That's the true reality of America. Everyone driving new cars, lives in big houses but the reality is everyone in America is living paycheck to paycheck and don't own anything under their names.
Santana's like "yea my house went into foreclosure, but It didn't have anything to do with me" I'm thinking at that very moment "nigga it was in your name! It had everything to do with you!" 😅😅
Right ! baffles me they not afraid of the government tax collectors. That should be first priority to take care of before anything else. Like come on !!!! I'm Canadian, and we pay more taxes than Americans . My mentality if I was American, would be easily to take care of the tax bill first.
Why do people that rich have a mortgage? Pay in full. You only have a mortgage if you don’t have the money. One of my friend who paid his house in full said he isn’t afraid of getting fired because he doesn’t have a mortgage. Just imagine not afraid of not getting a paid check short term?
I think a lot of people fail to realize is the mansions require a lot of work/up keep on these homes. A lot of times they can't pay off the home in full because rappers are given a loan from the record company, which they have to pay back. Once they purchase these homes they have to pay taxes and expenses which can be expensive. It's much more to it than paying mortgage. To much is given much is required
Financial literacy is important. These rappers are surrounded by scammers and yes men. No record label, movie studio, or sports team ever teaches black celebrities about taxes, investing, insurance, and general financial literacy.
Some rappers and singers sometimes don't get paid as much money as you think when you first sign to A Recordcompany they give you A loan so you've to pay all that Money back When your first CD sales the Record company take the money back Rappers it take years to make millions in The music business
$5000/ month for the games house? That's actually not a lot when todays housing prices are accounted for. Weird that 1 payment will trigger foreclosure? I live in Canada and it's ok to request to skip 3 payments, but clients have to ask of course. Its usually ok.
It’s because they have multiple homes in different states. A home in Miami,LA ,Vegas maybe a sky rise in New York. Or they get a Mike Tyson Mansion that’s a small hotel pools,landscaping that you have to hire a staff to maintain. Property taxes on private roads come out of the homeowners pockets replacing roads . It never stops
Chamillionair wus da smartest one out of them all just give it back and let dem sell it and deal wit it and that will pay it debt wit da bank instead of them for closing it
Am I the only one thinking about how much these houses would be worth in today’s market?? Imagine getting a huge house in Atlanta for under 200k, that’s crazy
@@VerleanHurd Yep, I'll say anything on the Internet, specially around people I will ever see, so why take a stranger seriously..🤣😁.. And I definitely don't care for the opinion of those who love "Rappers or Entertainers"😁😁
@@Blackberry7399 I believe it. Most people do. They don't have the balls to say the same thing in person. Idc what you do or don't care for. You wrote a comment. I replied to the comment. Seems like you're the one taking what a stranger says too serious. Sensitive much?
Nas supposedly has a net worth of $60 million, but you can't buy a $348K house in full?!...🤔🤔 This is why I don't believe someone's net worth when you Google it
I don’t know if I’ll ever get it. I just hope and pray that the lord gives me a chance to show tht if / when he blesses me with the next lotto jackpot that I can do a lot better with it then ones that fell off. I mean monthly meetings with accountants and EVERY SINGLE DIME best be accounted for. I know that the revenue that concerts bring in don’t always equal to what the artist gets but damn tho…. Me personally rather pay for everything rather then lease, mortgage etc. ionno
@@VerleanHurdExactly credit is very important I went to College I'm so glad that my mother was A School Teacher My Grandmother Great Grandmother Great Grandmother Great Grandfather Grandfather was A Pastor and Teacher Great Aunts Great Uncles Aunts and Uncles I grew up around an Educated Family I learn really early about taxes and credit
When you become famous make some good amount of money spend it on buying a big house and some cars but thing people tend forget to do is pay their taxes and mortgages
if you actually research the deal with Birdman, you'll realize he was smart to walk away from that home. The loan was crooked and all sorts of messed up and they realized it. It was a smart move he made
This was a cool video but 2 things I had to say Lil Jon getting a wine deal isn’t weird, a lot of rappers do that. Nicki Minaj , diddy, snoop dogg , etc For Lil Scrappy and Diamond’s part you put a pic of Lil Scrappy with Erica not sure if you meant to do that
This is what the newer generation kids need to see. These folks we see on tv aint what they really are as seen on tv. Yet these kids think they have money to the ceiling... smh. Most of them did not use their money the right way at all and are super BROKE!!!
