Auditioning for the Real Housewives of Rancho Mirage Now? Dressing like it is 1929 might be prescient right about now???
OK, that is the LAST time I ask Chat GPT to write a headline for me! (Unless it works…). Hard to blame it when faced with this level of a Real Housewives audition though?
For those who require background:
Chapter 1 - Vincent and Maria Deshayes, Obvious Mortgage Occupancy Fraud
Chapter 2 - Vincent and Maria Deshayes, Multi Millionaires?
This Chapter - $15 MILLION or 15 Cents, you be the judge!
This Chapter is in regard to Mrs. Deshayes “Rich like a white man” substack comment where she now claims that her hubby is worth $15 Million not including real estate equity:
Only subscribe to her substack if you require a purge inducing dietary aid! Who needs a sorbet!? I honestly don’t know if they are worth $15 Million or 15 Cents, but put 30 seconds on the clock and I can reiterate what folks worth $15 Million do NOT do:
-Talk about having $15 Million (or fight club…).
-Dick around with a one-off negative cash flow real-estate investment that could put them in prison and/or get them deported!?
-Use a 6% ARM mortgage to do it…
-Have ex-wives that take nothing in trade-ins for Sugar Babies.
-Marry Sugar Babies without iron-clad prenups.
-Get taken to court for $8,000 worth of appliances (I know, baller move right!?).
Rich White Guy was actually fortunate enough to purchase his principal residence at the right time, used it as a piggy bank (also more of a 15 center kind of move…), and is now having some difficulty trying to cash in:
If you were worth $15 Million and ridiculously bullish on real-estate at a 6% financing rate, why the hell are you giving up this sweet property at what should be a 2 percent mortgage rate??? Answer: You are not worth $15 Million and you need cash quickly!
If you are looking to buy/rent, I would probably wait them and out…much like most of the people/companies scrambling to sell and/or rent at unsustainable levels before the music completely stops, most of them probably need the cash!!!
Prediction: This either ends in a Real Housewives role or a spectacular bankruptcy. Either way, if the mortgage fraud doesn’t get addressed, we really don’t have any mortgage fraud laws anymore…