I hope you when a pee-body award for this or sumthin

wrong Cumia for peeing references

Ant is...

Guilty by Association

if he had the money he'd write a cheque... nigga broke

Ugh

At first I thought this was fake, but it sounds like I was wrong.

So, here's a summary:

Three years ago, Ant was fired. About a year and a half later, Gavin joined his network. It appears that Gavin invested in Compound Media. Vice is valued at close to six BILLION dollars and Gavin was one of the founders; when he says that he's loaded, Gavin ain't loyin'.

A week ago, Gavin abruptly quit the show. KtC made it clear on Twitter that Compound Media tried to get Gregg Hughes to invest, but Gregg passed on it.

Put all of that together, and it sounds like things aren't looking so good for Compound Media. The average cost for a 2000' office in New York City is $144,000 per year.

Glenn Beck is the 4th highest rated radio show, on 280 stations, and he struggled to keep 'The Blaze' afloat:

http://www.breitbart.com/big-journalism/2016/04/29/glenn-becks-farewell-address-40-laid-off-troops-pretend-oval-office/

I thought Gavin got out before Vice got big. He's not nearly as rich as he could have been if he waited a few years longer to leave.

I get the vibe that he's blown a lot of money on dumb investments. (He owned a restaurant briefly, his ad agency collapsed over something he wrote, he probably invested in Compound Media.)

At the same time, he's mentioned that he owns an entire apartment building in NYC. The revenue on eight plex is about $250K a year, assuming it's paid off.

Most of the rich dudes in my neck of the woods are these types. They own a couple of apartment buildings in Phoenix, they have a couple of full time employees that keep everything humming, and they cash $20,000 checks every month and play golf all day.

I have no idea how reliable this website is:

https://www.celebritynetworth.com/richest-celebrities/authors/gavin-mcinnes-net-worth/

Says he's worth $5M.

Imagine if Gavin was your landlord.

It'd be easy. Instead of paying rent, you could just fuck him in the ass.

Shut up you private eye.

10k? Doesn't seem like an amount that's worth the hassle of remortgaging unless you're dead broke.

and borrow money against your house and it can get repossessed. Why wouldn't he just do a cash advance on a credit card? Very strange.

yea...what the fuck? If I needed to I could easily throw 10 k on a credit card...why the fuck and how the fuck can he not? I don't get it.

Because he's probably remodeling his house and not buying an ounce of cocaine?

Waaaay better interest rate.

Is it even possible to get a $10K mortgage? I know that 2nd mortgages are just a percentage of the homes value, but even a 10% second mortgage would be easily $100K for his place.

Sounds fishy.

It could be some shitty advice from some accountant trying to save him a few pennies from taxes...the same accountant who would never think about derelicts from reddit digging up this info and the embarrassment it could cause. lol

The costs associated with taking out the second mortgage would outweigh the increased mortgage deduction. Tranpa is having some serious cash flow problems.

First months payment on Arties life insurance policy once new show gets rolling they will be raking in enough dough to afford the next months its all Keith's idea

He would be wise to get some key person insurance, if Artie is insurable.

Definitely weird. I think 2nd mortgages are usually 10% of your home's equity. If that's the case the figure makes a bit more sense but still equals Ant being broke.

It's normally up to 90% of your home's market value.

It was probably an equity line of credit.

One would think he would get a business line of credit before taking out a personal one, unless Compound Media is leveraged to the hilt. Very odd.

Maybe he's taking it out for non business purposes like paying for tranny prostitutes.

It's pretty hard to get traditional business loans in the early days of any company. I've heard of tech startups raking in money who couldn't get a bank loan.

Equity loans are very popular and the easiest way to get loans from a bank. I don't think this is as big of a deal as people are making it out to be.

Compound Media might be doing okay but that doesn't mean banks are going to see an online podcasting business with no liquid assets as something they can safely loan money to.

