More Sunday Morning: For Cruise, A Time to Rent, A Time to Buy

This article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts.

Tom Cruise has apparently been tapping away on his own personal ‘rent-or-buy’ calculator, and it is now flashing ‘buy.’ The Times’ Ruth Ryon reports Cruise, who has been renting a house, has bought a $35 million place in Beverly Hills that was ‘not on the market.’

‘Most lenders don’t want to foreclose,’ a Countrywide Financial executive tells Michelle Hofmann, who lays out guidance for those at risk of foreclosure. Cliff Notes version: don’t delay, contact your lender, try to make a deal.

Biscuits and baseball: Big Time Listings reports that Seattle Mariner Ichiro Suzuki has paid $2.2 for a downtown condo in the Biscuit Company Lofts building. The Times profiles the 3500-foot penthouse at Biscuit Company, listed for $4.9 million. It appears to me you could play basketball in there.

Lastly, in our search for a home for 225K Couple, could LA’s classy but not wildly expensive Country Club Park be the answer? A 1,914-square-foot, 3-bedroom, 2-bath is listed for $719,000. Possible drawback: the local high school, Los Angeles Senior High, scored 522 out of 1,000 on the 2006 Academic Performance Index.