The News
Meghan Markle Seeks Help from WME CEO for LA Mansion, While Prince Harry Eyes Country Estate
In a bid to secure a lavish mansion in Los Angeles, Meghan Markle reportedly reached out to WME CEO Ari Emanuel, aiming to settle down in a neighborhood popular among celebrities.
On the contrary, Prince Harry has made a plea to his father, Prince Charles, for a country estate where he can ensure his family's safety and relish a more peaceful life.
However, there are growing concerns raised by a financial analyst in Hollywood, suggesting that the royal couple might be stretching their budget beyond limits.
According to insider information shared by a Barjack source on Twitter, rumors are circulating that the Montecito home currently owned by Harry and Meghan could soon hit the market again.
Renowned Hollywood financial analysts, who conducted a thorough case study on the couple's financial situation, have predicted this development.
If the property goes up for sale, discussions are expected to revolve around the duo's quest for heightened privacy.
Another source disclosed that before Harry and Meghan's purchase, the property had been listed for sale for approximately four years, which should have served as a cautionary signal.
It seems the real estate agent seized a sales opportunity upon noticing the couple's interest in the house.
Despite this, doubts linger over their abilities to navigate such a significant transaction due to their lack of experience and negotiation skills.
Critics argue that without any equity in the property, it is unlikely that Harry and Meghan will be able to sell the house at a profit.
To lead a more modest lifestyle, they might contemplate renting a less extravagant residence in areas like Malibu or coastal Orange County for a monthly fee of around $10,000, thereby cutting down on security expenses.
Notably, California imposes a 5.5% mansion tax on high-end homes in their price range, coupled with hefty property taxes and sluggish property sales.
Upon acquiring the property initially, the couple secured a substantial mortgage and paid a price significantly above its true market value.
The introduction of a luxury property tax in California further adds to their financial woes, potentially forcing them to sell the house at a loss without accruing any tangible equity.
Consequently, they may have to opt for a more modest rental in a less affluent neighborhood.
While Meghan dreams of a glamorous Hollywood lifestyle, Harry leans towards creating a serene and secure environment for his family in the countryside.
Worries loom over the long-term implications of Prince Harry's self-imposed exile, with royal commentator Moran Callaghan criticizing his actions during the coronation.
Callaghan, along with other analysts, questions Harry's decision to depart immediately after the festivities rather than returning to Buckingham Palace, hinting at potential consequences for his actions.