Ed McMahon’s lament: “Nobody has made an offer”

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Those curious as to exactly how Ed McMahon found himself on the brink of foreclosure might want to watch this short sound bite from Thursday night’s ‘Larry King Live’ show on CNN.

Here’s the short version: ‘If you spend more money than you make, you know what happens,’ McMahon said. ‘A couple of divorces thrown in, a few things like that.’

I’m going to focus on something else McMahon said. Here’s the full quote from the CNN transcript: ‘Selling the house right now is a tremendous operation to sell a house. We’ve had this house on the market for two years. We’ve shown it, I don’t know how many, 50 organizations or people. Nobody has made an offer. I mean, it’s just a lovely home. I hate to leave it.’

That’s the sound bite my favorite morning radio host, Adam Carolla, played this morning. And then Adam said words to this effect:’Hey, I’m no Realtor. But, Ed, have you thought about lowering your price?’

Point well taken. If you want to sell a house -- if you really want to sell it -- and it is not located in Hemet or Desert Hot Springs, you can sell it. It doesn’t take two years. But you need to be willing to accept a market price. Ed now says the recent publicity about his plight has kindled some interest in the house.

Your thoughts? Comments? E-mail story tips to peter.viles@latimes.com.
Photo: Associated Press