James Devaney/Getty Images; realtor.com
Justin Bieber is house hunting in Los Angeles! And you’ll never guess which place he has his eye on: the home where Demi Lovato OD’d.
According to Us Weekly, Bieber and his new wife, Hailey Baldwin, were spotted touring Lovato’s house. The singer put it on the market shortly after she reportedly overdosed on oxycodone laced with fentanyl. It’s listed at $8.995 million.
While celebs pass pricey properties back and forth among themselves like kids swap baseball cards, if this particular real estate deal comes to pass, we’d fully approve because it solves all kinds of problems in one fell swoop. Here’s a look at how everyone would benefit.
Why Demi Lovato needs to sell her house
The house where Demi Lovato reportedly OD’d
realtor.com
We can see why Bieber and Baldwin would want to purchase this pad—it not only has ample space at 5,546 square feet, but an infinity pool, soaking tub, and “huge sky lounge terrace” offering views of the Pacific Ocean and Sunset Strip.
And we can also see why Lovato would want to get rid of it: too many bad memories.
“As a physician, I know that post-traumatic stress disorder may be triggered by being in the house [where certain events occurred],” says Goldie Winge, a physician at UCLA. “Addictive behaviors may also be triggered by being in that environment. I completely understand and agree that Lovato should move.”
The living room
realtor.com
Why Justin Bieber really needs to buyMeanwhile, Bieber is hurting in his own way, as he’s currently coughing up $100,000 per month in rent for a place in San Fernando Valley.
This outrageous sum led us to point out: Hey, Bieber—for rent that high, why not buy a house instead?
And apparently, somehow, he heard us.
From a financial standpoint, buying Lovato’s place would be a major money saver. Let’s assume, for instance, that Bieber gets a mortgage with a 5% interest rate (a tad higher than today’s rate) and a standard 20% down payment. Crunch those numbers in a mortgage calculator, and his monthly payments would amount to $50,249 per month. That’s half of what he’s currently paying in rent!
Even when you factor in that hefty $1.799 million down payment, the gains he’d make in home equity would quickly add up. Keep in mind this guy is tossing away $1.2 million per year in rent! As such, if you input these figures in a rent vs. buy calculator, you’d quickly see that in Bieber’s case, buying would end up cheaper than renting in just two years.
For Justin Bieber, buying would be cheaper than renting after two years.
realtor.com
In other words, both of these celebs would benefit big-time if this deal goes through. Wouldn’t it be sweet to see them solve each other’s problems?
The post Will Justin Bieber Buy Demi Lovato’s House? The Weird Reasons It’s a Genius Idea appeared first on Real Estate News & Insights | realtor.com®.
from DIYS https://ift.tt/2yMJzhZ
No comments:
Post a Comment