Ashlee Simpson Can't Afford House!

According to TMZ, for beloved Ashlee Simpson, one hit single and one very famous big sister isn't enough to hang on to a $5 million house.Ashlee just flipped her house for a crazy $5.7 million, netting herself a tidy $1.2 million profit in the process, according to the Los Angeles Times Hot Property column. The Encino mansion has a 700-square-foot closet (bigger than most NYC apartments) with its own washer and dryer.