Tyga
26-year-old rapper Tyga spread himself too
thin financially and his assets are being repossessed left,
right and center. Not only was Tyga evicted from a mansion
he was renting in the Hollywood Hills, according to the
website TMZ, two of the rapper's cars have been reposed.
Tyga’s Lamborghini and Bentley were repossessed over missed
payments on cars worth a combined total of $500,000. The
Mercedes SUV he owns is up for repossession as well, but the
car dealer has been unable to retrieve it from the home of
Tyga’s girlfriend, reality star, Kylie Jenner, who lives in
a gated community.
Tyga and Kylie Jenner
Tyga leased and financed luxury items to
keep up appearances, but he did not have a steady income
stream to cover the price of the items. To create and
maintain an inaccurate image, Tyga got himself into massive
debt and is losing all his assets as a result. It is better
to by a simple condo/flat and one car, than to lease a
massive mansion and buy three cars you can’t afford to pay
for long term. All his money just went down the toilet,
whereas he could have paid off and owned free and clear the
condo/flat and one car with that same money he used to
lavishly lease a mansion and finance 3 vehicles, none of
which are his now.
Tyga and his Mercedes SUV he gave to
Kylie Jenner
He’s not the only one doing this. A number
of entertainers are leasing and financing homes and vehicles
they can’t afford, to portray an inaccurate image about
their finances, for social networking (Instagram) and
television. There are many people in this world, such as
myself, who are not impressed by displays of wealth. You’re
getting into debt to keep up appearances, when many people
don’t care about such things.
