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Why Jennifer Lopez and Ben Affleck’s $68 million mansion is unaffordable

After breaking up, star couple Jennifer Lopez and Ben Affleck put their luxurious ‘home’ in Los Angeles up for sale for 5 months now but still have no buyers.

Bennifer quietly tried to sell the house through a broker in May, right after their separation, but was unsuccessful. On July 11, they officially listed the house on MLS for $68 million. However, to date, 100 days after the public sale, the couple has yet to find a buyer.

Realtor Jason Oppenheim, who appeared on the Netflix reality show Selling Sunset , explained why the mansion was so difficult to sell. “It would be surprising if it sold in 100 days. Most homes this large sit on the market for six months, and in many cases, longer,” Jason told Realtor.com .

The newspaper noted that few people can afford a mega-mansion like Bennifer’s. Potential buyers also tend to look at multiple properties and wait for prices to fall. There are also other factors that make buyers hesitant, such as property taxes and high security fees.

Jason Oppenheim said Jennifer Lopez and Ben Affleck don’t need to worry too much about losing buyers after a few months, but he said the ex-couple should be prepared to lower the price of their home and lose several million dollars. Some large properties in the area are also dropping in price after a few months on the market. In addition, according to the broker, the former couple will also suffer a loss when selling because of the high taxes in Los Angeles. “They could lose more than $5 million after deducting commissions, taxes…”

J.Lo and her husband bought this property in May 2023 for $60.8 million. They spent more money on renovations and interior decoration. The 3,500-square-meter villa has 12 bedrooms, 24 bathrooms and many convenient rooms. Before that, the couple spent more than a year looking to buy before choosing this villa as their home when they got married. J.Lo wanted a large house for a large family, including Ben’s three 𝘤𝘩𝘪𝘭𝘥ren and her twins.

Jennifer Lopez filed for divorce from Ben Affleck on August 20 after two years of marriage. According to sources, the singer and the Batman actor did not sign a prenuptial agreement, so the division of assets after the divorce will be complicated.

In May, Ben Affleck moved out, renting a mansion near his ex-wife, actress Jennifer Garner, to better care for their three 𝘤𝘩𝘪𝘭𝘥ren. Jennifer Lopez still lives with her two 𝘤𝘩𝘪𝘭𝘥ren in this house, but the singer is said to be looking for a new home after being seen looking at many properties.

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