Lindsay Didn't Sleep Here

by Michele Cheplic | More from this Blogger

21 Aug 2006 07:24 PM

Only in Hollywood. Yes, only in Hollywood is it the norm to drop almost $2 million dollars on a home, never step foot into it, then turn around and try to sell it for nearly a million more than you bought it.

Such is the case of actress Lindsay Lohan. According to PEOPLE Magazine, the "Georgia Rule" star recently put her West Hollywood condo on the market for a reported $2.85 million dollars. The magazine reports that Lohan bought the "2,100-sq.-ft., three-bedroom pad in Sierra Towers, just off the Sunset Strip, in 2005 for just under $2 million- but never moved in." Some reports claim the actress never stepped foot in the building, which houses the condos of former "Friends" star Matthew Perry and singing sensation Cher.

But, perhaps, that was the plan all along. One L.A. real-estate agent speculated to PEOPLE that the apartment could have been an investment and Lohan stands a good chance of making a "nice turnaround."

So where has the actress (known for her late night partying) been crashing these days? PEOPLE reports Lohan has been bunking at Los Angeles' famed Chateau Marmont hotel. Of course, that's not the only place she has been seen resting. Multiple pictures have been snapped of Lohan and boyfriend Harry Morton lounging at a rented Malibu beach home.

It must be nice to be able to afford to own one home, rent another, and hole up in a posh L.A. hotel. My guess is that the movie studio is paying for Lohan's hotel room while she wraps up filming, which begs the question: "Do all actors and actresses who live in the L.A. area get free stays at hotels during filming?" And once the movie wraps where will Lohan go? I suppose there's always Morton's home...

Learn more about Michele Cheplic

Michele Cheplic was born and raised in Hilo, Hawaii, but now lives in Wisconsin. Michele graduated from the University of Wisconsin-Madison with a degree in Journalism.

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