"Millionaires" Lose Their Overpriced Mansion
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- čas přidán 13. 05. 2024
- The Ace Family parents - Austin & Catherine McBroom - parade around on social media as success stories, but have been facing financial problems due to their recent behavior.
I break down the current foreclosure they are facing, Catherine's lawsuit against TBL Cosmetics LLC, and why they deserve what's been coming to them.
INSTAGRAM
/ spencercornelia1
TIMESTAMPS
0:00 - Intro
0:47 - House Foreclosure?
1:31 - Hard Money Lending
2:30 - How Much Debt?
4:31 - The Ace Family cringe video reaction
5:40 - HIBM course scam
6:05 - Catherine's Lawsuit
8:25 - The Company Sold Out of Product?
9:05 - Expected Product Sales - Millions?
9:48 - Corporate Takeover
12:27 - How Much Lost Revenue?
12:54 - Catherine Threatens to Dissolve Company
13:17 - Final Thoughts
What’s sad is that they could’ve bought a pretty nice house within their budget but they just wanted to show off instead and ended up loosing their home.
Exactly
They had a pretty house when this giant one was being built. Funny part was they made it seem like they are making sacrifice for renting out a million dollar home while their 8 million was being built.
@@Derikimi welp, can’t say I’m surprised
yes! Mr. beast lives in a modest home and prob makes more money!
@@kindafunne for Chris's sake!! you mean *Losing* !!!
loose- "not firmly or tightly fixed in place; detached or able to be detached."
I feel sorry for their kids, it's not easy growing up with self absorbed narcissists as parents.
Speaking from experience?
@@dadillonful i have a friend who has narcissistic parents and she legit wanna die no cap
I have a friend who has extremely rich narcissistic parents, they were more concerned about showing off to their colleagues than showing love to their kids. She moved out on her 18th bday and has rarely talked to her parents since (7 years later). Her parents keep trying to bring her back by using luxurious gifts…so out of touch
Yeah it’s rough
Welcome to social media where people who aren’t who they seem they are
I agree, if a company comes to me and says "Hey, we are starting this business that you're the face of. We will give you 65% of the ownership, we will do all the heavy lifting including shipping, production of the product as well as a full time scientist to do R & D and only take 30%. All we need you to do is post about it every now and then," I would do whatever they told me to do, especially when the product does 100% more in sales than their projections. What an idiot.
Yeah that’s insane!! They could of paid of that house if she was patient. I hope they go down in flames but feel sorry for the kids. How they use there kids for clicks and how taking your 4 year old to school in a lambo to try and impress her friends is so cringy. All there parents probably have nicer cars.
"but i want my friend to be the op manager for it. even if they don't know where the product comes from and you were doing all the work and held all the strings that just made us money without doing anything"
Agreed or they just wanted fast cash now so took control of finances. I lean toward the latter, I would be surprised if they took the cash for products they didn't have and were willing to send out.
Greedy people who are digging a very large hole for short-term goals
As he said they could have been set of life but wasted money and opportunities
I would literally jump on their lap
I think it's the ego that drove them to do that. Since they're self-absorbed narcissists, they probably thought that the success of the company was all because of them and thought they could easily replace anybody. Just casual display of ego and narcissism.
For anyone wondering how long they can live in a house they aren't paying for:
There was an attorney who owned a mansion in Lakewood, Ohio. He was being evicted for non-payment. He was able to drag the process out and live rent- and mortgage-free for (ready?)...
SEVEN YEARS.
Not shocking sense he knows all of the legal loop holes.
Thats when you invite some unsavory types to convince him to leave
Omg!!!!! That's unacceptable
Thats why you hire shady people to "remove" him
WoW 7yrs, I wonder if waiting for them to "go out" shopping or whatever then getting a lock guy in to change locks and remove all their crap to storage?
Imagine being a 70% owner in a company valued at over 100 million and not showing up to the board meetings. Seriously I'd give anything to be in that position 🙃
but can you insta on during the board meetings? No? OK I'm inn!
with the help of satan, you can have anything (just look at hollyweird and DC)
Kylie Jenner owns only 44.1% of her company she is owned by coty , Since last year .
Not to mention that the 30% partner is doing all the work, I just had to do posts and look pretty.
@@travisd7888 exactly, the first comment sounds like he is ready to sell his soul to the devil by doing anything
“Even she’s embarrassed her dad is trying to get cool points from a bunch of 5 year olds”. LMAO I died and came back to life a few times. The insecurity is LOUD. In what world do 5 yr olds know or care about this? The delusions are hilariously cringe.
Kids don't even know what a Lambo is. He would love been better off pulling up on a Barbie bike. 🤷♀️
This tells you so much about the Dad, when you care about more about a bunch of 5 yr olds reactions and film it.The little girl is going to need support and therapy , living in that fake household. The mom had such a opportunity and that attitude like the husband doesn't even know reality of what a golden goose she had. Lastly, these guys are in their 20s and have a $8,5000,000 loan with $95,000 interest,per month hard loan ,not including taxes that is hilarious and sad.Reality can be your best friend in the end.
