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Despite popular belief, a mansion is not always more valuable if it was owned by a famous person. In fact, this ownership can actually decrease the property's value. Studies show that the house of a famous person lasts an average of 36 days longer on the market than that of a non-famous person. The reasons for this are paradoxical. It seems that the exact reasons why someone would want to buy a famous mansion are exactly what turn people off from owning said mansion: there's too much baggage. Not only is a celebrity mansion already in the spotlight, with many people knowing its history and address, it's usually decked out with so many personalized amenities that the place becomes an eyesore. While fans may appreciate these additives, few fans are rich enough to actually buy their favorite celebrities' shrine. Rich businessmen don't care about the celebrities who owned the home, only the home itself. Of course, with celebrities being celebrities, they will list their homes in accordance with their popularity. Now that we know this doesn't always help, there are many owners stuck in real estate stalemates. Perhaps they will adjust to the market...if the market doesn't already adjust to them.
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10 Incredible Mansions Nobody Wants To Buy ─ TheRichest
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