Nic Cage's Latest Real Estate Disaster: A Pyramid Tomb


Nic Cage's Real Estate DisasterNicolas Cage's housing troubles are enough to drive a man to his grave. Perhaps that's what he was thinking when he erected a 9-foot-tall pyramid-shaped tomb in a New Orleans cemetery. Who knows why Cage decided on this design, but as first reported in TMZ, it is possible it's because his film National Treasure used such an image on its poster.

But the real issue here seems to be overspending given the numerous homes he lost to foreclosures, and his elaborate home decorating taste.

People magazine says that court documents filed by Cage's former financial advisor, Samuel J. Levin, who is in a legal battle with the actor, characterize him as "an out-of-control and debt ridden spender who bucked any attempt to reign in his over-the-top lifestyle."

But there's a remedy for compulsive shoppers say experts HousingWatch spoke to, and basically it boils down to "get a life." Perhaps Cage wouldn't spend so frivolously if he were court-ordered to only use cash when making any purchases. "Studies show consumers spend less when using cash versus credit," Barbara Stark, national VP of education for American Debt Counseling Inc., told HousingWatch.

For Cage, that could still mean a fat wad of Grants and Franklins in his pocket, but he's not likely to drop $10,000 or $50,000 on a piece of art for his next home if he can't spend more than he can carry. (Thank goodness the $100,000 Woodrow Wilson bills were taken out of circulation a long time ago.) Still, cash purchases aren't getting at the root of the problem.

"Constant shopping, bad spending habits is a sign that one is out of balance," says Debbie Mandel, author of Addicted to Stress.

"Nicolas Cage collects homes and decorates them according to his spirit and his individual taste. As an actor, the many parts he plays, the fragmented self, is seeking to unify his various attributes," she told HousingWatch. "What he has not realized in this desperate attempt to express his individuality is that home is wherever you are. "

Mandel, a fitness and stress-management expert based in Lawrence, N.Y., advises that when Cage, or anyone, finds himself revolving in a shop-til-you-drop cycle as a stress-reliever, it's time to fill your life with other activities. Here are her tips for moving on:

*Get active: "Just remember AAA -- Activity Alleviates Anxiety," she says. "Exercise helps you think straight and improves mood. Also, you feel more empowered and do not need possessions to make you feel confident."

*De-clutter: "Cleaning out physical junk from your abode helps to clean out mental junk. Going back to basics and leading a less complicated lifestyle is less stressful." One thing we can say for Cage is that he has definitely cleaned house. His former real estate agent, Steve Shapiro of Westside Estate Agency, told us earlier this month that Cage has removed all of his belongings from his Bel Air home.

*Creative compensation: Hobbies can help you beautify your space and your spirit with creativity. Nic could take up painting or even gardening. "This truly fills an empty heart," she says.

More on Nicolas Cage from HousingWatch:

Nicolas Cage Auction is a Dud
Nicolas Cage Bel Air Home on Auction Block
Nicolas Cage is Leaving Las Vegas
Nicolas Cage Losing His Keys?


More on Celebrity Homes from HousingWatch
 

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