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Saturday, April 23, 2011

Want to Live in Paris Hilton's Old House?

Want to move in with Paris Hilton? Fat chance. But for the low cost of $20,000 a month, you can now rent out her old house in LA, where if you're lucky, the socialite might stop in one day when she's feeling overly nostalgic. 

Hilton's family made its fortune in the hotel industry, but that doesn't mean Paris lives out of one. At the moment she's living in a massive 7,000 square foot mansion in Beverly Hills. But the house she's renting is a 3,000 square foot West Hollywood Spanish-style pad, miniature in comparison to her current abode, yet larger than most homes one person should ever want to live in alone. 

Paris sold the house back in 2007 for $5 million, which was prudent on her part since the market would collapse a year later, sending home prices plummeting. After all, for a girl whose family company rakes in $7.5 billion annually, it's critical for her to make sound financial moves.