Perez Hilton Strikes Another Houston Rapper
Chamillionaire had his Houston mansion repossessed by the bank after it went into foreclosure, but the rapper claims it was a calculated business decision. He bought the 7,583 sq. foot home in 2006 for $2 million, but failed to make several payments. The rapper said that he "decided to let that house go" because the real estate market had turned, leaving the house as a bad investment. Chamillionare also noted that he was never at the home. "I was always on the road touring," he said. "I just didn't feel like it was a good business investment to pay that much mortgage for a house I was never at. I still got all the cars." It could just be us, but wouldn't it have been a better business decision to sell and not eff up your credit for all eternity?!Wow. Rocks Off thinks it's really sweet Perez is so concerned about Chamillionaire's credit and all, but seriously, this guy is supposed to be one of the best-connected gossip-mongers in Hollywood, and this is all he can come up with? We are losing faith like we are going to be losing body moisture at Summerfest this weekend. Slow day in SoCal, huh, Perez? Anyways, Rocks Off supposes it's nice to know there's not a whole hell of a lot going on in other places too. Stay tuned for "Fails of the Week" - if we'd noticed this a little sooner, it would have been in there for sure.