In a surprising turn of events, it has been exposed that Meghan Markle used a significant portion of her book deal revenue to purchase a lavish house in Malibu.

The revelation comes as Prince Harry and Meghan consider selling their luxury mansion in Montecito and relocating to Los Angeles, closer to their A-list friends in Hollywood.

According to TMZ, the Duke and Duchess of Sussex have expressed interest in moving to the bustling city, although they have yet to visit or explore any potential properties.

As their search for a new home continues, sources have indicated that the couple is considering several neighboring areas.

However, a source close to a friend of the couple has revealed to Blind Item that the Montecito house does not actually belong to Meghan and Harry, making it impossible for them to sell.

Despite purchasing the property at a discounted price, the couple faces financial constraints, including a mortgage of over $9 million.

This suggests that they may not have any equity in the house.

The couple’s alleged financial naivety and desire to maintain a certain lifestyle could potentially leave them in a precarious situation.

If they were to refinance or cash out, they could find themselves in deep water due to the property’s plumbing issues, constant odor from a nearby bird sanctuary, and the lingering effects of a mudslide that took more than two years to resolve.

Interestingly, Meghan’s book deal with Ed Scobie for his upcoming book, “Endgame,” appears to be a key source of funding for their new venture.

Sources claim that Meghan is entitled to 68% of the book’s revenue, including profits from her contribution to the plot and script, while Scobie retains the remaining 32%.

It seems that Meghan may be attributing their Netflix deal and the need to secure funds for their American homes to King Charles.

She believes that the King has cut off their privileges, forcing them to tarnish the royal family’s reputation.

However, some speculate that the couple may have overextended themselves by signing multi-million dollar contracts without fully considering the implications.

As a result, Meghan and Harry find themselves in a precarious financial situation, with money flowing out but little coming in.

They may have to wait years before seeing any substantial returns from their projects, as Netflix has already paid royalties for the book.

Meanwhile, the couple faces ongoing mortgage costs and other expenses, depleting their bank accounts.

The decision to sell their Montecito mansion and potentially downgrade to a cheaper property in Los Angeles raises questions about their financial stability.

It remains to be seen whether this move will prove to be a wise investment or a hasty decision.

Only time will tell.

What are your thoughts on Meghan and Harry’s financial predicament?

Would you consider purchasing their current mansion?

Share your opinions in the comments below.