Housing Collapse Hits The Answer

Allen Iverson owns a really nice house in Villanova, Pennsylvania but is trying to sell it for $1 million less than he paid for it:

Unbeknownst to me, Denver Nuggets guard Allen Iverson has been looking to sell his 14,000 square foot home in Villanova, Pennsylvania for over a year now. (A.I. usually calls me about such matters. I thought I had his financial ear.)According to the Wall Street Journal's Private Properties column, Iverson has dropped the price to a "desperation deal" of $3.999 million — a million less than he paid for it in 2003.

I used to run past this neighborhood and it is spectacular. I also happen to be a fan of The Answer. OK, he makes incredible money playing basketball but a $1 million capital loss is got to hurt.