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I stumbled on a news item today that I think illustrates what I was talking about yesterday, when I blogged that money can be a debt magnifier. From Star Magazine: “Pamela Anderson used to be the Baywatch babe with the million-dollar body! Now, she owes more than $1.2 million to creditors, including construction [...] OK all you real estate investors out there, get your check books ready! World boxing champion Evander Holyfield is the latest celebrity to succumb to foreclosure. “The home worth an estimated $10 million is set to be auctioned by a bank on July 1.” Maybe I’m too cynical, but this doesn’t surprise me. I [...] |
 
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