It’s so funny cause I had literally Spencer’s thought too when I saw that clip lol
Why did u come back to life
@Glen Spivey When you are being exposed by Spencer Cornelia ,its time to go and think somewhere with the wife as to why and how did we get here.I saw first hand in my life a couple of people making a good income, but they spent it just as fast.Reality was ,other parts of life they were not doing so well, so entertaining and buying stuff tried to fill their void.Glen reality can be hard sometimes.
When the little girl said her friends will be playing like they will not care about the damn car.... yeah.
unbelievable! it's not even just karma at this point, it's them having ultra low IQs
Nah. It has to do with character (or lack thereof). They're self absorbed, overgrown high schoolers screwing everyone over to satisfy their own greed. Glad word has gotten out
Exactly
Austin's out here literally trying to flex on a bunch of kids by dropping his daughter off at school in a Lambo as if a bunch of kindergarteners are even going to know what a Lambo is.
Weirdo
Even his daughter knows they won’t give a shit
Better than grabbing her ass like he did that one time
@@booognish 😳😳😳
@@booognish wait what?
This shit is unbelievable, they’ve thrown so many blessings away. Mind blowing. The number of ppl that would kill for these opportunities.
The craziest part is Austin just had to settle for less money and he’d still be very wealthy. He’s a narcissist in the worst way.
Fame and greed got to their head. What happens when clout chasing goes wrong.
Money cant buy class. These two living a biblical proverb
Greed. It'll be there downfall...
Greed throws the ability to think long term
When people start talking about "positive energy" unironically, I instinctively want to reach out for the garlic and crucifixes.
& ... the holy water bucket !!
@@mjchiwara *holy fire
This honestly makes me feel better about my financial issues.
That’s sad. Using other people’s situations to make you feel better about yourself or your own situation.
@@jaydacameron811 It can be sad if it becomes an obsessive behavior, but it's normal for people to want to know that they aren't alone in making mistakes or failing in some sense.
@@jaydacameron811 Yeah yeah. We all compare. Even you Ms. Superior Morality.
🤣😂😂😂 y'all are wilding in the comments
@@jaydacameron811 girl bye
Catherine didn't fumble the bag. Fumbling implies unintentionally screwing up. It's more like she purposefully threw the bag into a furnace.
😅
And both of them had multiple chances to make things right, but they can't due to their greed and crab mentality.
what a bad joke lmao
"The bag." Such cringe.
SuCh CrInGe
I feel so bad for their children.
Exactly
Right me too smh 🤦🏽♀️🙅🏽♀️
They exploited tf out of their kids and have left them w nothing for their future. I hate famiily channels but the least they could've done is leave some shit for the kids' futures.
@QB Killa y r u mad lol?
You don’t know their real life. I feel bad for your kids.
The biggest reason why all these influencer scams happen is because of the following:
1. Money grabs work.
2. Fans have proven they will support anything.
3. There is never any real accountability.
This is why I educate myself to be prepared for financial situations in the future. Money is like a game. Make it work for you and let time as well.
@cnote,
*Damn, you sure are a lil’ CUTIE 😍! May I PLEASE make direct payments towards your college tuition/student loans (Soon-To-Be Dr.) 😩?*
@@glowblank17how many romance scams have you fallen for this year 😂😂😂
And so many people thought Catherine was innocent, she’s just as bad as her husband.
So sad lmao
Next is the IRS is coming to collect.
@@MsNisha023 Yikes you don’t want to mess with the IRS. Even the Joker doesn’t mess with them and he’s crazy enough to fight Batman!
I don't think she is Bad or malicious she is just plain and simple stupid as a Rock and even the rock would be smarter by shutting up and taking the Money.
Believe all women. Stfu
It's honestly insane how hard they fumbled the bag
Nah, they didn't fumble the bag they intentionally spiked it at the five yard line.
@@marcelrobinson on 4th down
@@marcelrobinson lmfao
They pulled a ben simmons 4th quarter
@@saadguessous7039 ben simmons slander
love to see it
“Never envy anyone, you don’t know how they got it” this applies here. They project this perfect flawless lifestyle but it’s nothing but a facade and a keeping up with the Jones behavior.
I think the family loves each other.
"Positive vibes only" is something only the truest of sociopaths would say
You can't expect people to feel sorry for you when you treat other poorly.
Let them tell it.. there always giving back and wanna see a smile on someones face..as they scam them.. ace fammmmalayyyyeee...🤣🧢🧢
Karma is a bitch
their house, their drama, the facade, they resemble my sims lives so much
Shame they can’t motherlode their way out of this shit show.
