(CNN) - He has been estimated to be worth in excess of $250 million, but former Republican presidential candidate Mitt Romney may just be belt-tightening along with the majority of Americans.
Romney, the former business whiz and governor of Massachusetts, is looking to unload two of his four mansions, collectively valued in the currently-sour real estate market at close to $10 million.
The more expensive of the two homes is a 9,500 square foot cabin on 11 acres in Deer Valley, Utah, listed at $5.25 million. The property comes complete with 9.5 bathrooms and is entirely furnished with custom-made furniture. The real-estate Web site Zillow.com describes the 10-year-old ski cabin as the "perfect retreat" with "several gathering areas [that] provide enough space for lots of family and/or guests."
Also on the market is the Romneys' chief residence in the posh suburban Boston neighborhood of Belmont, where most home prices run well into the millions. The Romney house, which comes with a tennis court and 2.5 acres of land, has yet to be listed, though the Boston Globe estimates the price will be set at $3 million - $1 million less than what the home was worth 2 years ago.
Eric Fehrnstrom, a spokesman for Romney, said the moves are not an indication the nation's flagging economy has affected the Romney family.
"Now that the children are all grown with families of their own, the Romneys have too much space and are downsizing and simplifying," Fehrnstrom said.
The former governor is still holding on to a large retreat on Lake Winnipesaukee in New Hampshire and a recently purchased $12 million home in La Jolla, California. Fehrnstrom also told CNN Romney plans to buy a condominium in Boston.
"They want to maintain Massachusetts as their official residence, but it will be an apartment-size dwelling," he said. "Massachusetts is where the Romneys raised a family, where Mitt Romney started his business and where he was governor for four years, so they have an emotional attachment to the state and many friends there."
Mitt, why not donate those homes to homeless people?
Why not use them as camps for kids?
Why not use them as rehab homes?
I can think of lots of uses for those homes.
Mitt Romney is doing this to prep for his 2012 presidential bid–he doesn't want to look like another McCain. Ask yourself, can you vote for someone who belongs to a cult that excluded blacks up until 1967? If you like the Taliban, you will like Mitt imposing his bizarre religious views on you.
There are some idiot comments here...
...he is not in foreclosure
...he has not fallen
...who cares if he doesn't give any of the proceeds to charity, they've given more (percentage) than Pres Obama and VP Biden combined
...I know of few working families having a hard time. yeah, we stopped doing somethings, but only those who have always been down are still down. Yeah, I know 8 folks who lost jobs, but are working again, and not looking for a handout
...lets not forgot that Obama is part of the rich crowd they like to talk about, and he had his money hidden in a tax shelter too.
I am still waiting on that change I can believe in, oh I forgot, he put lots of Bill's folks back in and even one or two of George's
Wow! Sounds like at least one Republican is beginning to "get it"...he has to down-size? I am broken hearted!
Why the @*#! does anyone need all those houses (or "cabins")????
Noah, liberals don't often use the word "hate."
That is a conservative word.
He can give it to me.. lol
I know how you feel, Mitt- I'm having the hardet time unloading my spare mansions-
Good luck with that :/
"9,500 square foot cabin, 9.5 bathrooms" –that's a cabin??
That is one lavish shack!!! Cabins are usually the size of Mitt Romney's master bedroom. (or walk-in closet) We sure dodged a bullet with this aloof Mormon Mafioso. Mitt doesn't have a clue...
I hope he loses the rest of his multi-million-dollar "cabins" like the rest of America.
see this is what republicans do with the tax cuts they by four mansions not create jobs
obviously not a conservative when it comes to money is he?
Why do people get so jealous of someone for being rich?
Romey WORKED and EARNED his money. A lot of people want the government to give them handouts instead of earning their money themselves, the old-fashioned way.
Hey Sean Nally, on average Republicans are more charitable than Democrats, so lets make a wager that you made a dumb comment. I win!
and this is news why? who cares what that arrogant loser does.
And exactly how much has Obama donated to charity?
9500 square feet doesn't constitute a cabin, in my opinion.
People that live in homes with 8 or 9 bathrooms cannot relate to little old everyday individuals.
Who wants to bet that Sean doesn't donate a cent from any future sale of his home to any charity. *rolling eyes*
???what's the point or news value of this story..
How can Romney possibly speak for the average American when he (they) don't live on the same plane. This guy has nothing in common with 99.9% of those people he claims to speak for.
....again, Wow!!! Hate, hate, hate, hate, hate.....liberals are no better than conservatives....nasty, vicious, hateful people. Need to get over the hate people.
why is this news? I sold a house too. Anyone care? Anyone?
Dan, in this market, I think that DOES qualify as news! :)
Lets see...he owns four mansions full of customized furniture. I wonder how all the people he laid off are doing. Tens of thousands! Romney acquired all that wealth by putting people out of work and reducing salaries. He's famous for busting unions so that workers will be at the comp[lete mercy of people like him. I'll bet you he didn't take a pay cut.
And when they asked him why none of his five military age sons had not joined the military to fight in Iraq, a war he fully supports and would have been more than happy to escalate, he said they could better serve our country by working on his election campaign. He's a greedy hypocrite and his sons are a bunch of pampered cowards. I guess fighting and dying for your country is for the "little people".
This must be Romneys idea of putting money back into the economy.
From previous article regarding Obama going to CO to sign bill. Why does everything have to be overly orchastrated with Obama? Nothing against him but why not just sign the bill from the white house????
ah–welcome to the real world
I thought the fundamentals of our Economy are still good. What happened? You can't afford the mortgage?