3 million (£860,000), according to the Los Angeles Times.
Contactmusic
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