The recession sucks for a lot of people, but apparently not for Mariah Carey! The singer is reportedly about to drop $125 million for the Saperstein Estate in Los Angeles’ Holmby Hills. She and husband Nick Cannon have put a bid on the super-expensive plot, so look out for one of the most gaudy “MTV Cribs” episodes ever!

Mariah may not have come out with an album in a while, but she’s still singing! How else would she pay for such a pricey house??? But hey – not so fast – Nick’s got a few gigs lined up too!