"Invest in property. I don't have tons of investments, but I have a lot of real estate because that's always going to mature and that's always going to have value in the right places. Handler told MarketWatch, advocating real estate as a reliable investment vehicle for building wealth and maintaining asset value over time."
"The Brentwood, Los Angeles, home she bought from Cheryl Hines and Robert F. Kennedy Jr. for $5.9 million in 2021 was a "disaster" with so many issues that she still hasn't been able to move in. The 1937-built property lacked a proper foundation and contained an illegal storage unit that required demolition after purchase."
"An inspector did tell her the house had the most "toxic environment," and that there were so many issues with it that she still hasn't moved into the home years later. Despite the prepurchase inspection identifying these critical problems, Handler remains unable to occupy the property."
Chelsea Handler advocates for real estate investment as a wealth-building strategy, citing its long-term value appreciation. However, her own experience contradicts this advice. She purchased a Brentwood, Los Angeles home in 2021 for $5.9 million from Cheryl Hines and Robert F. Kennedy Jr., discovering after closing that the 1937-built property lacked a proper foundation and contained an illegal storage unit requiring demolition. Despite a prepurchase inspection identifying a "toxic environment" with numerous issues, Handler remains unable to occupy the home years later. The transaction occurred through trusts, obscuring the sellers' identities until after completion. The property's listing photos display an elegant five-bedroom renovation with pool and spacious grounds, masking the significant structural problems.
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