LOL
@@melandbelle89 LMAO
Lmaooo
@@melandbelle89 NOOOOOO😭
Imagine being a fully grown adult seeking validation from your kid's schoolmates. That's just sad...
"5-year-old in a lambo" just makes me think of how when I was five, my family drove me around in a red AMC Pacer with the bicentennial white and blue stripes on it, that they had to start with a screwdriver. When they finally upgraded from that car, I missed the old one because it was our car and it was colorful and the new one smelled funny. I could never drive a car due to visual impairment, but since then I've have had friends and family with every kind of car, from a 1977 Chevy Nova to a Lexus, and everything in between. Meanwhile, my mom who complained about how our 1982 Accord had no power steering when I was a kid, got to drive a Mustang by the time she was 55, but it's gone now, it was a maintenance nightmare.
I learned about the Lamborghini when I was a little kid, from the Cannonball Run movies. I didn't hear about it again really until the crypto boys started screaming "lambo" at each other. So now, to me, that brand just represents what a little kid's concept of a good car is.
Hahahaha, I also grew up with a '77 Nova in my family. Despite what crazy latinos claim (it's just a name, not to be taken literally!!) it was a pretty reliable car. What's funny is later on, they bought a brand new Buick. The Buick one day broke down but the Nova never saw a mechanic poke under the hood for anything other than oil changes. It just kept puttering along without a hiccup!
Money doesn’t change a person it just makes you more of what you already are
exactly! i don't care about money but definitely don't want to be struggling
It’s hard to tell people that look up to such ppl that hard work pays off in the long run. Most of them make money not really doing much and as easily it comes in it leaves the same way. It’s surprisingly that school no longer teach home economics classes like they did back then. It taught many money management and responsibilities
So I'm cheap now... so I'll be extra cheap when I'm rich? I hope my generosity stays at a constant percentage as I accumulate more
@@samuelhildebrandt9074 you’d be surprised… a LOT of wealthy people stay wealthy because most of their money goes towards investments and assets, the rest is spent frugally. Of course you have the occasional vacation or designer fashion piece etc but for the most part, they’re very minimalistic.
@@murtajiz545 well that's great to hear, cuz I'm trying to get money for financial freedom not for the Hollywood luxury lifestyle. I have no plans on spending anything until I get dividends
This is a clear example of why you should’nt envy the lives of influencers it’s a facade. They’re all living beyond their means
You speak the truth. I see it through some of the youtube influencers that I watch.
Wow fr
yea but i’d like to live beyond my means for a minute
They’re also not living life. Every moment has to be a production and carefully crafted, essentially bringing the storytelling of Hollywood into your daily life like you’re always acting and no one ever says “cut”. That’s not the way to stay grounded to reality, even if you spend years feeling like things are real.
Shouldnt envy anybody
Never heard of these folks before, but as a retired lawyer of some 40 years, with representation of both borrowers and finance lenders on these types of property, this outcome is expect-able. The core problem is that, like commercial athletes, these people get money without having skills or talent in that acquisition. Making money doing YT videos provides no training on how to keep it or make it grow. They do not seek knowledgeable advice, because if they contemplate that they may loose money on roll-over business investment, they think that they will just go back to the well and pick up more cash. On the other hand, their higher public profile pastes a a target on their backs declaring them to be suckers for every con in town. Like for lotto winners, this outcome is the norm, not the exception. (Once the foreclosure sale is completed as here, they are subject to judicial eviction, which is a fairly fast process as such legals go. As for the "Lambo", in the unlikely event that it is paid for and won't be repoed in the middle of the night or at the supermarket, any holder of a money judgment against them will have the Sheriff pick it up and sell it at auction, so they need to drive the piss out of it as quickly as possible.
May I ask you a question? Why do you think so many lottery winners wind up in debt? I've watched a whopping 20+ hours (over 2 months of course!) of lottery winners who blew everything. It blows my mind that the pattern is always the same:
1. Lottery winner claims they know how to be careful and will be frugal with their money.
2. Lottery winner takes out mortgages on one (or two!!) mega mansions! WTF?! Even if I won $2 million, I want to have SOME actual cash in my bank box! I'd buy a $300,000 house and pay it off in full. Fluctuating mortgages scare me, my late brother had to deal with that not once but twice and died owing $100k! Found out that after he moved, he foreclosed a bit on the first house he bought!
3. Lottery winner then has to sleep with multiple hookers or do drugs. Again, wtf? Cocaine? The youngest lottery winner I ever saw (Callie Rogers of the UK) blew a huge chunk of her fortune on dope!
4. Even if #3 doesn't happen, they go on lavish vacations every six months or start collecting supercars or fancy clothes. (One lottery winner even bought a private jet and didn't know how to fly!)
5. Then they always go for a lump sum and lose 20-40% of the winning total! I'd be happy with a "paycheck" of even $50,000 a year on a $200,000 winning lottery ticket but I'm hardly poor.
