After declaring bankruptcy, Real Housewife Teresa Giudice and her husband Joe are being forced to auction off items from their extravagant home (a tour of which is in the video above… that playroom. My God.) The couple are selling two flat screen TVs, a foosball table, a suit of armor (???) and several chandeliers, amongst other things, to cover debts owed.
Anyone who is familiar with the show knows that Teresa’s spending is out of control and in recent episodes, she’s been defending her family’s financial state to no end. I actually feel for her and her family, as it’s clearly her own lack of education on finances and responsibility that got her to this place. They’ll be suffering the consequences of their overspending for years to come.
as a realtor in California, I know A LOT of people who have been affected by this economy. I also know a lot of people (especially in my line of work) who did get caught up with not being smart with their finances and spending habits and now it’s totally caught up with them. I know some who have declared bankruptcy and have had everything taken but the clothes on their backs. I also know some people who have declared bankruptcy, sold everything but were able to keep their cars and homes. But the lesson that they all have learned: how to handle and control their finances. I do feel sorry for her and especially her children. It’s very hard for kids to go through something like this when they’ve been used to their certain way of life since the beginning. The most important thing that I hope is learned here is how to learn from the mistakes that they’ve made in the past in order to prevent them from happening in the future. This is happening to so many people across the country, it’s just that it’s being put out in the media and it’s a bit of an eye opener to so many. This happens to the rich, the poor and everyone else in between. I hope this doesnt tear her family apart but brings them together in a stronger and more supportive way. My best to her and her family, muah, muah, muah! (that’s my impression of her)
when we have to buy every tacky home accessory we come across, and we care have to have a designer name on our plain ass plates, and we buy this shit until we lose our home and put our kids through drama, we are SPIRITUALLY bankrupt long before we make ourselves financially bankrupt. Sorry to preach. I do think her taste is unforgivable, though.