Could it have been a typo by a government employee who left out a bunch of zeros on the website? I didn't bother to look at the stinks links.

maybe Keith did it behind Ant's back for some pocket money

He did steal the money for nicoleaky and bought a platinum hat

worry aboutcher OWN paaawcchket money

JUST!

AAAAAAUGH, SUE GO SELL SOME GIRL SCOUT COOKIES FOR ME!

U U UHURU we're the poor boys

Name five FDIC Banks or we'll beat you up!

Joe sit down we need to talk about this allowance

Why did you let the libtards get to you, bro?

$10,000 mortgage...? What? I don't understand that at all.

If it's true - and I doubt it's true - it would be a 2nd mortgage.

You're doubting the veracity of SNN's news scoop? Jerk.

I mean, it just doesn't make sense to take $10,000 against your house. It's not a lot of money. Most people would just get a personal loan if they needed some money to bridge a bad spot.

You need income for an unsecured personal loan. Getting loans against an asset is far easier.

For $10k it's probably just an equity loan. There are a ton of ads for those these days. He might not have other assets running his own business.

Fake news

😜

Stinks may be some glassy eyed dope fiend, but he's a straight shooter here. I looked it up myself. Solid reporting.

How would someone look up if someone else got a mortgage? I don't get it. Sales are public record, loans aren't.

Mortgages are recorded in most states at a county clerks office just like deeds are because they affect title to real property. The loan or note itself usually isn't recorded.

of course they are, they have to be public so you can do a proper title search when buying a property to make sure no outstanding loans are still on it.

soon he'll be offering to do 15-person gigs in listeners back yards for $150, but no-one here would have the balls to go more than 1 email deep with THAT!

(jus messing porsy, x )

What about $2 for personalised message

But there's a basic difference between doing spots in your home town and going on the road. That's really bad for road money.

Because it's a major market showcase club. On the road it's many times that.

Except I'd have faith in Ant's Tony Soprano impression.

Interesting news tidbit, Stinks. Keep digging, bud, and you'll find where the hookers are buried.

He removes the breasts and penises and buries them under the dinosaur.

"Of all the things that I have lost

I missed job, guns, dignity, house... the most"

Why is he whispering?

His sugardaddy is sleeping.

MAAAA! I GOTTA DO THIS NOW...

His wife's son is sleeping in the other room.

And ASMR (Autonomous sensory meridian response) too ;)

Why didn't he just use Rocket Mortagage?

Geno never seems to shut the fuck up about it. I'm sure they are very reputable.

I'm a big fan of SNN

this is the gayest shit ever, whoever made this video has pure and strong autism

it's called "being a 35 year old fatbody opium addict"

Leave Artie out of this, he hasn't even started yet.

No, Artie's been on opioids for quite a while.

Anyone who possibly thinks that Ant would be so hard up for something as simple as 10K is seriously retarded. You're stretching guys.

People with a lot more money than him go broke all the time. Why is he immune?

Because 10k is nothing. How long would 10k last him if he was at the point of needing a loan like this to save himself from ruin? If he had taken out a 200k loan, then that would be something to raise an eyebrow over, but 10k? That probably doesn't pay his bills for 1 month.

Stop being reasonable!

Oh, I'm sorry, I meant to say: DURR PROUD BOYS R GAY, OPIE'S TITS, TRANTHONY, BAM MARGERA, RICK VOS IS PERFORMAING LIVE AT BLA BLA BLA

Didn't he just take a vacation to Hawaii for like double that amount?

Maybe he just took $10k of equity out of his house to do improvements on the house? $10k seems like a small amount honestly.

it is, but he should be making that per week.

Compound is finished in 2 months, I'll be back in 2 months pretending I never said this

RemindMe! 2 months

He still owes $1.2M on the house.

Looks like Sue wants to get better implants and asked Trampa for some more money.

Some people are reporting this, technically it's public record so it's not personal information, info here, and it is about one of the celebrities (on some level) this subreddit is about, so it's fine to be on here

I had no idea! I thought only sales records were public.

