The housing crisis truly affects us all...

by Andrew Feinstein on Sep 10, 2008 8:47 AM MDT

Remember when the Nuggets embarrassingly lost at Philadelphia last season and in the post-game press conference Allen Iverson alluded to possibly coming back to the City of "Brotherly Love" someday? Well, according to the Wall Street Journal, A.I. has been trying to sell his home in Villanova, PA for a mere $4 million - 37% off the asking price. And you thought your home in Highlands Ranch or Aurora had lost its value!

After reading about A.I.'s current housing situation, I stumbled upon a few blog posts and articles about his 2007 $2.2 million purchase of an Atlanta home that apparently went awry. Two months after moving his family into the Atlanta house, A.I. sued the home builder for $6.2 million in damages. I don't know what's come of that lawsuit, but do know that A.I. has moved his family into a large house in a nice neighborhood in Denver since last season concluded.

Having gone to college in Atlanta I can assure A.I. that Denver is a much, much better place to live.

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Why is AI buying a house in Atlanta after being traded here? That's curious. I thought he said he loved it here in Denver and felt good about raising his kids here.... weird. He's obviously not going to get into real estate when his playing days are over!

And AI isn't the only celeb having a hard time selling in this market. Nobody on the market as a buyer would foolishly pay MORE for a house just because a celebrity owned it.. not in this market. It's dog eat dog.

by Eric K on Sep 11, 2008 10:56 AM MDT reply actions

Time are truly tight! BTW. AI Had A home Atlanta for a while... I think he bought it while he was in Philly.

by chillz on Sep 11, 2008 11:22 AM MDT reply actions

"affects" us all, not "effects" us all. Tsk, tsk.

by Kieran on Sep 11, 2008 11:55 AM MDT reply actions

Good catch, Kieran. I think I need to hire an editor!

All best,

Andrew

by Denver on Sep 11, 2008 12:03 PM MDT reply actions

As long as we're fixing the English; Iverson "alluded" not "eluded". At times he may have wanted to elude the other teams defense.

by Anonymous on Sep 12, 2008 7:43 AM MDT reply actions

Also worth noting that Iverson is not spelled "Iversoghn".

by Petey on Sep 16, 2008 7:36 AM MDT reply actions

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STIFF LIST (as of 4/26 by Andrew Feinstein)

1. METTA WORLD PEACE

Metta resorted back to Ron Ron last Sunday by clubbing James Hardenwith an "inadvertent celebratory elbow", landing him a 7-game suspension. Apparently, changing his name didn't prevent NBA commissioner David Stern from overlooking Metta's past behavior problems.

2. CHARLOTTE BOBCATS

The 'Cats are on the verge of securing the worst winning percentage in NBA history. Given that the guy who runs the team - Michael Jordan - had previously drafted Kwame Brown and Adam Morrison, should this really be a shock?

3. OKLAHOMA CITY THUNDER
The team that was supposedly built to overcome the lockout-shortened season managed to lose 7 of its last 14 games, ceding the Western Conference's 1-seed to the Spurs in the process. Their reward might be a first round matchup with defending champion Dallas.

4. BILLY HUNTER AND DEREK FISHER

With report after report coming out about NBPA union head Hunter's shady, nepotistic dealings and questions arising about Fisher's own role in dealing with NBA owners behind Hunter's back during the lockout, this off-the-court scandal could prove to be more exciting than the playoffs themselves!

5. STEVE NASH AND THE PHOENIX SUNS
The Suns are on this list for squandering the last few great seasons from Nash. Nash is on this list for his stupidly stubborn loyalty to a franchise as awful as the Suns.