Hollywood stars lose money in housing slump
Celebrities lose millions of dollars as housing slump hits US
A-listers in Hollywood are losing their millions as the housing collapse in America has forced them to cut the price tags of their mansions.
Business magazine, Forbes, has compiled a list of some of the celebrities who have been affected most by the property slump.
Avril Lavigne has been forced to slash her five-bedroom, six-bathroom house in the Hollywood Hills from .9 million (£3.6 million) to .8 million.
Whilst former Guns N’ Roses guitarist, Slash, is so cross about the amount of money he has lost on his Hollywood mansion that he is suing his former estate agent. Slash bought the home for .2 million in January 2006 and sold it in December for .7 million.
British hairdresser, Vidal Sassoon, has also been affected after cutting million from the asking price of his home, which still remains unsold.
Finally Dido, who includes Leonardo di Caprio and Tobey Maguire among her neighbours, is yet to find out if she will be hit by the collapse after only just putting her three-bedroom home on the market for .6 million.
Video: Inside Rio’s favelas, the city's neglected neighborhoods
The Metabolism Miracle For Women Over 40
How to Succeed in Life as a Late Bloomer
How to Lie
23 Easy, Last-Minute Halloween Makeup Looks
66 Amazing Mother Daughter Tattoos
When a Second Chronic Condition Complicates Multiple Sclerosis
Black-and-White Whoopie Pies
How to Find Your Ancestors Online
Where They Are Now: The Complete Cast of Clueless
Ben Simmons Wins Rookie Of The Year