When I bought my current house, my realtor told me a story about how he was the seller's agent on a deal where a Chiefs player was trying to buy a nice house in JOCO.
The guy had trouble getting financed for the house because his financials were such a mess. He finally got it worked out, and they had a deal on paper.
Dude celebrated by going to Aristocrat and buying himself a new expensive-ass Mercedes, financed by somebody else.
His mortgage co. pulled the plug on the house because he added debt with the car. No house. He kept living in an apartment with a $100k car that he was afraid to leave parked there.