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  #1601  
Old 11-05-2018, 09:09 AM
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Originally Posted by sndral View Post
The rent v. buy discussion is interesting to me because the Queen seemingly changed from buying her children homes - Anne currently owns Gatscomb and Andrew did own Sunninghill.
Now both Andrew and Edward ‘rent’ - they have long term leases on their respective Windsor homes, thus there must be a reason that the RF in recent years has favored leases over outright ownership. Perhaps inheritance taxes? Andrew and Sarah did buy the Swiss chalet, but as far as I know Edward has no real property to pass on to Louise and James.
The Michaels had to sell their country home due to the expense of its’ upkeep and Margaret’s son sold her Mutique home.
Charles as far as I know does not personally own any real property that Harry could inherit. Charles and William are differently situated than the other children/grandchildren of the Queen, IMO.
It’ll be interesting to see whether Harry or the York daughters buy or are gifted property going forward. Their trusts provide income, and to use principal to invest in a property thereby decreasing income and increasing expenses to maintain an estate might not be the soundest financial move in their cases.

The Queen owns Gatscomb. Anne lives there, and one or both of her children and their families as well.


LaRae
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  #1602  
Old 11-05-2018, 09:31 AM
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Originally Posted by muriel View Post
The Queen has not changed her mind on but vs rent, its just the properties her younger sons have chosen to live in. Neither properties were available for sale, but could be leased out long term. Andrew and Edward live on Crown Estate properties that they acquired long leases on. The bulk of the lease rentals were paid at the outset, and it a small annual charge is now payable. So for their life times, it is like owning the property.
I'm also guessing the advantage of living on a Crown Estate property is probably because of security? We just don't live in the same world as 20 years ago anymore. That's something to take into consideration.
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  #1603  
Old 11-05-2018, 09:35 AM
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Originally Posted by jacqui24 View Post
I'm also guessing the advantage of living on a Crown Estate property is probably because of security? We just don't live in the same world as 20 years ago anymore. That's something to take into consideration.
Not sure how Crown Estate properties help with security.

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Originally Posted by Pranter View Post
The Queen owns Gatscomb. Anne lives there, and one or both of her children and their families as well.


LaRae
Not sure if the Queen owns Gatcombe. As I understand it, the Queen paid for Gatcombe, but it is owned either by Anne or I'd held in trust for Anne and her children.
  #1604  
Old 11-05-2018, 09:57 AM
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Originally Posted by muriel View Post
Not sure if the Queen owns Gatcombe. As I understand it, the Queen paid for Gatcombe, but it is owned either by Anne or I'd held in trust for Anne and her children.
I was watching a documentary a while back and it was mentioned. Then I was reading a bio of Anne's and it came up there too. I've done a little research online as well and everything I can find says the Queen bought Gatscomb and it's part of her properties..but Anne (and presumably her children) can live there till whenever. I don't know about the Trust part. I don't remember that part of it.


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  #1605  
Old 11-05-2018, 09:59 AM
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The pros and cons on renting vs. buying work very differently at the highest end of the real estate scale than they do for most of us in the middle. Renting has long been considered a smart option for the wealthy who aren’t sure they’re going to stay in a house for years and years. There just aren’t a lot of buyers with the kind of cash necessary to purchase a really high-end place, so selling becomes tricky and a long, drawn out process—you end up with a lot of your net worth tied up in a property that may sit on the market for quite a while. If you’re renting, otoh, you can just walk away in your own schedule. The line marking how long you should expect to live in a place to make ownership make more sense than renting is just drawn in a very different place at that end of the market.

So the question to me isn’t “why are they renting” so much as it is “do they know what they want long-term?” As someone else said upthread, I can’t believe Charles and/or the Queen haven’t presented options already. I wonder if they haven’t been given a choice between main house in country/small place in city or the reverse and are still trying to try out which balance feels better to them.
  #1606  
Old 11-05-2018, 12:20 PM
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Quote:
Originally Posted by Pranter View Post
The Queen owns Gatscomb. Anne lives there, and one or both of her children and their families as well.


LaRae
Where do you get the information that the Queen owns Gatcombe Park? My understanding has always been that the Queen gifted it to Anne and Mark when they got married as a wedding present.

ETA-I saw what you wrote about the documentary, but everything I’ve read says otherwise. I guess it is one of those things not known for sure.

