It turns out the iffy housing market doesn't just hurt us normal folks. Even teen pop superstar Justin Bieber is having trouble sealing the deal on the house he's trying to buy.
According to TMZ, the star — who just turned 18 this month — wants to buy a 9,000 square foot estate located in Calabasas, CA, an upscale area outside of Hollywood.
Justin, who has a frankly absurd amount of money to his name, could definitely afford the asking price, but, according to TMZ, his business manager is insisting he takes out a mortgage instead. That's where things get tricky for the singing sensation.
An appraisal of the property came in over a million dollars under the asking price, which means Justin is now stuck bargaining with the owner over a price that would allow him to get a mortgage and leave the owner satisfied.
According to TMZ, Justin is willing to throw down $6 million, but the seller isn't happy with that, because he has already put much more into the estate.
Man, it's hard out there for an 18-year-old trying to buy a ridiculously swanky house.
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