Until now, the housing market bubble bursting hasn't meant much to me. I mean, yeah, houses ain't worth shit now, and people are losing their homes, but there are people in Africa who have never had any homes. Know what I mean? But now that I hear that my best friend Chamillionaire has been forced to go into foreclosure, I'm going to start fighting Goldman Sachs. Let's get them guys!
"This house was my most expensive mortgage," he explained. But "when the market went down..the house ended up being worth nothing...I decided to just let it go and give it back to the bank. It wasn’t a situation where they came and took it from me. I just didn't feel like it was a good business investment to keep paying that much mortgage for a house that I'm never at."
It's worth noting that Chamillionaire's "house" is actually like seven houses, as it is 7,583 square feet and cost him $2 million. Isn't it funny how Chamillionaire is like, "Yeah, it's cool, my credit is about to be obliterated, but I just made the decision to let a $2 million house go down."? But that's not the point: Let's get those banking monsters at Goldman Sachs. I can't believe they did this to Cham. [NY Mag]