Wtf, mick fleetwood, cindy Lauper, meatloaf, ted nugent, willie nelson, courtney love, billy joel, dee snider, john oaks and so many more. What you meant to say is there not in the video smh lol
I'm surprised you didn't have Scott Storch in this video not a rapper but he made beats for almost everyone in this video he lost his 10 million house in Miami Beach named Marcia Lago for not paying property taxes to the city of Miami Beach his house was then purchased by the owner of Rockstar Energy Drink you should make a video about the rise and fall of him
The worst part is most of them only lost money because of tax evasion and not paying their mortgages! Smaller house= smaller mortgage and smaller property taxes. Bigger house= bigger mortgage and bigger property taxes. Its not that hard to figure out 🤦♂️🤦♂️🤦♂️🤦♂️🤦♂️🤦♂️🤦♂️🤦♂️🤦♂️🤦♂️
They got paid with dirty money! Schemes and scams going on. Get rich quick scheme! Some didn’t sing the songs and that’s illegal and they couldn’t account for the things they had. If you have a recording contract and listen to the record label, you can make money.
Dumbest Ways Rappers Went Broke: ruclips.net/video/qgX8nQCFwhU/видео.html
That's the true reality of America. Everyone driving new cars, lives in big houses but the reality is everyone in America is living paycheck to paycheck and don't own anything under their names.
Santana's like "yea my house went into foreclosure, but It didn't have anything to do with me" I'm thinking at that very moment "nigga it was in your name! It had everything to do with you!" 😅😅
😂😂😂
if he left his girl in charge of paying the house note, he has a great point
😂😂😂😂
It blows me away that so many of them just refuse to pay taxes on any real estate they own. No wonder they went broke....
Never be broke, they can always tour, maybe not rich rich, but richer then average folks
Right ! baffles me they not afraid of the government tax collectors. That should be first priority to take care of before anything else. Like come on !!!! I'm Canadian, and we pay more taxes than Americans . My mentality if I was American, would be easily to take care of the tax bill first.
Why do people that rich have a mortgage? Pay in full. You only have a mortgage if you don’t have the money. One of my friend who paid his house in full said he isn’t afraid of getting fired because he doesn’t have a mortgage. Just imagine not afraid of not getting a paid check short term?
Were they really rich?
You would think so 😆
What about propert taxes ?🤔
You still have to pay property taxes even if you pay off the mortgage. And how are you going to afford to eat and other necessities with no income?
@@olilumgbalu5653always pay yer Taxman..
I have to live pay check to pay check but these rappers that make millions seem to do the same.
IF U NOT BILL GATES OR ELON MUSK....WE ALL LIVING CHECK TO CHECK💯💯💯💯💯
You don't have to.
I can live off of 1 million easily.
Sadly, its probably the drug problems that lead to this
@@sinoverlord409give me 500k I'll make it work
I think a lot of people fail to realize is the mansions require a lot of work/up keep on these homes. A lot of times they can't pay off the home in full because rappers are given a loan from the record company, which they have to pay back. Once they purchase these homes they have to pay taxes and expenses which can be expensive. It's much more to it than paying mortgage. To much is given much is required
Damn Scrappy couldn't pay a mortgage on a 183K house. That is like paying on an apartment 😂
Right!
You're rich?
😮
He stole GRUSTLA from the fam
@@justinhunt4767 How much is your monthly housing payment?
Fools and money will never have a great outcome in life!!!!!
