Jessica Chasmar reports:
Former Frasier star Kelsey Grammer told TMZ on Tuesday that wind technology was the worst investment he’s ever made.
Grammer told the tabloid that though his finances are good, he lost hundreds of thousands of dollars on a small wind investment.
“I’m OK, but I didn’t make up for it. It’s just one of those things that’s just a straight loss,” he said. “You’d think it would be lucrative, but it’s not really a friendly environment for new technology, it really isn’t.”And, oh yeah, he is way millions of dollars underwater relative to the price he paid for his Beverly Hills house that that he is now trying to sell. Details here.