Toronto Life - The Informer

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Justin Bieber has been denied a mortgage, so he is currently without a love nest

We had caught wind that Justin Bieber was house hunting, and it appears he has finally found the home he’d like to make dinner, love, pranks and “Call Me Maybe” videos in: a 9,000 square-foot estate in Calabasas, California. Although he could easily afford the $7 million price tag, his manager advised him to take out a mortgage, which has since been declined when appraisers found the property is significantly overpriced. The current owner refuses to budge on the price because he’s put so much work into the property, but maybe a back-end deal will be reached (perhaps he too can be swayed by money and some concert tickets for his grandchildren). Never say never.

(Images: Mortgage, 401K)