6. Then they're broke and the creditors start knocking on doors, calling cell/house phones like crazy.
Why is this the same pattern in 90% of the cases?
I’m guessing this might also have to do with a reverse survivorship bias situation. Let’s say theoretically, a lotto winner uses their savings sensibly, pats off a house in full, invests with it smartly, college fund for their kids and give to charity etc, and let’s also assume their family is chill and they didn’t get killed for the money. What are the chances you’ll hear about them? Oh you’ll definitely hear about the lotto winner who blew all of it on crack and hookers in a few years but you’ll never hear about Jimothy down the street who won a lotto 5 years ago who still has most of his fortune. These kinds of stuff are just inherently more entertaining and so news will pick up on it way more, like how celeb charities are always ignored in favour of scandals.
Spencer I love how smart and informative your content is. Hoping that this is the future of CZcams, quality well researched, competently presented content that has some meaning to the world.
Bro he really made a video about his daughter being able to stunt on her like first grade friends for pulling up in a Lambo? Bro they don't care. Dam validation is one hell of a drug
90% of ther fans are fetuses(kids)
Gotta love clout
I'm Ace James, biatch.
daughter dont care about no lambo, girls arent interested in cars to begin with🤣
@@draco2xx you're right his daughter has zero interest and it's embarrassing 🥴 please stop Gender stereotyping 🙄
8.8mil hard money loan??? sheesh. I think that means you can't afford the house lol
It's gonna be juicy the next video they upload😂
That shit made my palms sweat. I’ll stick to my $600 studio in the ghetto for now thank you very much
Lol being a doctor and all I'm sure you know!
That’s a loan to rule them all…
HEY THERE DOC.. MY NUTS ARE VERY ITCHY... SO I SCRATCHED THEM AND NOW THEY DONT FEEL ITCHY.. THANKS FOR UR HELP
This is your #1 video and you literally just posted this a month from today.
Wow, Spencer, you've grown so much man. So happy of your success! Keep it up!
What an informative and insightful channel! I am learning so much from you. Will share it with friends and family. Thanks Spencer
This is what happens when CZcamsrs think they’re celebrities 🤦♂️
Ehh, technically some of them are, just some are sleezy
Cause I would say RDC are celebrities
@@primetimegrant I was gonna say something like that
Celebrity just means a well known person, social media is huge, there are quite a few CZcams celebrities
CZcams influencers are only known in their market and niche audience. They are NOT true celebrities. Tell me one CZcamsr that made it on CZcams that is known around the world or even known in the US by younger and older people alike? I can’t think of one. Like I’m sure everyone knows who Tom Cruise is or Prince or Michael Jackson. CZcams is still considered bottom of the barrel because the shows are only appealing to a certain amount of fans. It’s not appealing on a massive, global scale. Until that happens, CZcams is still considered second class compared to local and cable networks.
I thought Catherine was just a bystander of this epic downfall, but she's just as bad as Austin lol
i think she was under his spell. and took his advice to do bad things
@@BLX187 why do you think that
@@Mi.i.i because most woman,even nowadays,still listen to their husband..BUT she is a grown woman and thats why she gonna face consequences aswell,as she should
sad 4 the kids doe
@@BLX187 she’s the smart one. She’s more than likely the mastermind behind this. Look up a channel call cruel world happy mind. She breaks it down in depth. She’s not innocent in any of this.
@@Zamliyx3 Way to make it weird.
Spencer!! You don’t just give your genuine thought on fake individuals on social media. YOU TEACH US while in the process. Thank you.
Imagine getting 70% of a multi million dollar company and it still not being enough for you. Absolutely mind blowing I hope they have money in a 529 for their kids college funds
Millionaires trying to live a billionaires lifestyle. I'm highly skeptical of anyone who is overly flashy because more often than not their entire life is financed on debt. The side effects of over consumption, pride, and vanity.
And sometimes not even billionaires live that lifestyle..
Truly wealthy people want to blend in, keep low profile, avoid the vultures and bloodsucking. The wannabees show off, looking for attention, don't consider people using them because they don't really have anything for the vultures to take.
Spencer, please keep this up. You're showing the underside of these influencers who make it seem like what they do it easy and have this great lifestyle. You show they cheat and manipulate their ways to a short term "success" that crashes down.
Not all but a lot of them yes 👏🏾
Oh the flip side, I’ve honestly heard of none of the people he talks about except from on his videos.
Social media is such a facade . Always remember that people only post the good . You’ll rarely see them post the negative. They make money by selling you a lifestyle instead of a product
CZcams is a business & this is usually how businesses fall by not doing the right things.
Facts!!! He earned my subscription! Keep exposing these clowns!!!!!!!
You did wonderful work on this video. Great financial tips and ways to understand légale jargon.
The beauty lawsuit was written beautifully 😂 they are not playinggggg.
