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Miami.– Jose Canseco told the syndicated TV show Inside Edition that he walked away from his $2.5 million, 7,300-square-foot home in suburban Encino because it didn't make sense to continue making payments.
"I do have a judgment on my home and it to me is very strange because it didn't make financial sense for me to keep paying a mortgage on a home that was basically owned by someone else," he said in an interview that aired Thursday.
"You know my life, this financial thing, is a very complicated issue. Obviously, when you make all that money, people think, 'OK, let's assume it is $35 million.' People have to understand that $35 million, you're paying the government 41 percent. That leaves you with about $17 or $18 million, not even. Then you're taking care of your whole family."
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If you have ever seen this guy up close he looks like the "Poster Child" for steroids.
I guess he blew all his money from "Juiced"at the casino..
I am sure he won't have any friends in MLB that will help him out.
Like they say "What comes around goes around"
knowing Jose.. i think he was married to a dominican woman.. that's where the family kicks in..
20 million dollars is mucho peso's.....................
Let's open a Charity account for him and we all will donate him some money to get along.
mike tyson jr.
Idiots that are doing this are destroying the housing market even further and creating a situation where getting a home in the future will be almost impossible and ridiculously expensive.