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Meghan Markle Seeks Assistance from WME CEO Ari Emanuel for Los Angeles Mansion
Meghan Markle has reportedly enlisted the help of WME CEO Ari Emanuel in her search for a luxurious mansion in Los Angeles, preferably in a neighborhood frequented by celebrities.
On the other hand, Prince Harry has approached his father, Prince Charles, with a request for a country estate where he can ensure his family's safety and enjoy a more peaceful lifestyle.
However, there are concerns that the couple might be stretching their finances too thin.
A financial analyst in Hollywood has raised doubts about Harry and Meghan's ability to afford their extravagant lifestyle.
In fact, a source on Twitter named Barjack claims that their current Montecito home may soon be put back on the market.
According to a well-known Hollywood financial analyst who conducted a case study on the couple's situation, this rumor has gained traction.
If the house is indeed relisted, it is expected that the discussion surrounding it will focus on the couple's desire for enhanced privacy.
Another source revealed that the property had been on the market for approximately four years before Harry and Meghan purchased it, which should have served as a warning sign.
It seems that the real estate agent saw an opportunity for a sale when they noticed the couple's interest in the property.
Critics argue that Harry and Meghan lack the necessary expertise and negotiation skills to handle a transaction of this magnitude.
Since they currently have no equity in the property, it is unlikely that they will be able to sell the house at a profit.
As an alternative, they may consider renting a more modest dwelling in areas like Malibu or coastal Orange County, reducing their monthly expenses to around $10,000 while also cutting down on security costs.
However, high-end residences in California, including the one they currently own, are subject to a mansion tax of 5.5%.
Additionally, these properties are experiencing slow sales, indicating that their house may remain on the market for an extended period.
When they initially purchased the property, the couple took out a substantial mortgage and paid a price significantly higher than the house's actual market value.
Moreover, the implementation of a luxury property tax in California means they might be forced to sell the residence at a loss, without gaining any tangible equity.
This could potentially lead them to rent a less extravagant home in a less affluent neighborhood.
While Meghan aspires to an opulent Hollywood lifestyle, Harry desires a more serene and stable environment for his family in the countryside.
There are concerns that Harry's self-imposed exile could have long-term consequences.
Royal commentator Moran Callaghan has criticized Harry's behavior during the coronation, particularly his decision to fly home immediately after the festivities instead of returning to Buckingham Palace.
Callaghan suggests that Harry may be held accountable for his actions and appears out of place.
Other analysts have echoed this sentiment, warning about the potential repercussions of his exile.