Lol the ending when he said “Even if they LOOSE Their House., they will still have the ORANGE 🍊 LAMBO” 😹😹😹👌🏼
So Catherine was on pace to make 37.8 million dollars this year by basically doing nothing, but got greedy and impatient and decided to try and take over the whole operation? What the hell? This is worse than Austin refusing to advertise his fight. This family could be living the life they want everyone to believe they live if they weren't such greedy pieces of shit.
Right?? They're the biggest idiots beyond. Wonder what they will say in their next video, or if they will already have to film at a different location.
She took her husband’s course……..
I guarantee you Austin advised her to mess things up so he wasn't the only one messing up
That surpass Trisha and her 5% debacle lol
She wouldnt make 63% of the companies revenue, she owned 63% of the company. Based on the 60million in revenue, the company could have been worth 500mil -1billion depending on the margins, meaning she could sell her stake for 250-300million on the low end. Talk about blowing it.
I bet most “rich” CZcamsrs who flexes on such wealth are drowned in debt as well. Crazy how the desire of getting approvals from strangers on the internet do to people.
Same with reality shows! Look @ all the Bravolebrities who presented themselves as wealthy only to face bankruptcy, lawsuits, IRS leans, criminal charges &/or jail time for financial crimes.
You are pretty correct. It's mainly the lifestyle channels and vloggers.
I work in finance there are tons of people that jump from credit card to credit card to keep up a look
Not even just rich CZcamsrs, I can drive down my street and know most of the people around me are drowning in debt, probably because they watch rich influencers.
Not taking from your comment but it’s also business. Not only do they want to please people, all the flashiness is good for views. You don’t and won’t get 1M subs in an apartment or driving a 2017 Hyundai.
Subscribed! Great channel and you put lots of effort into your videos 👍
This is the type of Channel I need to be following. Subscribed
I feel sorry for the kids especially with them having their fake rich life in public.
I'm so lucky I grew up just in time to miss social media. I did so much embarrassing and cringy things as a child.
@@Madvillainy48 I'm sure ppl will b "cancelled" in your era if SM was there
I wouldn’t say fake rich, they had 67% equity in a 60 million dollar company and a massive CZcams channel. That’s not fake rich at all, that’s genuine wealth. They just scam anyone doing business with them
@@kickandblock fair point but they don't seem to be wise in their wealth, at least from his findings
@@happyguy2k
Bro my entire high school years is one long cringe/cancel compilation holy shit am I glad I came before social media was a big deal
Anyone who feels the need to tell everyone "I am humble, I am creative, We have such good vibes" probably has none of these....
Low key, a humble man will never say he is humble to anyone. This fool is anything but that.
spencer, this channel is gold. Digging thru the marketing b.s. and showing the numbers
I love your content .I had to subscribe 🙌🏽🙌🏽🙌🏽🙌🏽🙌🏽
His grandfather was my economics professor in college so this makes it even more funny to me knowing he could’ve easily went to him for help for financial advice
He wouldn’t take it , he’s giving “ I know everything “ big head vibes “ look at what I’ve done” don’t know sh*t vibes
That’s crazy he was also my eco prof. 🙏🏽
Bianca Baptiste damn ma dead on! I hate big headed, ego driven, superiority complex type of people!
Is his grandfather even alive. No.
@@yzmundanord1908 how tf do you know?
It's nice to see these people being called out and recognized for what they are because what they are doing to their kids is just completely insane.
Facts
i had to close the video after the guy said he should focus more on his dating life in the gym-- creepy
@@henkdachief pretty sure it was a joke cuz
@@henkdachief lllll
I'm just writing this cause it feels relevant, not for attention😅 I have a super tiny channel and my nieces wanted to make a video where we do cartwheels. Even though it's not close up I still had them facing away from the camera cause I felt so freaked out by displaying their faces for anyone to see. And I don't even have many views! Maybe I'm TOO paranoid but it just feels uncomfortable to me😅
So glad that I came across your channel! You have a new subscriber!
💛💛💛💛💛💛💛
Great video! Keep up the great work! 1 millions subs coming soon my friend!
This is what happens when you try to “flex” on everyone, stay humble kids. The fact that Austin is trying to turn his daughter into a narcissist just like himself is just sad to watch.
It is...she just wants to be a child. Doesn't care about all of the razzle dazzle and he is poisoning her with materialism. Very sad.
If I had a business doing everything for me and they only asked for 30% shit im 100% down 🤣🤣
That’s because you’re smart
I don't think Catherine will actually get 70% of the revenue. The company that is running the business is definitely selling/providing their product at a steep markup, which means that there will be little profit to distribute. But even if only a a million per year would be left over, I could live of that after just a few years. But I wouldn't buy Lambos, so that's the difference.
tap in with me, i can get you an online store. For 20k and 70/30 profit split
You put up the money and I'll do all the work for 30%
@@jcsjcs2 honestly Lambos or anything over $50k that depreciates in value is a stupid purchase.
