Adele Has Until 2052 To Pay Her L.A. Mansion Mortgage

[LeavinExhaleByYearEnd]

Earlier this year Adele bought a new home in Beverly Park in the Los Angeles area from Sylvester Stallone for $58 million and with that comes a huge $37.7 million in mortgage, according to documents obtained by DailyMail. Her monthly bill is about $227K for the next 30 years. The UK born singer net worth is estimated at $183 million.

Soon, Adele will be headlining her long awaited and highly anticipated Las Vegas residency and she will be earning $1 million per night so $227K a month is just another everyday bill, right?

Adele confirmed in May that her beau Rich Paul moved in with her after one year of dating.

So my lovely Exhalers, any thoughts? No wonder Adele left the UK with their big inflation and Brexit mess, after all America is the land of opportunities. 

You can see photos from her mansion here: DailyMail

[RadicalOptimism]

Dummy is paying about half her net worth in the long run.  Sick that people with so much money keep amassing wealth by making mortgage payments rather than just selling the assets they have and paying for it upfront. Embarrassing 

[IsraeliMatt]

She did say part of the reason she spends so much time in the US is that she couldn't afford something comparable to her California property in London. LA is so different than London. It's very spread out and it's common for houses to have back yards, space for a garden, pools, etc. Even houses that aren't owned by ultra-wealthy people. 

[DanjaMouse]

[BritneysBxch4L]

Seems like she’s got a hole lot of time to party 

[Kiss my]

What a bizarre title. A 30 year mortgage is standard. 
 

[LeavinExhaleByYearEnd]

4 hours ago, Heyah said:

A 30 year mortgage is standard. 
 

For middle class. When we see a celebrity or rich person paying mortgage it feels strange 

[LeavinExhaleByYearEnd]

7 hours ago, mattdw said:

She did say part of the reason she spends so much time in the US is that she couldn't afford something comparable to her California property in London. LA is so different than London. It's very spread out and it's common for houses to have back yards, space for a garden, pools, etc. Even houses that aren't owned by ultra-wealthy people. 

London is very expensive.

[FullyDattAndDatt3full]

8 hours ago, CrazyButItFeelsAllright said:

Dummy is paying about half her net worth in the long run.  Sick that people with so much money keep amassing wealth by making mortgage payments rather than just selling the assets they have and paying for it upfront. Embarrassing 

you have a way with words :D

[Cucumbers]

The outside of that house is so her.  It's very British.  I'm so happy for her.  If she ever flops she can just sell it.  And she most likely got it for cheap because everybody is fleeing California in record numbers because of the crime, homeless camps, rampant **** addiction, illegal cartels, high taxes, child grooming in schools, wild fires, and record reports of public defecation on the streets.  So hopefully she has a lot of space around her and it's in a gated community. 

[LeavinExhaleByYearEnd]

2 minutes ago, Cucumbers said:

is fleeing California in record numbers because of the crime, homeless camps, rampant **** addiction, illegal cartels, high taxes, child grooming in schools, wild fires, and record reports of public defecation on the streets

you people just love to hate on California, go live in a Trump, DeSantis, Cruz state then. 

[Cucumbers]

7 minutes ago, DougfromBrazilIsBack said:

you people just love to hate on California, go live in a Trump, DeSantis, Cruz state then. 

Many Californians have.  You couldn't get a uhaul out of the place because they were all booked like 2 years in advance.  It's a literal phenomenon.  California has been destroyed and now all the people who voted for policies that destroyed them, are moving to other states to vote for politicians that will destroy them.  They never learn.

 

https://thepostmillennial.com/californians-fleeing-for-texas-florida-u-haul

[cubasterd]

43 minutes ago, DougfromBrazilIsBack said:

For middle class. When we see a celebrity or rich person paying mortgage it feels strange 

No, it is standard for celebrities to pay mortgages too.

[Ofcoursenot]

Why is this even "news"?

[Kiss my]

1 hour ago, DougfromBrazilIsBack said:

For middle class. When we see a celebrity or rich person paying mortgage it feels strange 

Not really. Debt is used by all classes. As the article says, even if someone can afford to pay cash, they might prefer to use that cash for something else (eg an investment). 
 

Also according to Celebrity Net Worth, her net worth is $220m. 
 

[jordeezy river red]

1 hour ago, DougfromBrazilIsBack said:

you people just love to hate on California, go live in a Trump, DeSantis, Cruz state then. 

Gladly lol That's why ppl are having to flee but they will wreck the states they move to as well. Reductive 

[LeavinExhaleByYearEnd]

52 minutes ago, Ofcoursenot said:

Why is this even "news"?

[IsraeliMatt]

3 hours ago, DougfromBrazilIsBack said:

For middle class. When we see a celebrity or rich person paying mortgage it feels strange 

It's probably what most wealthy people do though because the amount of money a person can make on high-yield investments is greater than the cost of interest on a property. A wealthy person also doesn't have a huge amount of their money in cash that would allow them to pay for a property all at once. They'd have to cash out investments to do that, which isn't necessarily a good decision. 

[TSmidnighTS]

14 hours ago, CrazyButItFeelsAllright said:

Dummy is paying about half her net worth in the long run.  Sick that people with so much money keep amassing wealth by making mortgage payments rather than just selling the assets they have and paying for it upfront. Embarrassing 

Economic King