With the help of WME CEO Ari Emanuel, Meghan Markle is purchasing a mansion in Los Angeles, presumably in an area frequented by celebrities. In contrast, Prince Harry has appealed to his father, Prince Charles, for a country estate where he can keep his family safe and enjoy a quieter existence. A Hollywood financial analyst is concerned that Harry and Meghan are spending too much, and reports from a Twitter source suggest their current home could soon be back on the market.
According to projections from a famous Hollywood financial analyst who conducted a case study on Harry and Meghan’s situation, if the house is indeed relisted, discussions are likely to revolve around the couple’s desire for more privacy . Another source pointed out that the property had been up for sale for around four years before Harry and Meghan purchased it, which should have been a warning sign. It appears the real estate agent saw a potential sales opportunity when he noticed Harry and Meghan’s interest in the property.
However, critics say the two lack the expertise and negotiation skills needed for a transaction of this magnitude, especially since they currently have no equity in the property. It is unlikely that they will be able to sell the house at a profit. Alternatively, to live a more conventional lifestyle, they can consider renting more modest accommodation in areas like Malibu or Coastal Orange County for an estimated monthly payment of $10,000, while reducing their security expenses.
In California, a 5.5% property tax is imposed on high-end residences in their price range, in addition to substantial property taxes and high interest rates. Sales of these properties are progressing slowly, indicating that their homes may remain listed for sale for an extended period of time. When they initially bought it, the couple took out a large mortgage and paid a price significantly higher than the true market value of the house. Additionally, buyers must now take into account the luxury property tax implemented in California, which could potentially lead to the residence being sold at a loss without any tangible gain in value. This could force them to rent a less luxurious residence in a less affluent area.
While Meghan aspires to an opulent lifestyle in Hollywood, Harry prefers to establish a quieter, more stable home for his family in the countryside. Concerns have been raised about the long-term consequences of Prince Harry’s self-imposed exile. Royal commentator Moren Callahan criticized Harry’s actions during the coronation, particularly his decision to return home immediately after the festivities instead of returning to Buckingham Palace. Callahan suggests that Harry may be out of place and could be held responsible for his actions, a sentiment echoed by other analysts who have warned of the potential repercussions of his exile.