Reply to Chris Pratt and Katherine Schwarzeneggers house for sale

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=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.[/quote]

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.[/quote]

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?[/quote]

I get what you mean, I’ve wondered the exact same thing. Normal people would keep the house forever![/quote]

Have you ever renovated a house top to bottom, or built a custom home from scratch? My parents have done it multiple times and each time they are satisfied for a bit and then they want another project. My mom always talks about how when she's making choices on one house, there are things she has to say no to, and then they haunt her later. Like she'll design the kitchen and it will be great, but she'll still have this inspiration photo of a totally different style of kitchen tucked away somewhere, and she'll dream about designing a kitchen around that idea, too.

Basically it becomes a hobby and the joy is in the design and execution, less than living in it. Not for everyone, but I think for a lot of people who get into home design and renovation, this is the case.[/quote]

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