It's a tough economy out there.
The Real Housewives are feeling the pain too. At least a dozen stars from all the various RH shows, including OC, DC, Atlanta, and New Jersey, have faced some major real estate woes in the past three or so years.
Between bankruptcy, foreclosure, short sales, evictions, and going in default, it seems that many of the cast member have had to sell their houses at reduced prices.
A rep from Zillow says that RHONJ's Teresa and Joe Guidice "were nearly $11 million in debt when their Towaco, NJ home underwent foreclosure. The couple filed for bankrupty and fortunately, are facing their money problems in credit counseling, some of the other Housewives could benefit from."
Yup, times are definitely tough. Even for ladies who love to flaunt their swimming pools, diamonds, and furs. Guess it's time to buckle down and save some money. We can totally imagine a whole new spinoff, The Real Housewives Get REAL. Ha!