Blog: Why Celebrities Like Michael Jackson and Angelina Jolie Rent Houses Instead of Buying Homes

Added June 30, 2009 by Ilyce R. Glink

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Summary: Why do celebrities like Michael Jackson and Angelina Jolie rent houses instead of buying homes? In some cases, they sometimes rent even while they own one or more houses around the world. For the most part, we tie big-name celebrities like Michael Jackson and Elvis Presley to the estates they owned. But there are real reasons to rent a house rather than buy a home, and not just if you're a celebrity. This blog looks at the reasons why celebrities rent and why you might also want to rent, and points you to a ThinkGlink.com story on the subject with more rent vs. buy resources.

When you think about celebrities, you immediately tie them to the houses (more like estates) they buy:

Michael Jackson bought Neverland, his 2,400-acre estate in California.

Jon & Kate (Plus 8) are now living separately, but she and the kids are primarily living on their 24-acre playland with plenty of room for Jon's ATV habit.

Hugh Hefner still lives with his girlfriends at the Playboy Mansion (which he just lent to former girlfriend Kendra for her nuptuals).

Elvis Presley lived at, died in, and was buried at Graceland.

But in addition to owning a fortress (or theme park) somewhere, celebrities like Michael Jackson and Angelina Jolie increasingly rent houses instead of buying homes. Why?

Read the complete story on Why Michael Jackson, Angelina Jolie, and Other Celebrities Rent Houses Instead of Buying Homes

Read More: Topic Page: Renting a Home

Home Renting in the Short Term; Home Buying in the Long Term

The Benefits of Renting if You're Not Ready to Buy

Ready to buy a home? Pick up a copy of Ilyce's bestselling book 100 Questions Every First-Time Home Buyer Should Ask, 3rd Ed

See more articles on this topic by clicking on the "RELATED ARTICLES" above and to the right.

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