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Meg Asks WME CEO for a Mansion in LA, While Harry Seeks a Country Home
Meghan Markle has reportedly requested that WME CEO Ari Emanuel purchase a lavish mansion for her in Los Angeles, as it is known to be a hub for celebrities and Hollywood events.
On the other hand, Prince Harry is said to be pleading with his father to provide him with a country home where he can raise his children in security and lead a quiet life, while also engaging in charity work and business ventures.
This divergence in their desires highlights an apparent disagreement between the couple on their future living arrangements.
However, recent reports suggest that the Duke and Duchess of Sussex may be living beyond their means.
A Hollywood financial analyst, whose insights were shared by a source on Twitter named Barkjack, conducted a case study on Harry and Meghan.
The analyst predicts that their Montecito house may soon be put back on the market due to financial concerns.
If this happens, it is speculated that the couple will use the need for increased privacy as a justification for the sale.
Interestingly, it has been revealed that the Montecito house was on the market for a considerable four years before the Harkles purchased it.
This fact raises questions about their decision-making and negotiation skills when it comes to real estate.
Experts argue that selling the property at a profit will be challenging since they lack equity in the house.
It is suggested that they might consider leasing a nice place in Malibu or coastal Orange County for around $10,000 per month, which would allow them to live a more ordinary life without the burden of excessive security measures.
The luxury housing market in California faces an additional challenge in the form of a 5.5% mansion tax, making it difficult for expensive homes to sell quickly, if at all.
Given the high interest rates and taxes, it is anticipated that the Montecito house will remain on the market for an extended period.
Furthermore, the Harkles purchased the property with a substantial mortgage at a price well above its true market value.
With the recent implementation of a California luxury property tax, it is likely that they will have to sell the house at a significantly lower price than what they paid, resulting in a loss of equity.
As a consequence of their financial situation, it is speculated that the couple will have to downsize and settle for a smaller, less extravagant residence in a less prestigious area.
This perceived decline in their living standards marks the beginning of the fall of the House of Sussex.
The implications of their choices are becoming increasingly apparent, and it is believed that Harry's exile from the royal family will eventually lead to repercussions.
These claims were echoed by royal commentator Maureen Callaghan in her article for the Daily Mail.
She criticized Prince Harry for his behavior during the coronation, highlighting his rejection of any invitation to return to Buckingham Palace after the festivities.
Instead, he promptly boarded a plane and returned home.
Callaghan argues that Harry is now facing the consequences of his actions, which seem to be foreign and distressing to him.
Similar accusations have been made by numerous observers, critics, columnists, reviewers, and onlookers who have warned about the potential negative outcomes of Harry's self-imposed exile.