Chamillionaire Strategically Defaults on His Mortgage

Rapper Chamillionaire is not rhyming, but his fans are listening closely to the concept of strategic default, Black Voices reports. TMZ asked the lyricists about one of his homes that went into foreclosure in a recent interview and he shared. “I have multiple mortgages. This house actually was my most expensive mortgage. … When the market went down, the house went down too and it was just worth nothing. … I just decided to let it go, give it back to the bank. It wasn’t a situation where they came and took it from me . I felt like I didn’t want to pay that much money a month for a house I’m never at. … I just didn’t feel like it was a good investment. …” Read more on Black Voices. What do you think about what Chamillionaire shared?