summarizes the real estate woes of the Real Housewives of (fill in the blank). I'm a total fan of these zany women who live larger than life (and larger than what their husbands can afford), but even stardom can't insulate these entertaining catty women from the housing crisis.
What is more shocking to me is high number of real estate agents on the show who've been hit. There's Playboy Playmate Jeana Keough
who had notices of defaults filed on 3 of her 4 properties! And then Tamra Barney
who shortsaled her own house after slashing her house 30%. Lisa Wu Hartnell
of Atlanta lost her $2.9M house to the bank for a mere $1.9M.
All of them are agents! One real estate agent housewife they didn't mention was Gretchen Rossi of Orange County. (Fun fact: Gretchen, Slade & I were classmates during a weekend workshop. They actually were really nice.)
Just goes to show that even if you are an agent (much less a reality TV starlet), it doesn't mean you're impervious to the real estate mess.
The problem with "Keeping up with the Jones" mentality is that there will always be someone richer & prettier than you. It's a never ending self-inflicted psychological game. Be grateful for what you have & live within your means.
See how your favorite housewives dealt with what so many other Americans are going thru here
. Good luck ladies! I feel ya.