The idea of a guy of his wealth level borrowing $10K and borrowimg it against his house is kind of dumb to me. Anyway, it is probably a HELOC to update his bathroom or something. Maybe he has to Fix a portion of his roof? Actually, $10K is probably an oil burner/hot water heater.

No one goes through the hassle of a mortgage for fun. If there really is a loan taken out against a house it's because you need the money. There is no other reason. Every broke celebrity went broke because they are carrying a bunch of friends and family on payroll while pursuing side businesses. Sound familiar? Payroll will run you out of money at an extremely fast pace.

As much as a has-been Artie is he is still one that is going to command $10k+ a week at the absolute bare minimum to do a show.

The house is worth like $1.4mil. Why go through all that for $10K? Were I him, I'd look to get the $10K off of some of these comedy dopes like Jimmy and Vos. If hit up 4 or 5 people, he could probably get the $10K. I say this because my net worth is a fraction of bis and I move in poorer circles, but I could probably scrape up $5K in less than a week.

Who the fuck asks their friends to borrow money? I would live under a bridge before putting my friends in that position.

I wouldn't, but $10K is a mere bagatelle to someone who swindled $60K off you fucking jerkoffs.

It's definitely real. Ant is trying to keep up appearances so it looks like the network is doing great - he just bought a $1500 computer monitor https://twitter.com/AnthonyCumiaxyz/status/902950443185254408

Or you're putting equity in the house.

It's not the smartest or most common way to get the capital but with such a low amount against a house that's usually the case.

The dumb gweedo is putting in a new projector or something.

I'm a nobody and I don't need a 10K loan for home improvements. That's not even a vanity for a bathroom in that house.

Heated tile in that kitchen would do it. Taking out a wall if you have to hold up and replace studs.

But the idea behind it is to take a small amount against the house to do an improvement that raises the value higher than the amount of your loan.

An example with hypothetical #'s :

You have a house worth $150,000 that appreciates in value about .5% month over month. You take a 7.5% loan of 10,000 against it's value.

If you do a good job at the improvements and do them in the right parts of the house (kitchen, bathroom, garage or front yard) and you should return about 125% on the value of the material. So let's say you spend 10k and redo the guest bathroom over the period of a month and take the next five months to make an early repayment.

You now have a house with a value of £ ~$163,000, a better bathroom, and no debt to finance.

Or skip the financing altogether, get the same 125% and not pay anything in interest. You are using some kind of strange truck driver math to justify the loan.

That's regular math, bro. Truckers can't read anything longer than an exit sign.

The market gives a better return on average than the rate on a home line of credit. Even "rich" people don't sit around with hundreds of thousands just wasting away in a bank account.

Why take out a loan at all on such a small amount of money?

That's poor people talk.

Always use equity, never use hard capital. If you're sure you can pay it back you use other people's cash for everything.

Oh god, another character. Rich Peckah, Poor Peckah.

Get out of here with this "sense" you're making!

So instead of buying the projector outright, he'll pay it off for 30 years. Makes sense.

No, he'll pay it off when the job is done and the costs are covered but financing (in this hypothetical you've taken too far and stretched to the breaking point like an autist) keeps the payments at near nothing for infinite runway during the project. When you're done you pay the debt and pocket the value.

Are you really this fucking unfamiliar with how development works? Jesus. It's like talking to a trailer park in this sub sometimes.

So he's paying title, lawyer and origination fees to take out 10k for a project that he should easily be able to finance with one hand of blackjack. You sir, are a dolt.

You won't be mocking his financial prowess when you see the new $10,000 fiberglass pterodactyl.

So this is to cover this week's salary for Artie?

Fuck if I know. I wouldn't take such a small second mortgage unless I was broke.

This nigga's credit is still in shambles after getting those jet-skis reposessed 30 years ago

Irresponsible personal watercraft-purchasin' motherfucker.

