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If it takes ten years to build a mansion, something is wrong. He probably over paid for the property like too many people in this country did. He is probably stuck with property that appraised for higher than what it is worth in the current real estate market.
Might need to get with someone and make a hit record quick.
NEWSFLASH!!!! YOU DON'T MAKE MONEY OFF CDS!! YOU MIGHT GET LIKE A FEW PENNIES OFF EVERY ALBUM YOU SELL!! THE MONEY IS IN TOURING THESE N!GGAZ CAN DO OLD SONGS ON TOUR AND STILL GET LIKE 10-50 RACKS A SHOW. SO AS LONG AS YOU GOT A FEW SONGS PPL KNOW THEN YOU CAN ALLWAYS TOUR AND MAKE SOME MONEY!!
@TOPIC WELL YALL DID SAY HE STARTED 10 YEARS AGO AND THE MARKET WAS GRAVY BACK THEN.THE LAST THING YOU WANNA DO IS PUT MONEY "N2" A HOME IN THIS MARKET!! 10 YEARS AGO THAT SHYT WAS OK TO DO.RIGHT NOW...FAIL SO FAT JOE AND EVERYBODY ELSE TRYIN 2 SALE HOMES ITS NOTHING NEW.
It's funny how MTO is into the business of giving of some financial knowledge now...
Let me get this right...If somebody puts their home on the market it means they have money troubles??? WOW!!! And no wonder why nobody takes this site serious...
I guess that Fred hasn't heard this cliche "Less is the new more"...Meaning that he wanted to downsize to something smaller...
All I kno is he don't deserve th@ new beat w- him & Jeezy on it. He din even kill it, flow was mediocre. Jus 4 th@ I'm flippin it LOL
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I feel sorry for Fat Joe because he has a family. He also been trying this rap thing for about 10 years now. I hate to see anyone who tries that long and hard fail. That said, I am not surprised. Where is he supposed to get money from. he never really sold any CDs and he can't do much touring so where is the money coming from. Clearly he has to sell (in the worst real estate market)so he can get some money to pay his bills. Sad.
Living lavishly for what?? Taxes are hella high on these big houses. Haven't ya heard. A 300,000 house in TX will run you about 10,000 a year in taxes in my city. I know one of the San Antonio Spurs home which is about 3 million has about 160k in taxes on his home. YIKES!!!
That is no joke. Plus the maintenance and upkeep. The power bill, the water bill, the HOA fees etc. Having a house that big is overrated and a waste for the planet.
Such a shame, he could have purchased a nice new home for between $300,000 and $500,000.. SMH
He obviously couldn't manage money.. blew it on a bunch of bullsht like they always do.
My two cents: The house looks fresh but the dining room is shaped weird; that and the kitchen makes that house a hard selling point. He messed that up! He's a motivated seller which is why the house is priced so low.
I won't say Fat Joe is broke but do the math. He put's out 1 hot single every 2 years. A album that doesn't sell in between that. Pay for 1 or more video that support the album. Buy clothes,jewelry, cars and travel to support his status as Joey Crack. All those things are a expense with no income coming in. So in math term that means he's bringing in no money just spending it. So now he has to change is lifestyle. Doesn't mean he's broke. Means he's getting smart.
Hate 2hear it, I thought he was moving weight like what he raps about in all of songs. Now maybe you can rap about real $H!T now not rolling in dropheads and losing your crib because of the market. That rapping about selling dope, popping bottles & fugg'n b!tches is playing out playuurs. Oh yeah 50 killed your career also. Maybe u can move back to the BX now & jump the next up & coming. LMAO!
@ pervert hater, which you truly are. NY & Cali DID hold it down, but it's just a handful of those rappers that get propz. If the getting was as good as u claim it was where are the rappers now...exactly! The south is too deep to be held down. Ya'll gotz to collab on the south's $h!t to get even air play. Better recognize & respect US dawg. LMAO!
damn i'm sorry ya'll really have no clue about the boy Joey. he got CRAZYYYYY amounts of paper. money is pretty much public record you can go check on him. his gov't name is Joseph Cartegena and his networth is just shy of 100 million. people sell houses.... he spent alot of money to build it and possibly lost interest or figured he could make alot back on it. joey is FAR from broke.