Celebrity housing victims. Former Citigroup CEO Charles Prince, who helped fuel the housing boom with billions in cheap and easy mortgages, now seems to be paying the price in the aftermath. From Bloomberg, via Big Picture:

Former Citigroup Inc. Chief Executive Officer Charles O. ``Chuck'' Prince III lost his job because of the housing slump. Now he's having a hard time selling his home.

Prince's five-bedroom Tudor-style house in Greenwich, Connecticut, has been on the market for six months. He has cut the price by $300,000 to $5.85 million, according to the property listing.

The housing recession has hit the bedroom communities that Wall Street favors most. The median home price fell 8.1 percent in Greenwich in the first quarter from a year earlier. Declines were as much as 25 percent in 14 of 19 wealthy Manhattan suburbs in Connecticut, New Jersey and Westchester County, New York, since the start of the year, according to a Bloomberg survey of brokers and multiple listing services.

...Prince, 58, who according to public records paid less than $4.48 million in 2003 for the Greenwich house with barrel-vaulted ceilings, south-facing terraces, a swimming pool and 2.3 acres of land. It was the same year he succeeded his mentor Sanford Weill at Citigroup.