Dammit, I clicked that link hoping it would tell me where Rich Vos is playing this weekend

In the good old days this was one hand of Black Jack at the Borgata

So, I guess the newest gossip is that I'm SO broke that I had to take out a 10k mortgage (looks of to the side of the camera to keith and shrugs his shoulders while keith chuckles). People actually think that Compound Media is doing so badly that we need TEN THOUSADN DOLLARS (looks directly into the camera, scrunches his face and shrugs his shoulders, then laughs. You Reddit guys are delusional.

• Ant, today on his show

"Do you guys REALLY think...heh-heh-heh...I mean, I keep my pool at 80 degrees until October!"

was that feversham reference ever funny? i feel very embarrassed every time he does that impression

Cool 29-year-old playboy Anthony Cumia is all about mansions, pool parties, fast cars and even faster women. You losers see a guy with perfect skin and a full head of hair and start making shit like this up to feel better about yourselves.

Hahahahaha, it wasn't even $10,000. Looked like $9,781.

Who would've guessed that appointing your buddy as the Business Manager for your Multi-Media Company, that you've invested over $1.5M in - would end up in you taking a 9K mortgage out 3 years later.

Ex-Cops, whose business experience include: picking up dry cleaning, negotiating pricing for landscaping, and doing laundry & chauffeur services for an shock jock....

...these guys are supposed to be the best at creating profitable, successful Multi-Media companies.

Who said he invested 1.5 million in his company?

This is a big scoop for SNN! Good work.

IT'S OFFICIAL HE'S GOING BROKE!!!

There is no way he would take out a 2nd mortgage out for just $10k. His house is worth way more than that. This is probably court cost or fines he had to pay and this SNN ass put it together to look this way. Fake

He took 10k out of his house, whatever he used it for, it doesn't look good

10k for Brother Joe

He's probably just taking out of the home's equity to add a second shitty bar/karaoke area.

He needed Da money!!!!

Lord of people are doing it. It's the new fad.

Stinks is the Edward R Murrow of garbage radio fans.

Even when those people seem to have all the money in the world, they always end up blowing through it and back on the government teat.

Way to break the stereotype, Ant!

It would seem after Gavin left and Opie refused to buy in, Ol' Ant's last resort was to partner with V.M. Varga to sign Artie Lange.

If Anthony is going broke, someone better put Joe on suicide watch.

This is the sort of thing I'd expect to read about by someone who went out and bought a jetski immediately after securing his first credit card, not a financially responsible person like Anthony.

I thought he was pulling in some serious Deep Discount dollars?

From the video ".... it looks like Compound Media is in trouble."

Sure sure. Heard it before, never happens. They just signed Artie (who Opie wanted at SXM) and 6 months ago everyone here would have said that would never happen.

Anthony's "compound" looks like a Mcmansion with pillars, I guess that's his greek heritage or something.

(http://www.nbc.com/saturday-night-live/video/marble-columns/n12141?snl=1)[He's just keepin' it classy, bro.]

He's just keepin' it classy, bro.

His Greek heritage is why he takes it in the ass. The pillars are his affinity for gaudiness.

It's probably to boost his credit rating. He is self employed, that's a minus. If he owns that house and has no current mortgage, another minus. Banks like to own some of your shit, so it's probably a low mantenance way to improve his credit.

A few months ago, around the time he was talking about having a book deal, he posted a pic of him and a couple of clean cut guys in suits. Someone asked him about it, and he said he was refinancing. People took it as a joke, and made infomercial jokes, but I guess it was true.

His money is tied up in investments to get income. He probably doesn't have a lot of liquid cash. My uncle is cash poor but is worth like 15 million he takes out loans all the time.

haha, sure. Ant's subscribers pay him in mutual funds.

I pRoSesSeD aNThERnY's MoOrGaGe.

Can you even get a mortgage for that amount? Seems like a low number for a house that's easily worth a million dollars.

Maybe his old work tools are still on the side of I-95...

Oh, I'm sorry, I meant to say: DURR PROUD BOYS R GAY, OPIE'S TITS, TRANTHONY, BAM MARGERA, RICK VOS IS PERFORMAING LIVE AT BLA BLA BLA

was that feversham reference ever funny? i feel very embarrassed every time he does that impression