“I was as shocked as John coffee in green mile” 😂 dark humor is my favorite
Just discovered this. I have subbed. As your videos are top class. Max from uk 🇬🇧
I hope their kids socially develop well, despite having a dad that needs 5 year olds' approval
with a camera being shoved in their face constantly and this whole act of being the best family etc, i don't see that happening sadly.
Yeah, honestly a couldn’t care less about the parents, but it breaks my heart to see innocent children roped into this.
I think at this point they know their parents are the very opposite of a role model. They're young but they know. They'll be aight as long as they can see that. sad but at least there's hope
Wow.. the fact that they had all these opportunities and did this with them just is crazy… a lot of ppl would kill for those opportunities. And their kids .. omg. Feel so sorry for them
I know .
How angry I'd be knowing I could of been set in my life if my parents just saved for it
true but the opportunities werent just handed to them.. they had to earn them obviously they fucked up tho
Actually alot of these other people would do exact same with those opportunities or worse. The pandemic proved that. This is the most free money Americans have ever gotten and folks STILL wouldn't put themselves in better positions or pay bills.
I'd be embarrassed as hell if they were my parents.
I thought your profile pic was the Ace family 🤣
Imagine being in a local community theater where you played the role of Tiny Tim every day then going home each evening. Then compare that to waking up and having to portray the characters of "Austin and Catherine" for your daily post then after your performance going back and living the McBroom's actual life. That's a special sort of hell they created for themselves.
Your sarcasm thorough this entire video is gold😂😂😂😂😂
As a property adjuster, the house was poorly constructed. If I was a billionaire I’d tear it down and start from scratch since the land is more valuable then the structure.
🥴
You know whoever buys it will spill on the shoddy work.
I love Drew Gooden's video on it. "In the last house if we wanted to go to our in-house gym we had to walk all the way *downstairs* then go back *upstairs* Now they're on the same floor."
You are 100%, I see this all the time in Rancho Sante Fe, infact just had a realtor friend purchase a 6m rebuild project, destroyed the entire house and rebuilt a new house and they then sold for 11m and the new build cost about 3m so he got a nice profit.
I also see it in La Jolla, they just gutted a house to studs near the water and rebuilt from a single story to a 3 story and then sold that one for over 15m as its on the la jolla cliffs and the backyard is just the ocean and its private.
tsk tsk I just need it to look good on Insta bruh
The fact that they took two generic California modern boxes and decided to connect them should’ve been an immediate red flag to the lenders
That’s what I was thinking and to get those types of loans … Why would you do that knowing you ha w to pay it all back? Who is their business manager? They make such bad choices and exploiting their children is really disgusting.
@@michelleelmore5533 their narcissism was guiding them. They’re so sure everyone loves them and will buy whatever crap they want to sell, so they just figured they’d be able to make the money to pay the loan or get a loan from another lender
Cmon guys, don't be like that. It's good vibes only! 🤙
like they don’t even use that whole house .. their daughters legit share a room . what read the point . 😂
Quality journalism sir Spencer.
Damn Spencer, you went IN here lol I had to revisit all the drama and I'd forgotten so much of it! Oof.
“And that doesn’t include the future therapy bills for their children” 💀
Money isn't everything. There's so much more to life. Giving is a wonderful fulfilling act. It doesn't have to be money or expensive gifts. Give whatever you can.
Well said! I had hoped that most ppl would feel this way after experiencing the devastating effects of a global pandemic. In spring 2020, when the number of ppl in the US dying from Covid started being reported by the thousands daily, I made the comment no matter if you are an NBA multi millionaire like KAT or working a 9-5 job you are in the same helpless boat if your loved one gets critically ill from Covid. I too like Karl Anthony Towns lost my beloved Mama (way to young) to Covid pre vaccines. Money will give you better access to health care but it’s no guarantee that you can buy good health! Cherish the time spent with your loved ones, time is more valuable than any other currency. I would give up all my worldly possessions for just 5 minutes with my Mama. Not being able to say goodbye or I love you or hug one last time when your loved one is dying in hospital isolation is one of the cruelest things abt this virus.
everybody should try to be like Mr Beast
Money does help tho 😢
Money is used to fund the majority of the “so much more”. Money isn’t evil, the people making it out as such are 100% miserable financially.
Money is not the culprit, it is how you use it and what kind f a person it makes you to be.
Great info. Thank you for this video. One thing I noticed is if there’s a way to become a millionaire easy or at all nobody’s gonna tell you how to do it for any price. They’re going to keep that secret for themselves
I like that you blurred the kids face you honestly probably care more about their mental health than there parents
The Ace family didn’t get rich because they are interesting, smart, or talented. They got rich because sooo many people are just that stupid to buy into their act.
