No, I don’t mean steroids. I mean the mortgage on his Encino, California home, which was foreclosed on recently. My favorite quote, straight from the horses-ass mouth is “People have to understand that $35 million, you’re paying the government 41 percent. That leaves you with about $17 or $18 million, not even. Then you’re taking care of your whole family.” Seriously? That is just too bad for you. Only $17 or $18 million with a family to support?!?! Please!
Former baseball star Jose Canseco has Calif. home foreclosed
Thu May 1, 10:46 PM ET
LOS ANGELES –, the former AL MVP who made millions during his baseball career, has had his home foreclosed.
Canseco told the“Inside Edition” that he walked away from his $2.5 million, 7,300-square foot home in suburban Encino because it didn’t make sense to continue making payments.
“I do have a judgment on my home and it to me is very strange because it didn’t make financial sense for me to keep paying a mortgage on a home that was basically owned by someone else,” he said in an interview that aired Thursday.
“You know my life, this financial thing, is a very complicated issue. Obviously, when you make all that money, people think, `OK, let’s assume it is $35 million.’ People have to understand that $35 million, you’re paying the government 41 percent. That leaves you with about $17 or $18 million, not even. Then you’re taking care of your whole family.”
He added that a couple of divorces cost him $7 million or $8 million.
Canseco said his top earnings year was $6 million and that his financial situation obviously is different than most people who are losing their homes.
“What about other families that we’re hearing on TV, that they’re saying, `We have nowhere else to go,'” he said. “I mean, that is amazing. I’ve got books (he’s put out two expose-type books on drug use in baseball), we’re now trying to produce the movie to both.
“Like I said, my situation was a little more different than most. I decided to just let it (the house) go, but in most cases and most families, they have nowhere else to go.”