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Ed McMahon on Larry King

post #1 of 14
Thread Starter 
Anyone watch Ed McMahon on Larry King Live?

He and his wife were on talking about how he may lose his house because he defaulted on his 4.8 million dollar mortgage and is behind $644,000 in payments.

I really have no clue what the purpose of them being on the show talking about it.

Apparently he "fell" 18 months ago and injured his neck and had surgery. He wears a neck brace which he said he can take off. But according to him he has been unable to work. He did a pretty good job of talking on the show, so why he can't work is beyond me. He could do voice-overs or spokesman work, even Larry King hinted at that.

At one point in the show Larry King read an email that someone sent in. The person said that he wanted to help Ed keep his house and wanted to know if there was a fund that he could donate too.

Larry King asked them if they were planning on accepting donations from people. Ed's wife Pam spoke up and said something along the lines of "we should all help each other." Like duh!!! I can't believe she hinted at the fact that they would accept donations in order to be able to keep their 4.8 million dollar house! I think that was the whole purpose of the show actually!

I searched on the internet and according to everything I've read, apparently his money problems has to do with his alcoholism from 10 years ago that he's never been able to recover from, and apparently he has been trying to sell the house for the past 2 years, but because he lives next door to Britney Spears, the property value has gone down and no one wants to move into the area because of the paparazzi.

I like Ed McMahon, but come on. Everyone falls on hard times at one point in time or another and we adjust. If he can't afford to live in a 4.8 million dollar house then he should reduce the selling price and move into a cheaper house or condo that he can afford. People do that every single day. He isn't the only one in the world facing bank foreclosure on his house because of a change in his financial situation. I'm sure the 2 of them could live quite comfortably in a $500,000 or $1,000,000 house!

I can see going on air and asking for donations to help with medical costs, but to help pay their 4.8 milliong dollar mortgage?! Like OMG!!
post #2 of 14
Tell me about it. They should be ashamed of themselves asking or even hinting at wanting donations so they can maintain the exorbitant lifestyle.
post #3 of 14
Quote:
Originally Posted by ckblv View Post
Tell me about it. They should be ashamed of themselves asking or even hinting at wanting donations so they can maintain the exorbitant lifestyle.
No kidding. He also was spending more than he was making, and that's why they are in this mess in the first place.
post #4 of 14
I am actually dumbfounded. It is bad enough they went on the show to talk about this. It is even worse that they thought it was an ok thing to do and had an agenda all along. Oh poor us we can't live in a mansion anymore. They may have to mingle with*gasp*regular people.
post #5 of 14
Thread Starter 
Here is part of the video of the interview. They conveniently left out the part about soliciting donations! LOL

http://www.cnn.com/video/#/video/bes...ed.mcmahon.cnn

Here is the transcript of the whole interview:

http://transcripts.cnn.com/TRANSCRIP...05/lkl.01.html
post #6 of 14
Oh come on you guys! I can't think of a better cause to donate to.
post #7 of 14
My heart bleeds for you, Ed.

Live beyond your means, you deserve what you get. They have no one to blame but themselves for the situation they are in.
post #8 of 14
but that is the new american way.
If you cant make the money , just beg for it.
post #9 of 14
I really feel bad for Ed McMahon. It's inhumane that he and his wife have to live like this. I think everyone should donate $50 or $100 to help these poor souls get by.
post #10 of 14
Thread Starter 
Quote:
Originally Posted by Essayons89 View Post
I really feel bad for Ed McMahon. It's inhumane that he and his wife have to live like this. I think everyone should donate $50 or $100 to help these poor souls get by.
I can bearly keep a roof over my head and have been living hand to mouth for more than 3 years now, and sometimes have even gone without food so I can pay my rent, I don't see me donating money to help a celebrity couple keep their nearly 5 million dollar house!

Like I said, I do like the guy, and I do feel badly for them. It's not nice to lose your home. But if they can't afford to live there then they need to do what they can to sell their house to get out from under the mounting debt.

I guess they don't watch "Till Debt Do Us Part". Gail Vaz-Oxlade gives some very sage advice, including sell your home and pay down your debt if the mortgage is more than what you can afford.
post #11 of 14
Why does he need to work? Why does he need to stay in this house? Sell the house and he has plenty to live on the rest of his live, even in Southern California. Really, now, Larry, you're scratching for guests, apparently.
post #12 of 14
sure sale the house,but would you want to live next to Britney Spears?
post #13 of 14
I don't, but some rich young wanna-be will
post #14 of 14
LOL...I'm going have to work harder at being more sarcastic.

I have a good job but there are times where I find myself living paycheck to paycheck. As much I would like to have my own house I know that I can't afford one the way things stand right now, especially with going back to school. I'll be at this same apartment (been here 12 years) for the forseeable future.
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