Diddy's $61.5M LA mansion remains unsold after nearly a year for 1 big reason: 'Ridiculous'
Briefly

Sean 'Diddy' Combs faces legal troubles, affecting the sale of his Holmby Hills estate listed for $61.5 million. Despite its luxury features and past prominence, the estate has been unappealing to buyers, weighed down by reputation damage from serious federal charges against Combs. Local agents express reluctance to be associated with the case, and experts suggest the asking price is unrealistic given the current market environment. Despite a brief disappearance of the listing, Combs doesn't appear inclined to lower his asking price.
"No agents want to touch that house or be in any stories related to the case or the listing," a local real estate agent said about the mansion listing, underlining the chilling effect Combs' legal issues are having on sales.
"The price is 'ridiculous,'" said an expert, referring to how the legal allegations against Combs have made the high asking price misaligned with the current market climate.
Read at New York Post
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