Now Soulja Boy is RENTING, RENTING a house for $25,000/mth. Dumb!
Financial literacy is important. These rappers are surrounded by scammers and yes men. No record label, movie studio, or sports team ever teaches black celebrities about taxes, investing, insurance, and general financial literacy.
Aka Common Sense
I would die before I ever let my mother put up her house for my bail. Dude could have put up his songs as collateral.
I would've stayed I'm jail
Rappers don't own their music. The record label does
@@MoMo-qw5mp not all rappers
I agree! You really 💘 love your mom!
When you become famous there are two things to do....1,Get an Accountant, 2,let your mom know to keep an eye on things.
NAS made a cool $40,000,000 for the ring bell sale!❤
Did anyone see the gold dog Birdman had on his table? I bet that dog been to pawn shop so many times.
Birdman is an Billionaire
😂
Some rappers and singers sometimes don't get paid as much money as you think when you first sign to A Recordcompany they give you A loan so you've to pay all that Money back When your first CD sales the Record company take the money back Rappers it take years to make millions in The music business
They let the music go to their heads before they think about staying humble.
Always
Even if your is house Fully paid off you still have to pay taxes
I'm doing that right now an they get paid or my a........s will get foreclose on I pay faithfully .
Yep u never own your home basically
@@chick-fil-agal2264-Thats true, unpaid taxes can lead to foreclosure.
DAMN LIL KIM THATS THE NOSE AND FACE U WANTED 😳
Her lover who needed with 50 cent and killed 50's shooter use to beat the breaks off her.
Damn i guess i am doing better than some of these famous people.
Yes me 2 . Wow. This is kinda sad
Most celebrities, rappers and lottery winners don't know how to manage their money
4000 sq foot is hardly a mansion unless you lived in a doghouse literally 🤔
Post a vid of your mansion then! Smh lol
in Cali & Ny they Love claiming it is but yeah its Really Not.
My son’s house is 3,600 sq feet.
They have all this money and can't flip it. Smh
The video came on and I said n my mind Birdman gotta be on this list. And look who #1 is😅😅😅😅
Every rappers should have an accountant.
Some rob them. Fat Joe's did. Then he died.
Dam Lil Kim Look Good Before Those Surgeries Now She Look Like I Don't Know What Simese 😺 😂😂😂
$5000/ month for the games house? That's actually not a lot when todays housing prices are accounted for. Weird that 1 payment will trigger foreclosure? I live in Canada and it's ok to request to skip 3 payments, but clients have to ask of course. Its usually ok.
It doesn't make sense, 1.9mil, and 5.000k on taxes a month in Cali,
What you mean skip 3 payments?
PUFFY BROUGHT THE FLASHINESS TO THE RAP GAME . . .. 👀👀🔎🔎
It’s ironic that he’s one of the most financially stable rappers .
No he did not. Rappers were flashy before puffy was a back up dancer.
In Florida we call that "Flaugin" shhhhhhh, don't tell their fans🤣🤣🤣🤣🤣
Get something u can afford
This is old. Please post up to date videos.
💯💯💯💯✌🏾Thank You 👈🏾🤷🏾♂️
Should of Paid your bills, don't feel nothing for not paying your bills, get what you get
Even if you're a millionaire you still have to be on some kind of budget
Soulja still wearing them fu chains 😂
It’s because they have multiple homes in different states. A home in Miami,LA ,Vegas maybe a sky rise in New York. Or they get a Mike Tyson Mansion that’s a small hotel pools,landscaping that you have to hire a staff to maintain. Property taxes on private roads come out of the homeowners pockets replacing roads . It never stops
Uncle Sam is rappers pimp 😂
He’s everybody’s
Chamillionair wus da smartest one out of them all just give it back and let dem sell it and deal wit it and that will pay it debt wit da bank instead of them for closing it
but on social media they all still balling 😅😂😂
Am I the only one thinking about how much these houses would be worth in today’s market?? Imagine getting a huge house in Atlanta for under 200k, that’s crazy
The system in the states seems to make people poor ,cuz the taxes are just insane
Yet their "Idol Worshipers" be quick to say to others "They got more money than you"... 😅😅 Not if they can't and don't pay their bills🤣🤣..
