Pete Davidson Sold Staten Island Condo at $400K Loss 1 Day Before Elsie Hewitt ‘Split’

Pete Davidson Sold Staten Island Condo at $400K Loss 1 Day Before Elsie Hewitt ‘Split’

You know the scene in The Wolf of Wall Street: Leonardo DiCaprio's character, Jordan Belfort, is on a yacht with a bunch of strippers, and he shrugs at the camera: "I am Jonah. I am the calm in the eye of the storm." That's how Pete Davidson seems to be taking his breakup with model Elsie Hewitt.

The 28-year-old comedian and Saturday Night Live star sold his Staten Island condo for $400,000 less than he paid for it just one day before announcing that he and Hewitt had "split." That's a pretty Jonah-like move if you ask us.

Of course, the market doesn't care about Pete Davidson's love life (or lack thereof). The condo, located at 1 Grand Street in Staten Island, was listed for $960,000 and sold for $560,000. That's a pretty steep drop, but it's also a reflection of the market right now.

The real estate market is notoriously fickle, and even celebrities are not immune to its whims. Just ask Johnny Depp, who recently lost his French chateau because he couldn't keep up with the mortgage payments. Or Paris Hilton, who defaulted on her $3.2 million condo in 2010.

But what about the business of breakups? Celebrities have been selling off their homes in the wake of splits for years. When Gwyneth Paltrow and Chris Martin "consciously uncoupled," they put their Hamptons home on the market for $20 million. And when Ben Affleck and Jennifer Garner split, they listed their Los Angeles mansion for $18 million.

These breakups are big news, but they're also big business. When a celebrity puts their home on the market, it generates a lot of interest from buyers who want to be associated with that celebrity's success. And when a celebrity sells their home at a loss, it can still generate a lot of media attention, which can translate into more sales for the property.

So what does Pete Davidson's $400,000 loss say about him? Probably not much. But it does say something about the real estate market right now: it's a buyer's market, and properties are being sold at a discount. And it says something about Pete Davidson himself: he's Jonah. He's the calm in the eye of the storm.

We don't know if Pete Davidson will find love again (or if he even wants to). But we do know that he'll keep selling properties, and we'll keep watching. Because that's what real estate is all about: buying, selling, and keeping an eye on the market.

And that's our take on Pete Davidson's Staten Island condo sale. What do you think? Let us know in the comments below.

Source: Pete Davidson Sold Staten Island Condo at $400K Loss 1 Day Before Elsie Hewitt ‘Split’