Leinart sacked by Phoenix RE market

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Insert your favorite football cliche here: Former USC football star Matt Leinart ...
A) Has been sacked by the housing bubble in Phoenix.
B) Made a poor play selection in the real estate market.
C) Threw away half a million bucks.

Here’s the news item from the Arizona Republic: ‘Phoenix Suns star Amaré Stoudemire has purchased Arizona Cardinals quarterback Matt Leinart’s Ahwatukee home for $1.9 million. That’s about $500,000 less than what Leinart paid for it last year.’

More: ‘Leinart put the 6,800-square-foot home on the market in June for $2.4 million after he moved to a $2.3 million home in a gated community that real-estate agents have nicknamed ‘the Beverly Hills of Chandler.’ But the real-estate slowdown has hit everyone, and the home sat on the market.’

Matt makes slightly more than the median income in Phoenix: The Republic reports Leinart ‘could make $50.8 million on his six-year contract.’

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Hat tip: FD in TO
Photo Credit: AP