Some do tho. Foreclosure doesn't mean they lost the house unless they didn't pay by a certain date.
@@VerleanHurd Yet they got money to *make it rain" and make phones "with stacks of Legal tender notes"🤣🤣
@@Blackberry7399 You're generalizing.
@@VerleanHurd Yep, I'll say anything on the Internet, specially around people I will ever see, so why take a stranger seriously..🤣😁.. And I definitely don't care for the opinion of those who love "Rappers or Entertainers"😁😁
@@Blackberry7399 I believe it. Most people do. They don't have the balls to say the same thing in person. Idc what you do or don't care for. You wrote a comment. I replied to the comment. Seems like you're the one taking what a stranger says too serious. Sensitive much?
Nas supposedly has a net worth of $60 million, but you can't buy a $348K house in full?!...🤔🤔 This is why I don't believe someone's net worth when you Google it
That was before he made the bulk of his money from the sale of the ring doorbell. He made 40 million dollars from that deal.
I don’t know if I’ll ever get it. I just hope and pray that the lord gives me a chance to show tht if / when he blesses me with the next lotto jackpot that I can do a lot better with it then ones that fell off. I mean monthly meetings with accountants and EVERY SINGLE DIME best be accounted for. I know that the revenue that concerts bring in don’t always equal to what the artist gets but damn tho…. Me personally rather pay for everything rather then lease, mortgage etc. ionno
Having money means nothing without credit. Look it up.
@@VerleanHurdExactly credit is very important I went to College I'm so glad that my mother was A School Teacher My Grandmother Great Grandmother Great Grandmother Great Grandfather Grandfather was A Pastor and Teacher Great Aunts Great Uncles Aunts and Uncles I grew up around an Educated Family I learn really early about taxes and credit
What is it about these people that don’t want to pay their mortgages and taxes? That’s crazy! :-/
When you live above your means. It's going to happen.
"Started a wine business which is something you don't see rappers interested in" Yea tell that to E-40 Fonzerelli lol
Why are these people so hard on the eyes
Drugs and botched surgeries
What goes around comes around they get theirs Birdman
Game had a nice looking pool
More money More problems.
Biggies words
Lil Kim messed her face up.
Birdman broke - put some respect on that!
😂😂😂😂
🙏♥️
When you become famous make some good amount of money spend it on buying a big house and some cars but thing people tend forget to do is pay their taxes and mortgages
Living way way above their means....
The taxes on the house are a write off
if you actually research the deal with Birdman, you'll realize he was smart to walk away from that home. The loan was crooked and all sorts of messed up and they realized it. It was a smart move he made
If I had access to millions I wouldn’t have a mortgage
People with money don't buy things. They invest in more streams of income. Pay someone to manage your money if you don't know how.
8:24 🤔. 575,000 😂.
And made 10M+.
WTF with these people 😮.
Any home is a mansion now since prices are so high. I just saw a townhouse on sale for $1.2 million.
Lil Kim took the MJ route
The raise way they pay a mortgage it's to build your credit up
Why buy a house like that anyway
Dem record deals flip all rappers status if dey refused any task given
This was a cool video but 2 things I had to say
Lil Jon getting a wine deal isn’t weird, a lot of rappers do that. Nicki Minaj , diddy, snoop dogg , etc
For Lil Scrappy and Diamond’s part you put a pic of Lil Scrappy with Erica not sure if you meant to do that
Taxes killing yall. Pay them folks and get out this country.
