Donald Trump To Buy Ed McMahon's House

BEVERLY HILLS, Calif. — Donald Trump will soon be Ed McMahon's landlord. Trump announced Thursday he would save the television personality's Beverly Hills mansion from foreclosure by buying it for an undisclosed amount and leasing it to McMahon.

The developer told the Los Angeles Times he doesn't know McMahon personally, but acted out of compassion because helping out "would be an honor."

McMahon, 85, who was Johnny Carson's sidekick on the "Tonight" show for three decades, has not worked for about 18 months because of a neck injury. He defaulted on $4.8 million in mortgage loans with Countrywide Financial Corp.

McMahon's spokesman, Howard Bragman, told The Associated Press that paperwork on the sale had not been completed but that McMahon was "very optimistic" the deal would go through.

"When I was at the Wharton School of Business I'd watch him every night," Trump told the Times. "How could this happen?"

McMahon bought the six-bedroom, five-bathroom, 7,000-square-foot house in January 1990. The home was listed at $4.6 million last weekend _ down from a peak price of $7 million.

Comments

[msfiskvletterman]

8/15/08
8:56am
UofO

Thank you Donald Trump. I'm glad to know that Ed can relax and enjoy his retirement.

[Loisebby]

So Trump gets Ed's social security check, his SAG pension check, the house, and and his gold digging (not any more) tramp of a wife as the maid... Deal!

What about the urine stained leather seats in the Mercedes where Ed sits????

[KOisGod]

Wow! LOL

[Concerned1]

That is extremely nice.

[Theda]

It would have been nice if Donald Trump gave a $4.6 million check to L.A. Children's Hospital instead.
Is Donald also going to pay for McMahon's huge credit card debt ?? (McMahon owes many creditors all over town....yo­u know, $300,000 here and $275,000 there, just to name two!)

[brettjay]

It's a bargain so that's Trump's style. Save a childhood hero and take his house. Now I don't have to worry about McMahon sleeping on cardboard.

[BPCentrisAmerican]

I think thats nice of Trump to do, but I would have sold that that monster a long time ago, 7,000 sq feet is a lot of space for guy Ed's age to wonder arround in.

[hopeless277]

Welfare for the wealthy. Where does it stop. Oh, right, it doesn't.

[Moshe]

Or . . . the Donald could have helped hundreds of working poor families to keep a roof over their children . . .

But this is good too. Ed McMahon has only made millions for . . . (I'm not sure what for?) and he probably needs the Donald's help more than all those people working two or three minimum wage jobs to feed their children.

[Cowtippin]

Bottom line is Ed is not broke. Even if he filed for Chapter 7 and they took all his assets he still be pulling in 10-20k a month. As I'm sure he's collecting a pension(s) and well as social security. So give me a break with the whole I'm broke thing. I wish I was broke as Ed.

[BlueZoo]

Myself!

[JScott]

Of course, should he come to Ed's house for a visit, he would never stay long, 7000 s f is just tooooo small.

[barriosbabe]

Do these guys ever take 5 million and directly go help say 135,000 ordinadry joe's like me who can't even get free testing supplies despite 2 jobs?

[dplaser]

Donald, You are a class act all the way... that was a nice thing for you to do...I respect you now more than ever

[Loisebby]

I need a drink!

[ForRichardorPoorer]

On this site I have blasted the Donald. I now apologize. I know Trump is out to make a buck, however this act will reduce the anxiety of Mr. and Mrs. McMahon. So, in the short term, it's better to be kind than to be right.

[johnnygoodwud]

Heeeeeeeeeeeer's Donnie

[lincat]

that was nice of Trump. Wish I knew a rich guy.

[pyite72]

I think that what Donal Trump did was very kind. Ed doesn't have much time left and now atleast he can try to enjoy the remainder of his life.