Good Kid, Smart Money: Kendrick Lamar Buys Reasonable $523,500 California Home

Compton rapper spends his money wisely with latest purchase

“So if you get your first big check and you cop your chain before you buy a house, you’re a vanity slave,” are the words Kendrick Lamar rapped on his “Vanity Slaves” track, teaching his listeners a lesson on the value of smart spending and home investment.

The Compton native lives by the words he preaches, as he has just made a smart purchase and copped a reasonable $523,500 four-bedroom home in California. Located just an hour outside of Los Angeles in a small city called Eastvale, K. Dot’s latest purchase is proof that the the 26-year-old rapper knows the value of a dollar and that he’s not affected by the pressures of the industry to make flashy, over-the-top and materialistic purchases.

Lamar’s latest buy may have shocked some who are surprised that the rapper didn’t follow suit with elaborate home purchases by some of his rapper peers like Rick Ross who dropped $5.8 million on Evander Holyfield’s 109-room mansion in Georgia, or Drake who spent $9 million on a lavish home in Hollywood, or Dr. Dre who just dished out $40 million for his latest California estate. The purchase as a clear message that both Lamar and his accountant know exactly what they’re doing with his finances.

Last year, Forbes named the Good Kid, M.A.A.d City” rapper as Compton’s next cash king, with Lamar having an estimated net worth of $9 million, proving that if he wanted to go with a bit more of a lavish purchase he could have.

It’s good to see Lamar making smart financial decisions in an era where living beyond your means seems to be the norm. Hopefully, the young rapper’s latest purchase inspires young kids to think about the importance of long-term smart financial investments.

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  • Pootytang

    I wish more artist thought like this.

  • Jessica2248

    He’ll have his fortune a long time if he continues this way. Outstanding young man!

  • justmy2pennies2012

    Great move. Buy something modest and I hope he paid it off. Many people fall into the “trap” of buying an expensive house and financing it for the “tax deduction”. A house is first and foremost a place to live. There are annual/normal maintenance expenses of 3-8% or more per year people often neglect to think about.

    Great move to buy a home before splurging on cars and “bling”.

  • Doveld

    The author lacks perspective. Dre becomes a billionaire and drops $40 million on his house, that’s 4% of his net worth, Kendrick is worth $9 million and drops $523,500 on his house, that’s 5.8% of his net worth. Who’s decision is more financial savvy, 5.8% or 4%?

    • Kim

      Kendrick’s. He could probably pay cash for it and there is probably more resale market for a $500K home than a $40M one. Fewer maintenance expenses, taxes. I don’t know, I’m not in California, nor in real estate. But that wasn’t the point of the article alone. It was contrasting his relative financial simplicity with the extravagance of the other folks.

    • Kim

      Kendrick’s. He could probably pay cash for it and there is probably more resale market for a $500K home than a $40M one. Fewer maintenance expenses, taxes. I don’t know, I’m not in California, nor in real estate. But that wasn’t the point of the article alone. It was contrasting his relative financial simplicity with the extravagance of the other folks.

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