All of their viewers are young ppl who live vicariously through them
If they were rich they wouldn’t be going under fore closure
@@shopmycloset4273 💯💯💯 too many clowns spending money that isn’t theirs, trying to impress people they don’t know online
The first time I hear about this family since I don’t like watching reaction videos I just feel they’re kinda gay from my point of view. But I’m glad some folks are waking up on this not giving this kind of ass$$les views. There downfall is there wake-up call
Most famous influencers. Look at the people we give attention and fame to. Jake and Logan Paul, that chick who got famous for being a completely spoiled brat on Dr.Phil, and pretty much anyone famous from tiktok
Imagine paying $110k per month, just in interest solely for an image.
Humans, we’ve overstayed our welcome on earth.
I agree with the first part, but yikes the misanthropy was not needed. It shows your privilege. Most humans don’t even live close to how the Ace family live. The majority are not the fault of the few. It’s the 1% that are the issue, not the 99%. Human hating feeds into a hating for those who are poor and underprivileged when their circumstances are not entirely the fault of their own.
Maybe they aren't human? Jk jk
Terribly empty human beings. They need to find their Jesus.
@@qetsiyah1766 Dude I really don’t think it’s that deep.
@@alex_n215 i mean it can kinda be that deep. it’s akin to being like “humans are responsible for climate change” and i mean yeah but for the most part it’s the 1% (with exceptions). it’s usually the rich people that do dumb shit to make money and then people are like “well everybody..” but no, it’s not everybody. but it’s the 99% that clean up the mess 🧍🏽♀️
Subscribed! Not familiar with Ace fam. But I love these kind of content👍👍❤️
THIS is what I call cultural commentary. Other tea channels don't stand a CHANCE with your videos which are to the point, calculated, and are filled with actual facts!!
This is a great example of how social media is easy to fabricate. All show with no substance very few influencers actually have business savvy and have built their wealth in their own.
FINALLY someone who isn't calling one of the Jenners or Kardashians a genius instead of a spokesmodel.
@@DXR-kb4xu Ray J made the whole family famous.
@@DXR-kb4xu ray j made the Kardashians by fucking Kim 🤣
@@DXR-kb4xu Just shows your age 😅
@@jcspeed1 Kanye and Ray J.
@@jghifiversveiws8729 don't forget OJ Simpson
Time out like Little T-Mart, im dead. 🤣 new subscriber here!
“I was as shocked as John cofee at the end of the green mile” bro I had to pause the video immediately 😭😭
This is a prime example why you don't take these lifestyle folks serious, let alone support them. I've never understood why people are obsessed with channels where their whole shtick is spending money and trying to flex on people.
And now they can’t cut back in spending coz of their need to be praised.
coughtrishapaytascough
@@suneetsachdeva2168 I had to look up who that is and now my future children are having nightmares.
The only explanation that I have for people becoming obsessed with these corny and fake influencers is that they envy that lifestyle and imagine themselves in the place of the influencers. I can see why people feel that way, but I think it’s ridiculous. Especially when they are openly frauds and people still flock to them.
Children, children are the ones who watch these videos and give them money.
We should get together to propose a social media protection of child bill. Protect our kids, especially from their own parents.
How does this only have 44 likes? Another thing that needs to change is exploiting child victims on gossip sites. Aka WOACB! If people want to report on children, youtube should refuse monetization.
silverspants start a petition!
Hell yea! For real, this needs to be done!
don't give your kids phones and actually spend time with them simple, but hey we are talking about people who hand their kids over to the state for an "education" so hey one can hope
The future gens of adults qhen these kids grow up are going to be FUCKED
Spencer always roasts people in the most savage way possible while keeping a straight face and sounding serious
I love this channel, SO much!!
“And that doesn’t count therapy for their children” 😂😂😂😂😂😂
That sent me 😭😂😂
*laughs until the cold reality of the fact that they will and it’s not their fault and we are kinda laughing at a child’s pain*
@@Werewolf.with.Internet.Access and laugh again at that realisation.
ngl that's pretty sad for those little kids
Kids being taught that a car makes you cool is disgusting.
And the kid seems to know better than to be like her parents
As of June 2022, in California theres a Moratorium til September 2022. When that ends, you need to have 4 months of non-payments to file in court for an eviction, then another 4 months for a judge to app[rove the eviction... if no lawyers push the date out, which usually happens. In essence a year of not paying rent basically.
Are you going to do a vid on their recent “explanation”? By their logic the person who needs at least a temporary cert. of occupancy in order to sell the house initially is the developer. So it looks like the developer sold them the house in 2019 for $10M. It doesn’t make sense to me why they then needed hefty additional loans for construction. They would have needed at least a temporary CO in order to get that mortgage, meaning the home was almost done in the first place as they claimed in a vid when they moved in. A $10M loan (since that’s close to the finished value of the home) should be enough or close to enough for both the mortgage and remaining construction. You can’t spend more than that and I don’t think you can charge full price for an unfinished home that, at the outset, needs more pricey work to obtain the CO. I mean even if they’re less than financially savvy they are able to calculate the finished value of the property. Zillow states the value is $9.2M based on sq footage, I’m assuming that’s a livable house.
