It may not be pretty, but it’s the truth: I’ve seen my fair share of episodes of The Real Housewives. All of ’em – New York, Orange County, Atlanta – and even the housewives in Jersey. It’s been interesting to watch as many of them have gone through trials and tribulations related to conspicuous over-consumption, but I’d have to say that the most conspicuous of the bunch have been the Giudice family (Teresa and Giuseppe – but you can just call him Joe, everyone else does!) from New Jersey, with their custom-built super-fab mansion on 3.77 acres.
Apparently, but perhaps not surprisingly, the family is losing their dream house to foreclosure. The Zillow Blog has a great entry about it.
In my line of work, I run into all kinds of people who got foreclosed on, and it’s true, many of them came to that unhappy fate by simply spending more than they made – but I have yet to see anyone in my neck of the woods do it on this scale. I know, it’s just the bank that got hurt, right? Never mind the investor (your pension fund, perhaps?) who’s probably going to take a bath on it.
Having said that, I must also say – I wish I could pick up a listing like this! I wonder how much they’ll be offered with cash-for-keys?
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