Rumor has it, according to Real Estalker, two high-roller 20-something "tycoons" have bid on Michael Jackson's ramshackle Neverland Ranch, which recently foreclosed and was said to be for sale for $24.5 million. The duo are willing to pay up to $30 million and then lease the place back to Jackson. Tell me if I'm wrong, but doesn't that work out to over six million over the asking price? I don't quite catch the logic in that. Whether or not this story is true, it's obvious that Michael's beloved ranch is in drastic need of rehab. For 24 or 30 mill, you'd think you could get a place where the darn tepees will at least stand up.
This Just In: Michael's Got a Buyer and a Landlord