Reply to Chris Pratt and Katherine Schwarzeneggers house for sale

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[quote=Anonymous][quote=Anonymous][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]
I would like to know more about your parents and their lifestyle in a completely aspirational way. We are nearing the end of an 18 month long renovation and despite some mistakes and grumbling from the kids, DH and I are basically like “We all must love everything about it until we move or die. The End.”[/quote]

Ha! PP here and your way is healthier, I think. I've watched my mom give house tours to friends and family of both newly renovated homes and new builds that seriously looked straight out of a magazine, while saying stuff like "I know it looks weird to have the island situated this way, it's not how I'd do it again if I had the choice, but you have to make so many compromises with this stuff." And I can tell people are rolling their eyes on the inside because these are not janky, half-assed renovations -- their houses always look gorgeous. She's just unbelievably picky and never satisfied.

They are in the process of house hunting again and claim they aren't going to renovate this one (they are in their mid- to late 70s) and want something that already suits their needs. But then I listen to them nitpick everything about every house they look at, and I'm quite certain they will be remodeling whatever they buy within 6 months.[/quote]

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