Meghan Markle has reportedly asked WME CEO Ari Emanuel to buy her a luxurious mansion in Los Angeles, as she desires to be surrounded by celebrities and attend glamorous Hollywood events.
On the other hand, Prince Harry is said to be pleading with his father for a country home where he can raise his children in a secure environment and lead a quiet life, while also engaging in charitable work and business ventures.
However, according to a Hollywood financial analyst, the couple may be living beyond their means.
A source on Twitter, known as Barkjack, has revealed that the Montecito house owned by Harry and Meghan might soon be put back on the market.
This speculation is based on the findings of a major Hollywood financial analyst who conducted a case study on the couple.
If the house does go up for sale, it is expected that the reason given will be the couple’s need for more privacy.
Interestingly, it has been disclosed that the Montecito house was on the market for four years before the Duke and Duchess of Sussex purchased it.
This fact should have served as a warning sign for them.
The realtor who witnessed Meghan and Harry’s interest in the property immediately recognized an opportunity for a sale.
It appears that the couple lacks experience in negotiating such high-value properties, making it unlikely for them to sell the house at a profit.
With no equity in the property, they may need to consider leasing a nice place in Malibu or coastal Orange County for around $10,000 per month in order to simplify their lives and eliminate the need for excessive security measures.
In California, high-end homes like theirs face a mansion tax of 5.5%, making it challenging for expensive properties to sell quickly, if at all.
Consequently, it is anticipated that the Montecito house will remain on the market for an extended period.
Furthermore, the couple purchased the house with a substantial mortgage, paying a price significantly higher than its true market value.
To add to their financial burden, there is now a luxury property tax in California that buyers must factor into the purchase price.
As a result, they may end up selling the property at a price much lower than what they paid, leaving them with no real equity or profit from the sale.
The reality is that Harry and Meghan will likely have to downsize to a smaller rental property in a less affluent area.
This marks the beginning of the decline of the House of Sussex, as they face the consequences of their choices and financial missteps.
While Meghan aspires to a luxurious life in Hollywood, Harry seeks security and a quiet existence for his family away from the spotlight.
It appears that Prince Harry’s self-imposed exile may have long-lasting repercussions, as warned by royal commentator Maureen Callaghan in her piece for the Daily Mail.
Callaghan criticizes Prince Harry for his behavior during the coronation, highlighting his refusal to return to Buckingham Palace after the festivities and his immediate departure on a plane.
She suggests that Harry’s current experiences, which seem unfamiliar and traumatic to him, are the consequences he now faces as a result of his decisions.