From the blog of You Walk Away, a company that helps homeowners “strategically default” and walk away from their property (and mortgages) when they have negative equity.

As you struggle to pay your mortgage or break even on the sale of your home, does it help to take a gander at Big Time Listings? This blog by a Chicago-area real estate site focuses on the sales of celebrity homes. Considering the current state of the housing market for folks who don’t appear regularly on “Entertainment Tonight”, reveling in the purchase of a $35 million mansion by Dreamworks CEO Jeffrey Katzenberg might or might not be just the ticket. Or try this “exclusive”:

Brad and Angelina enlarge their Los Angeles compound further; long-goateed actor quietly pays $1.1M to buy a missing link for his estate in Los Angeles’ Los Feliz neighborhood — a two-bedroom, 3,232-square-foot house that his compound had bordered on three sides

Brad Pitt and Angelina Jolie have increased the size of their compound in Los Angeles’ Los Feliz neighborhood, with Pitt quietly paying $1,100,000 to buy a missing link for his property in the form of a 3,232-square-foot house that his estate largely had surrounded.

In a Big Time Listings exclusive, we can report on Pitt’s latest purchase, which like some other property of his was made through his Mondo Bongo Trust. Records show that Pitt purchased the property on August 6 from the estate of the late Anne Tyler Sherman.

Built in 1920, the two-bedroom, former Sherman house — whose property is shaped like a key — sits on a 0.25-acre (10,759-square-foot) lot in the Oaks area of Los Feliz. It helps Pitt round out his compound and means that Brad now owns close to 2 full acres in the Oaks…

Features in the house include two baths, a stone fireplace, a huge main room, a bonus room, and “a bar area and a secret cave,” according to the MLS.

From the blog Love Your Layoff, some thoughts on buying a home at the wrong time at the wrong interest rate, in perhaps the wrong town…

As much as I’m proud of the work we’ve done on our house, there are some weeks I’d kill to be a renter again. The biggest reason lately is mobility. Last week I was in San Francisco for a conference and feeling the creative vibrancy of the place made me yearn to pack our bags for good… except for the ball and chain that is our mortgage.