The ever-glamorous Pamela Anderson is the latest celebrity to become a victim of the recession — that is, according to her occasional BFF, Courtney Love. Like a good friend, Love told Page Six:

Pam Anderson doesn’t even have a credit card. And she lives in Paradise Cove — which is in Malibu, but it’s a trailer park in Malibu.

The gossip rag did their research, and it turns out that a double-wide trailer in said park costs around $325,000, and some homes are worth $1.2 million. Lesson: Pam may be down on her luck, but most of us can’t afford a trailer in Malibu.