“Tom Selleck Faces Online Mockery After Revealing Potential Loss of His Ranch”
Tom Selleck recently expressed concern about potentially losing his sprawling 63-acre California ranch now that his long-running CBS series Blue Bloods has ended. Although it’s uncommon for a seasoned TV star with Selleck’s extensive career to face financial hardship, his comments on CBS Sunday Morning raised eyebrows. At 79, with a career spanning over five decades, many assumed Selleck would have managed his finances well enough to weather the end of any single show.
Selleck’s statement that he might struggle to maintain his ranch if he stops working has sparked skepticism, especially given his reported earnings of $200,000 per episode over the past 14 years. In an interview with Tracy Smith, Selleck admitted, “That’s always an issue. If I stopped working, yeah. Am I set for life? Yeah, but maybe not on a 63-acre ranch!”
The news of Selleck’s financial concerns quickly spread online, leading to a wave of reactions from Twitter users who recalled his role as a spokesperson for reverse mortgages in 2016. The commercials he appeared in downplayed the risks and complexities of reverse mortgages, which are loans allowing homeowners, often elderly, to borrow against their home’s value without making regular payments. The loan is repaid when the home is sold or the borrower passes away.
Critics pointed out that reverse mortgages can come with high fees, variable interest rates, and the risk of foreclosure if terms are not strictly followed. The market is also known for attracting predatory lenders who exploit the financial vulnerabilities of older homeowners. Given Selleck’s past endorsement of these loans, some found it ironic that he might now be facing financial difficulties himself.
