Tony Hawk Reveals ‘Party House’ He Bought at 17 Became His ‘Saving Grace’ When He Faced Financial Hardship in the ‘90s

https://people.com/tony-hawk-reveals-party-house-he-bought-at-17-became-his-saving-grace-when-he-faced-financial-hardship-in-the-90s-8785917

7 comments

  1. > During a recent appearance on SoFi’s Richer Lives podcast, Hawk, 56, discussed purchasing his first property during his senior year of high school after following some advice from his dad Frank.

    > “I was making good money, and he said, ‘I really think you should invest in real estate.’ And what I heard was, ‘You can have your own place, party house,’ “ Hawk recalled.

    > “I ended up buying another property, kind of getting underwater with my expenses. I had a big ramp set up there. That was the dream, but I just really was in over my head,” Hawk admitted.

    > He explained that he “took out a second mortgage on the house to start a skateboard company, of all things, and then ended up selling the house for what I owed [and] moved back into the house I bought when I was in high school.”

    > “The baseline was, ‘Don’t live beyond your means.’ I thought that I wasn’t. I just kept kind of being in denial that, ‘Oh, I’m not making as much as I’m spending,’ “ said Hawk. “And then at some point, I definitely was not making as much as I was spending and I still had all these expenses.”

  3. I read his book. Really interesting read. He talks about all this.

  4. Oh yeah I read this in Who Gives A Shit magazine

  5. This sounds like the house in that Simpsons episode where Bart divorces his parents.

  6. It turns out that owning a home is better than renting someone else’s home!

    Go figure.

  7. After reading that I just realized Tony named his son Hudson Hawk a year and a half after the Bruce Willis movie Hudson Hawk came out.

Comments are closed.