First Damon Dash, then Fantasia, and now T-Boz!

Tionne “T-Boz” Watkins is the latest celebrity to lose her home to the government. The former TLC member is said to be losing her 5-bedroom, 10,000 square feet Georgia home after failing to make her monthly mortgage payments. The state plans on putting the $530,000 home on the auction block come January 2009.

Even celebrities tend to live outside of their means, which is way past dumb. When you stop selling albums, or making movies, or doing whatever it is that you do, it’s time to downgrade to something a little more reasonable. If you own 5 cars, sell 3 of them and keep two. If you have a $600,000 house … downgrade to a $200,000 house. It’s not that hard of a concept…