Rapper Chamillionaire is no stranger to doing business deals. But in a TMZ interview (via NPR), the rapper acknowledges to strategically defaulting on a Houston property that he owns.

TMZ:

I have multiple mortgages. This house actually was my most expensive mortgage. … When the market went down, the house went down too and it was just worth nothing. … I just decided to let it go, give it back to the bank. It wasn’t a situation where they came and took it from me . I felt like i didn’t want to pay that much money a month for a house I’m never at. … I just didn’t feel like it was a good investment. …

NPR basically observes that he’s a celebrity strategic defaulter. Who knows how many more homeowners will be inspired by his sticking it to the bank.