Britney Spears Cuts Down Price of Her Beverly Hills Home

In early part of 2008, pop star Britney has put her Beverly Hills home on the market with an increase price of $7.9 million before the world economic crisis.

Unfortunately, until now, the mansion is still on the market,   because of this,  Britney slashed the price to $4.85 million, according to website RealEstalker.com.  The mark down will cause Spears to lose $1.9 million on the property.

This is not a surprising news since Britney is not the only celebrity to cut down the price of her property just to sell it.

Previously, Ronnie Wood was also forced to drop the price of his 11.6 million-dollar home by $2.3 million, putting it on market for $9.3 million.

Joey Kramer, Aerosmith’s drummer has made a massive 27 per cent loss on the recent sale of his home in Massachusetts.  After 19 months, the property waqs finally sold for $2.7 million, the original asking price was $5 million.

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