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Some celebrities renting instead of buying

March 18, 2011 - With all the difficulties many homesellers are having selling their properties and getting their moving plans going, is it any surprise some of the world's rich and famous are choosing to rent their next home instead of buying it?

As Zillow.com reports, many famous stars are choosing to rent their homes even though their ample bank accounts certainly don't preclude them from buying. One of the most notable is Diane Keaton, the Academy Award-winning actress who's known for being a prodigious house flipper, buying and then renovating properties for resale. However, Keaton actually rents her own Bel Air apartment from another famous actress - Meg Ryan, who had no success trying to sell her seven-bedroom condo at a listing price of $14.2 million. She instead rents it to Keaton for $40,000 per month.

Ryan herself is also a renter, paying $20,000 on a rental unit in New York City's SoHo district, according to the New York Post. Additionally, actor Orlando Bloom - famous for his roles in The Lord of the Rings and Pirates of the Caribbean movies - put his Hollywood Hills rental home on the rental market for $18,000 per month, making him another celebrity landlord.

Perhaps most notably, Facebook founder and billionaire Mark Zuckerberg is known to rent on a month-to-month lease in a modest home near his website's Palo Alto, California, headquarters.
 

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