And no one would just “lose” that amount of money right? At the very least you would try to recoup some of it by selling the house at it’s true extremely discounted value. A homeowner wouldn’t just say “Forget all the property tax, mortgage and construction I’ve paid on this house.” You then lower the price…?
I mean I’m not in real estate, I’m a biz owner but obvi something doesn’t add up. Just heard of their “explanation” today so still putting it together in my head.
Reminder that you may have grown up middle class or even poor, but at least your mother/father never flexed on your classmates by driving a rented lamborghini!
*calls my mom to thank her for raising me to be humble and not materialistic*
To be fair it is theirs or was…
And I’ve never been more grateful for that till I saw this video
If that happened at my primary school I can guarantee you that kid would get bullied all day by the other kids. Especially if they weren’t very popular to begin with.
"What are your friends gonna say when you pull up in a Lambo at school?"
Me: Nothing, because kids don't care about shit like that. Only their fame obsessed, delusional parents do. 🙄 Talk about teaching your kids what's NOT important in life.
I feel so bad about the kids. She seemed so disinterested, and of course she was she’s a child! I wonder how often she gets to go out and play with friends.
So dumb. Kids will at most say it's a cool car, but won't give a shi* about being a lambo.
@@alos.h256 seriously, kids that age are more stoked about getting to ride the school bus for a field trip. They don’t care about a lambo.
The kid goes to school in LA - the other students likely have rich parents too so it probably wouldn't impress them.
My Dad used to drive for a very rich businessman in the 80s. One day he dropped me off at the local cinema in an ostentatious white Ferrari. I was mortified. I begged him to let me get out round the corner. He doughnutted into the cinema parking lot. I was an awkward, chubby teenage girl trying to come to terms with my parents failed relationship. I would have walked with him and had quality time rather than spend the journey pleading to be let out of the super car. Lessons learned I guess. Not all is as it seems. Ever
This is pure comedy love the coverage 🤣
Damn Spencer got 1.5 million views!!!! 🔥🔥🔥🔥🔥🔥. Congrats how do you feel my friend??? 👍👍👍👍
"Perhaps Ms. McBroom would have more accurate understanding if she participated in all of the Board meetings as she was obligated to do." Goddamn, 0 chill from the lawyers lmao
I have never heard of them, that is a blessing
I’m jealous lol, they’ve been roaches since family channels been popping
I don't ever check the trending pages and I only sub to the small amount of topics that interest me. I also don't scroll instagram or Facebook and I don't have snap or any of those other time wasters.
If it isn't from Spencer's Channel, don't bother.
I wish I could say the same 😒
Me too. I'm always happy when I'm able to avoid parasites like this
"Get put in time out like littler T Mart"
I'm on the floor dyin🤣😂😅😂
I'm glad you exposing these people. This world is full of gullible people they fall in love with these materialistic people because of they lifestyle. Keep exposing these clowns.
“… and doesn’t include the future therapy bills of their children.” Omg I choked on my water
I love it when people get humbled.
They aren't humbled
I think everyone should flex achieving even material things I mean if you work hard enough then why not? But to be stupid about your purchases and not deal with your finances and show off…. Well that’s not only dumb it’s also embarrassing
They'll just move on and find other people to scam. The world's a big place they're not done yet
Unfortunately they r so delusional they probably think they still wining
As long as they still have fans they ain't going nowhere. They'll find a new way to scam. Lmao
Thanks for exposing these true predators on not so smart people wanting to be like these influencers. Money and flash doesn't always make a happy life.
Just stumbled across your channel ..it's nice to see someone calling out all this social media fame and wealth bullshit .
When I was picking my daughter up for school, another older girl-maybe 4th or 5th grade-was getting picked up by her dad in an R8 Spyder. I used to dream of that when I was younger. But seeing all the attention other kids were giving this girl purely because of the car, made me realize now as an adult how lame it is.
Don't get me wrong-I'm buying a Huracan when I can afford one. But I won't be picking my kids up in it because I don't want them growing up with a bunch of fake-ass friends.
👏
Good parents are a priceless gift
I used to pick my kids up from school in a toyota or Land Rover defender while other children were being picked up in Bentleys and other very flash vehicles. My vehicles were so out of place that I seriously considered getting a Bentley until I just accepted such a car was not for me.
but then you never know if your child is getting bullied
for them getting picked up in a trashy car.
kids nowadays are mean
That sounds more like you’re calling “sour grapes” rather than having learned anything
Was not expecting that Chappelles show reference 😂🔥
📠
The boy Trap Lore Ross!!
Yooo trap lore ross 🔥
#classic
Love your vids bud keep up the good work 🔥
Great break down, Spencer
That opening line is a good way to find out who really is important in your life.