Anyone following this Candice Miller/Mama & Tata nightmare?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: I can't remember where i read it, but when this store broke,there was a someone who was quoted as saying that, relationships in these circles are very transactional.And it really hit on what i've long observed about the dynamics of relationships amongst this type of crowd.

Poverty is humiliating,isolating and detrimental to one's overall health.But,as a poor person, if you're lucky enough to have someone who cares for you then you know it's as authentic,genuine and sincere as it gets. The fact that this Brandon Miller guy didn't or thought he couldn't talk about the true state of their finances with his so-called wife is just so.....damning and revelatory of the kind of superficial relationships these people entertain.

I don’t think that’s it at all. When you’re in finance in ny, there are wild swings all the time. Look at some of the most successful real estate funds, and most have had moments when they’ve been underwater. Many of the successful managers are former athletes, across the board they’re either very cocky or on the spectrum. They always think there’s the next big thing and they usually have to double down to get there. I’ve seen some wild rides. Obviously they don’t usually end like this, but if every manager gave up when he was down, a lot of funds would fold. This one is more complicated w/ being the second generation, but look how he went after a bigger project when he was in debt. That’s what they do. It just generally doesn’t carry over into extremes in personal spending.
Nothing about their lifestyle was equal to the size of their fund, even if it had been successful. She was spending as if he were a manager at tiger or citadel, not some run of the mill 2nd tier RE fund.

Couple of things

-why didn't or couldn't he tell the wife their lifestyle wasn't sustainable in the short,medium or long term?

- The description of the NY real estate industry doesn't apply to him—he was never even a medium player, not even close.He was at the very bottom of the pole as far as NY real estate is concerned.

- Nothing has described this guy as being in finance. It's been said over and over again that he was in real estate .

He was at his dad’s real estate investment firm. His dad died at an inopportune time where the dad’s business had a lot of debt. Brandon was expecting to inherit 200 million I read, and the dad was in debt and essentially he got nothing. Then COVID happened and killed NYC real estate, especially commercial. They were spending like they were getting a 200mill inheritance and for whatever reason they couldn’t adjust lifestyle once it did not come to fruition. Whatever low 8 figure wealth they had sustained that lifestyle for like 6 years, but it ran out this year and he started swindling his peers, it spiraled over the course of like 6-10 months and ended in his suicide.

Lol. Expecting to inherit money that never existed ? From who? A man who forged his own son's signature? He funded his lifestyle with borrowed money, most notably the $36M a private equity firm lent him.

[Anonymous]

Hamptons house is on the market: https://www.trulia.com/home/address-not-disclosed-water-mill-ny-11976-32733141

[Anonymous]

Anonymous wrote:Hamptons house is on the market: https://www.trulia.com/home/address-not-disclosed-water-mill-ny-11976-32733141

Inevitable. I was surprised when the NYT mentioned that he wrote about having two life insurance policies totaling $15M. I was under the impression that committing suicide nullified life insurance policies.

Their lifestyle was so lavish and completely unnecessary. It is a shame he couldn't be forthright about finances with his wife and instead let her spend on lavish vacations, designer clothes, $800 weekly facials, thousands of dollars worth of exercise classes (go for a run!), $72K+ yearly on rental furniture (after $180K the first year), millions of dollars of docking fees for a million dollar boat, a nearly $50K/month rental on the UES, luxury cars...They could have probably lived a fairly comfortable, normal middle class existence somewhere in New Jersey and been totally fine.

[Anonymous]

Is the Hamptons house where he killed himself?

[Anonymous]

Anonymous wrote:Is the Hamptons house where he killed himself?

Yes

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is a sad situation but I think mostly we’re all interested because her social media persona seems like such an easy target. It makes us feel good about ourselves because it’s so vile.

I think that's always fascinating, yes! I didn't follow her but I've followed people who seemed "too good to be true", and then you feel validated when it turns out their life is a charade.

This one was more “too bad to be good,” I think? Maybe that’s what she was going for.

The weird part is she probably didn’t turn much of a profit if any. That’s the craziest part for me is when someone is exposes themselves and their family so much and doesn’t even get paid well for it. Privacy is worth a lot.