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Originally Posted by muriel View Post
Not sure how Crown Estate properties help with security.
Because there is 24/7 security already in place and you are not deploying extra perimeter security in an additional location.
  #1607  
Old 11-05-2018, 12:34 PM
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Originally Posted by O-H Anglophile View Post
Because there is 24/7 security already in place and you are not deploying extra perimeter security in an additional location.
The Crown Estate is one of the largest landlords on the country, owning amongst others, most of Regent Street, St James', the seabed around the UK and so on. It is not restricted to properties on the Windsor estate , or other royal residences. The vast majority of CE properties do not have security, and therefore, there is no benefit from that perspective.
  #1608  
Old 11-05-2018, 12:36 PM
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After roaming around a bit, from what I can see, Gatcombe Park is owned by The Princess Royal. It was given to her and Mark as a wedding present similar to Sunninghill that was gifted to Andrew and Sarah.

"Gatcombe Park is the privately owned residence of The Princess Royal and her husband, Vice-Admiral Tim Laurence. Originally purchased by The Queen as a wedding gift for her daughter, the property was later expanded to include the neighboring Aston Farm. After divorcing, Princess Anne retained Gatcombe Park while her first husband, Mark Phillips, retained the Aston Farm estate where he still lives. Gatcombe Park is the site of several equestrian events througout the year."

British Royal Residences | Unofficial Royalty

Its my understanding that Mark has moved on and the Aston Farm estate are in trust for Zara and Peter.

Back to Harry. For all we know, Charles could be footing the rental bill for Harry on the Cotswold rental and there are discussions being had with Harry and Meghan, Charles and the Queen as to which residence or property will suit the Sussex family for a long term residence. If the Cotswold property turns out to be where Harry and Meghan prefer to raise their family and its good for security reasons, either the Queen or Charles may decide to purchase it outright for H&M. We'll see what happens when it happens.
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  #1609  
Old 11-05-2018, 12:46 PM
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Originally Posted by muriel View Post
The Crown Estate is one of the largest landlords on the country, owning amongst others, most of Regent Street, St James', the seabed around the UK and so on. It is not restricted to properties on the Windsor estate , or other royal residences. The vast majority of CE properties do not have security, and therefore, there is no benefit from that perspective.
We are not discussing Regent Street. We all know we are discussing properties like Sandringham or Windsor.
  #1610  
Old 11-05-2018, 01:49 PM
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Originally Posted by O-H Anglophile View Post
We are not discussing Regent Street. We all know we are discussing properties like Sandringham or Windsor.
Sandringham is privately owned and is not part of the Crown Estate at all.
  #1611  
Old 11-05-2018, 02:50 PM
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Originally Posted by wyevale View Post
He certainly has.. the ULTIMATE move, we all eventually make...
What does htat mean?
  #1612  
Old 11-05-2018, 02:53 PM
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I was thinking the same thing. If its looking for a third marriage, count me out. Anyways, not the thread for this.

Back to Harry's future home once again.....
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  #1613  
Old 11-05-2018, 03:47 PM
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If it tax system works the same as the US, a large portion of the rent could be a tax write off as a cost of doing business and entertaining expense.
  #1614  
Old 11-05-2018, 03:55 PM
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Originally Posted by padams2359 View Post
If it tax system works the same as the US, a large portion of the rent could be a tax write off as a cost of doing business and entertaining expense.
No. That's not how it works. In Britain or US.
  #1615  
Old 11-05-2018, 04:40 PM
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I apologise, as 'upthread', I implied Captain Phillips is deceased.. that is INCORRECT.
  #1616  
Old 11-05-2018, 07:23 PM
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Originally Posted by muriel View Post
Sandringham is privately owned and is not part of the Crown Estate at all.
Ok, granted the exact terminology was incorrect, but I believe the point being made was places where Royals have homes on grounds already under heavy security, lessens the security issues.
  #1617  
Old 11-05-2018, 08:16 PM
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It always comes back around to Sandringham for me...there are a lot more pros than cons. Security, cost, options etc etc. But they may very well do their own thing away from there.



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  #1618  
Old 11-05-2018, 08:20 PM
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I just haven’t seen much interest from even Harry for Sandringham other than Christmas with the family.
  #1619  
Old 11-05-2018, 08:35 PM
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Well we really wouldn't know would we? They are all pretty good at moving around under radar.


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  #1620  
Old 11-05-2018, 09:12 PM
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I know when Harry was single he used to use Wood Farm on the estate to host shoots with his male friends. He was there before his marriage doing precisely that on a couple of weekends.

When both William and Harry were bachelors they would go to Sandringham to shoot quite a few times a year. I come from Norfolk originally and have family members who live near the estate and they and I would see them and other royals driving about with friends.

However, now Harry has a wife and is establishing his own family he may just simply not want to live too close to his brother and his family, fond though he is of them all. (Of all the royals I'd say that Charles likes Sandringham the least, certainly in the past few decades since he purchased Highgrove.)
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