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Trump Foreclosure with The Donald 08/15/2008
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Donald Trump will reportedly become Ed McMahon's landlord, according to the Associated Press.  Trump announced yesterday that he will save McMahon's mansion from foreclosure by purchasing it for an undisclosed amount, then leasing it back to him.  McMahon, who is now 85 years old and has been out of work for 18 months due to a neck injury, had defaulted on the 4.8 million dollar mortgage even though he's owned the six-bedroom, five bathroom, 7000-square-foot home since 1990.  Not to be confused with Vince McMahon, Ed was Johnny Carson's sidekick on the "Tonight" show for 30 years. 

Thanks to Simple Debt-Free Finance for tipping me off to this news.


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Weekend Edition: Interesting Articles 08/09/2008
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Here are a few interesting blog posts and articles that I've collected over the past week.  Depending on the amount of quality content I can find, I may end up making summaries like this into a weekly thing.  If you've written about something interesting or entertaining over the past seven days that you think should be included, feel free to contact me using the form on the Contact page of this website.

The Financial Blogger discusses television, the biggest time waster in everyone's life:

http://www.thefinancialblogger.com/my-tv-is-eating-out-my-brain/

Jonathan Chevreau from the Financial Post talks about good debt vs. bad debt:

http://www.financialpost.com/magazine/family_finance/story.html?id=610662

For the home and garden fans, Kathleen N. Brenzel covers how to build a patio for under $200:

http://realestate.msn.com/improve/Article_sunset.aspx?cp-documentid=9127735&GT1=35000


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Donald Trump Sells Mansion for $100M 07/17/2008
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CNBC had Donald Trump on this afternoon to announce his sale of a Palm Beach mansion to a Russian billionaire for one hundred million dollars.  Note that this is not Mar-a-Lago, which he maintains is the greatest mansion in the US, but another property that he picked up at auction for $41M a couple of years ago.  Donald sure picked an interesting time to get this done considering the issues in the US real estate market right now, though I have to admit that I'm still pretty happy for him.  Fox News also covered the story here.

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