What they been doing with they money
Y'all conveniently left out the fact the GAME was also sued and lost in court for raping a girl 😤
Learn from the billionaire! They don’t flash gold chain or diamond jewelry
Lil Kim with arguably some of this best lyrics in rap (old face Kim) can’t seem to do anything right. Damn she must be hard headed.
This is what the newer generation kids need to see. These folks we see on tv aint what they really are as seen on tv. Yet these kids think they have money to the ceiling... smh. Most of them did not use their money the right way at all and are super BROKE!!!
That house that Birdman bought was Scott storch's old house
What about nelly's house
Tupac was right, F the fame just want the money.
Damn Mine Being Dead.... this apply in small/THIS APPLY IN LARGE.......
No Country Western...Rock ....or Heavy Metal singers.....looks like a HIT PIECE POST.....smh
Yep, They NEVER, Do One, On The Caucasian Entertainer’s 👈🏾
Wtf, mick fleetwood, cindy Lauper, meatloaf, ted nugent, willie nelson, courtney love, billy joel, dee snider, john oaks and so many more. What you meant to say is there not in the video smh lol
@@HEAVYCHEVY409 I LOVE, How They’re Not Even Respected By You Enough To Capitalize the Caucasian’s…….I Peeped You Fam👈🏾🤷🏾♂️😂😄
If you had the money,2008/09/10..was the perfect time to buy properties.
I'm surprised you didn't have Scott Storch in this video not a rapper but he made beats for almost everyone in this video he lost his 10 million house in Miami Beach named Marcia Lago for not paying property taxes to the city of Miami Beach his house was then purchased by the owner of Rockstar Energy Drink you should make a video about the rise and fall of him
The worst part is most of them only lost money because of tax evasion and not paying their mortgages! Smaller house= smaller mortgage and smaller property taxes. Bigger house= bigger mortgage and bigger property taxes. Its not that hard to figure out 🤦♂️🤦♂️🤦♂️🤦♂️🤦♂️🤦♂️🤦♂️🤦♂️🤦♂️🤦♂️
"Wow!"
They got paid with dirty money! Schemes and scams going on. Get rich quick scheme! Some didn’t sing the songs and that’s illegal and they couldn’t account for the things they had. If you have a recording contract and listen to the record label, you can make money.
30,000 in back taxes..poor soulja boy....come on kid..i pay that in taxes every year and im justva truck driver
As a person i never had a bank account
They got foreclosed on because they are rappers. Who cares about taxes? What’s a balloon payment anyway?😂❤
There’s a common denominator here, and I don’t mean them all being rappers. 🤔
Well this was inevitable (In my Thanos Voice).
How tf mf losing regular people houses 183k 220 k wtf
Cham's doing real well nowadays compared to those clowns.
🙏🏾✊🏽😊PRAYERS💪🏾
Every artist that signs should buy a house out the gate
They all did! Then they stopped paying 😂
@@jayc4715 dam I would do some many shows until it's paid off I congratulate boosie how he built his estate weekend by weekend he did the right thing
WHAT I REALLY WANT TO KNOW IS?...😅 HOW MUCH DID THEY WASTE IN (POWERBALL) AND (MEGA MILLION) TICKET'S.
Don’t make no damm sense even poor people have to pay taxes and house notes
I hate to say it but 4000 sq ft is not a mansion at all, most sub divisions are building that size in America its very typical.
Now I understand why they are on LHHATL
I would spend 20 million on apartment
building ( passive income) maybe 1.5 to 3 million on a house to live in not 20 million.
RIP DMX
😂😂😂😂😂😂
THIS IS WHEN YOU HAVEN'T BEEN TAUGHT ABOUT FINANCES SO SAD THAT SOCIETY HAS BRAINWASHED HUMANS THAT TO THEY WORSHIP MATERIAL THINGS MORE
😵💫😔
Sometimes they abandon properties or deliberately let it go for tax debt a trick some of them learned from Jay Z.
There's much better ways to get tax write offs 😂
Typical-01 GPA hood rappers.