But to certain people it's not. When you work in television you see this all the time. Someone is a good businessperson and at the pinnacle of their career and suddenly they want to star in a TV show and be a celebrity. Candice wasn't a former model or actress and she didn't have a notable name or pedigree. Her blog and instagram detailing her noteworthy lifestyle gave her cache and got her noticed and talked about which is clearly what she craved. I assume she is a social climber since I imagine if she had family money she would have used it to stabilize her family's finances. She clearly didn't know how to monetize her lifestyle and brand but that says more about her business savvy.

[Anonymous]

No water front, no view, $15m. No thanks.

[Anonymous]

Looking at that house I don’t feel bad for them, you dig your hole.

[Anonymous]

Has she stopped being an influencer? Where is she living now? Is she in the hook for the $50 million debt?

[Anonymous]

It's so sad. Perfectly healthy couple who lived way above their means.

Much less stress when you keep your life simple

[Anonymous]

Anonymous wrote:He's a coward of the worse kind. Suicide doesn't hurt the person dead it punishes the living. His young daughters will spend the rest of their lives mentally wounded. His wife will spend years trying to did out of this mess and will have to witness the mental anguish of her children. Life will be dark and unhappy for quite some time. As a man he should have owned up to his mistakes. Taken whatever punishment was coming his way and.......started over. That's the beauty of living in this country- you can reinvent yourself as many times as you want. He destroyed his entire family and his death solved nothing. He's a coward.

His death will actually help his daughters. He would have ruined their life. He was a bad person. Now they have a chance to become decent human beings without his toxicity.
He did what was needed. He is not coward.

[Anonymous]

Flew too close to the sun

[Anonymous]

Yves Klein sold people empty space in exchange for gold bars. They got a receipt, and he threw half of the gold into the river. The receipts have been resold for >$1m.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am the PP who knows people in their circle. I honestly find this situation so incredibly sad and disturbing. It's hard to stifle the schadenfreude- I am repulsed by people who brag and post like she did- but at the same time, I do believe that she was kept in the dark about the degree of financial trouble they were in. Not only does she have to manage her family's grief, but to be dragged through the mud and now sued? Ooof. That is not to say that she should not be accountable - she should. And her behavior and need to impress surely drove much of this. But man, this is a really sad situation.

She seems to be getting what she deserved. Spending and flaunting their “wealth” like she did - it’s disgusting.

True, but their kids don’t deserve it. They didn’t need or want all the opulence. They needed their dad, though. Poor girls.

I feel for the poor kids. But they will be better off without their dad. He was a scammer. Now they have a shot at living an honest and normal life.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: I can't remember where i read it, but when this store broke,there was a someone who was quoted as saying that, relationships in these circles are very transactional.And it really hit on what i've long observed about the dynamics of relationships amongst this type of crowd.

Poverty is humiliating,isolating and detrimental to one's overall health.But,as a poor person, if you're lucky enough to have someone who cares for you then you know it's as authentic,genuine and sincere as it gets. The fact that this Brandon Miller guy didn't or thought he couldn't talk about the true state of their finances with his so-called wife is just so.....damning and revelatory of the kind of superficial relationships these people entertain.

I don’t think that’s it at all. When you’re in finance in ny, there are wild swings all the time. Look at some of the most successful real estate funds, and most have had moments when they’ve been underwater. Many of the successful managers are former athletes, across the board they’re either very cocky or on the spectrum. They always think there’s the next big thing and they usually have to double down to get there. I’ve seen some wild rides. Obviously they don’t usually end like this, but if every manager gave up when he was down, a lot of funds would fold. This one is more complicated w/ being the second generation, but look how he went after a bigger project when he was in debt. That’s what they do. It just generally doesn’t carry over into extremes in personal spending.
Nothing about their lifestyle was equal to the size of their fund, even if it had been successful. She was spending as if he were a manager at tiger or citadel, not some run of the mill 2nd tier RE fund.

Couple of things

-why didn't or couldn't he tell the wife their lifestyle wasn't sustainable in the short,medium or long term?

- The description of the NY real estate industry doesn't apply to him—he was never even a medium player, not even close.He was at the very bottom of the pole as far as NY real estate is concerned.

- Nothing has described this guy as being in finance. It's been said over and over again that he was in real estate .

Well he was in RE finance in that he was playing the game of trying to buy and sell things w/o actually developing. Look at what he developed and it was minuscule. Look at what was developed post his dads death, and the fund did practically nothing tangible but did do a few plays on property so that’s why I’d consider it finance not pure development.