Mariah & Nick's House of Love

Mariah Carey and Nick Cannon are doing their part to cut back during the recession. The happy couple didn’t end up buying the world’s most expensive house. Instead, they reportedly settled for a Bel Air pad once owned by former “Charlie’s Angels” actress Farrah Fawcett with a mere price tag of $7 million.

The 11,750-square-foot, gated estate sits on three acres and features five bedrooms and eight bathrooms. First order of business: Repaint the house pink and lavender. Take a tour below.

Source: Mariah Daily via The Real Estalker