Poster boy for what happens when you don’t live within your means?
I’ve never understood the attraction of the multimillion dollar estates.
I have a dream home thought up, if I ever won the lottery. It’s a 2700 square foot home that will cost me about 600 thousand to build or so.
McMonigle reported that he owes his creditors about $50 million, while his assets total just $2.4 million.
His critics say he got reckless. McMonigle and his defenders say he is just one of many caught up in the economic meltdown. He blamed a lender for cutting off financing as well.
Will be true for the USA also.
living pay check to pay check at that level is stupid!!!!