According to Byron Crawford of XXL Magazine, the producer has fallen on hard times:
Damon Dash used to have damn near as much money as Jay-Z, and now he can’t even afford the note on his Chevy Tahoe. In fact, why does he even have a Chevy Tahoe? Isn’t there some sort of luxury version of a Tahoe, targeted towards black people? Is that what the Yukon is? I know he’s got that art studio down in Tribeca, where he puts on indie rock shows and kicks it with some especially tall and skinny white woman, which is what I’d do with my house, if I had the means, but I read in an article where he’s got some sort of arrangement where he doesn’t have to pay rent. In exchange, the guy who owns the building probably now owns Mos Def’s publishing or some shit. Expect that all to come tumbling down by the end of the year. And Damon Dash is hardly the only black celebrity who couldn’t hold on to his money. Quick, name one black person with that kind of money who didn’t somehow manage to fuck it all up. See, you can’t do it. Jay-Z is damn near the only one. And I don’t think it’s because he’s just that smart. This is the same guy who shot his brother for smoking his ring and stabbed Un Rivera for bootlegging Vol. 3. Who knows what else he’s done. Someone must be protecting him.