In a streaming-video event broadcast last night, hip-hop star Chamillionaire tried to explain the circumstances surrounding the foreclosure of his Woodlands mansion. He claims his decision to give the 7,583-sq.-ft. property in Carlton Woods back to the bank was part of an attempt to lower out-of-control expenses in light of 2 recent life-changing events: the birth of his son and learning from his mother that she has cancer:
Sheâ€™s doing fine . . . and I was like . . . whatever you need, I want you to ask me. And my mom wonâ€™t ask me because she sees me with all these expenses, and . . . she doesnâ€™t want to say anything. She wants me to live my life and have fun and buy all these cars and all this stuff and doesnâ€™t want to burden me . . . I wasnâ€™t cool with that. . . .
I know I spend all this money a month. You donâ€™t know what the feeling is, spending $300 thousand . . . quick, just seeing it come out of your account. I donâ€™t care how much money you got — you gonna be like, dang, thatâ€™s $300 thousand!
Iâ€™m paying all kinds of stuff: multiple businesses, stuff for other people, etc. etc. So I told her, you know what, donâ€™t worry about it. Whatever bills may come, you let me know. Iâ€™m gonna keep my bills the same. Iâ€™m just gonna cut some slack.
Next: It’s budget-cutting time in Carlton Woods!