Chris Pratt and Katherine Schwarzeneggers house for sale

[Anonymous]

https://www.realtor.com/news/celebrity-real-estate/chris-pratt-and-katherine-schwarzenegger-list-pacific-palisades-ca-home-for-32m/amp/


Listed their house for 32 million. They spent three years renovating it and have only lived in it for 2 years. Why do celebrities do this?

DeuxMoi blind item tentatively claims they’re splitting up.

My guess is they seem more likely to be moving out of LA to some redder area where Chris can run for office.

[Anonymous]

I thought they just had another baby. Is Deux Moi reliable?

[Anonymous]

I could see it going either way. Success rates for second marriages especially on Hollywood aren’t great. Their relationship also seemed like a bit of a rebound for him as well.

But I also think a lot of people would just like for their marriage to fail given how hard they push a smug married image. So maybe it is just a home sale for them to move to somewhere he might have a political future. Besides getting divorced, seems like the thing to do when you marry into her family.

[Anonymous]

Anonymous wrote:I thought they just had another baby. Is Deux Moi reliable?

Not OP. DM is hit or miss.

[Anonymous]

No comment on their marriage, but one reason celebrities do this is that it's profitable for them. They can buy a property, renovate it with a "name" designer, get it featured in AD or another outlet, and then sell it for a large profit. People like this also tend to own multiple homes and travel a lot, so I think they are less attached to specific houses than your average person. Real estate is considered a really sound investment for actors because it offers good return on investment for people at their level of wealth -- rich, but not obscenely so, with inconsistent income.

[Anonymous]

Anonymous wrote:No comment on their marriage, but one reason celebrities do this is that it's profitable for them. They can buy a property, renovate it with a "name" designer, get it featured in AD or another outlet, and then sell it for a large profit. People like this also tend to own multiple homes and travel a lot, so I think they are less attached to specific houses than your average person. Real estate is considered a really sound investment for actors because it offers good return on investment for people at their level of wealth -- rich, but not obscenely so, with inconsistent income.

Should note here that Pratt paid 15.6m for it only 5 years ago, and now they are selling it for double that. Even with the extensive top-down renovation, they will likely net 7-10 million on it, a huge return on investment. You can't get that from the stock market.

[Anonymous]

Anonymous wrote:

Anonymous wrote:No comment on their marriage, but one reason celebrities do this is that it's profitable for them. They can buy a property, renovate it with a "name" designer, get it featured in AD or another outlet, and then sell it for a large profit. People like this also tend to own multiple homes and travel a lot, so I think they are less attached to specific houses than your average person. Real estate is considered a really sound investment for actors because it offers good return on investment for people at their level of wealth -- rich, but not obscenely so, with inconsistent income.

Should note here that Pratt paid 15.6m for it only 5 years ago, and now they are selling it for double that. Even with the extensive top-down renovation, they will likely net 7-10 million on it, a huge return on investment. You can't get that from the stock market.

Totally. But I can’t wrap my head around not getting attached to a beautiful custom home I not only built, but brought my children home to. Why not have a primary residence and buy/sell secondary properties? Are celebrities really so fickle that they want to build a new house every three years like leasing a car?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:No comment on their marriage, but one reason celebrities do this is that it's profitable for them. They can buy a property, renovate it with a "name" designer, get it featured in AD or another outlet, and then sell it for a large profit. People like this also tend to own multiple homes and travel a lot, so I think they are less attached to specific houses than your average person. Real estate is considered a really sound investment for actors because it offers good return on investment for people at their level of wealth -- rich, but not obscenely so, with inconsistent income.

Should note here that Pratt paid 15.6m for it only 5 years ago, and now they are selling it for double that. Even with the extensive top-down renovation, they will likely net 7-10 million on it, a huge return on investment. You can't get that from the stock market.

Totally. But I can’t wrap my head around not getting attached to a beautiful custom home I not only built, but brought my children home too. Why not have a primary residence and buy/sell secondary properties? Are celebrities really so fickle that they want to build a new house every three years like leasing a car?

we don't know if they ever really lived there

[Anonymous]

Anonymous wrote:I thought they just had another baby. Is Deux Moi reliable?

Not really, they just speculate wildly and sometimes happen to be right about something

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:No comment on their marriage, but one reason celebrities do this is that it's profitable for them. They can buy a property, renovate it with a "name" designer, get it featured in AD or another outlet, and then sell it for a large profit. People like this also tend to own multiple homes and travel a lot, so I think they are less attached to specific houses than your average person. Real estate is considered a really sound investment for actors because it offers good return on investment for people at their level of wealth -- rich, but not obscenely so, with inconsistent income.

Should note here that Pratt paid 15.6m for it only 5 years ago, and now they are selling it for double that. Even with the extensive top-down renovation, they will likely net 7-10 million on it, a huge return on investment. You can't get that from the stock market.

Totally. But I can’t wrap my head around not getting attached to a beautiful custom home I not only built, but brought my children home to. Why not have a primary residence and buy/sell secondary properties? Are celebrities really so fickle that they want to build a new house every three years like leasing a car?

When you care about money the most you don’t get attached.

[Anonymous]

I don't believe they are getting divorced. Their religion would prefer them to be miserable together.

I also find this unethical, lying about when it was built. Probably illegal:
Pratt purchased the hillside home, originally built in 1995, in June of 2018 for $15,601,500. The couple rebuilt it from the ground up, remodeling it so extensively that the listing states it was built in 2021.

[Anonymous]

Anonymous wrote:

Anonymous wrote:No comment on their marriage, but one reason celebrities do this is that it's profitable for them. They can buy a property, renovate it with a "name" designer, get it featured in AD or another outlet, and then sell it for a large profit. People like this also tend to own multiple homes and travel a lot, so I think they are less attached to specific houses than your average person. Real estate is considered a really sound investment for actors because it offers good return on investment for people at their level of wealth -- rich, but not obscenely so, with inconsistent income.

Should note here that Pratt paid 15.6m for it only 5 years ago, and now they are selling it for double that. Even with the extensive top-down renovation, they will likely net 7-10 million on it, a huge return on investment. You can't get that from the stock market.

This. Celebraties need to continually make money not only because their lifestyle is expensive but they also don't have regular biweekly paychecks. So if you can make 7-10 million not being on a set and away from our family that is a huge win.

[Anonymous]

*your family.

[Anonymous]

Lol all those Home Edit bins in the garage for nothing

[Anonymous]

Anonymous wrote:https://www.realtor.com/news/celebrity-real-estate/chris-pratt-and-katherine-schwarzenegger-list-pacific-palisades-ca-home-for-32m/amp/

Listed their house for 32 million. They spent three years renovating it and have only lived in it for 2 years. Why do celebrities do this?

DeuxMoi blind item tentatively claims they’re splitting up.

My guess is they seem more likely to be moving out of LA to some redder area where Chris can run for office.

Because the spouse is idle and bored and lonely...and also, the breadwinner also has a lot of down time. Building/remodeling is a hobby to fill the day. Once it's over they get bored and move on to a new project to fill their boredom.