Deep discount on Oracle CEO's house

The Mercury News opens a real estate story with a rude awakening:

True, the seven-bedroom Atherton house Oracle Chief Executive Larry Ellison listed for sale last year at $25 million is now priced at a mere $16 million.

Oh no! Not Larry's $25 million Japanese villa! Don't let the Chuck Norris of Silicon Valley go poor — keep pumping that housing bubble.

Okay, so Ellison did sell off an acre of the estate, leaving two-thirds of the place on the market. So buyers may feel a bit cramped as they float in the middle of their private pond.

High-end home market is down