A royal expert has revealed the brutal reason Prince Harry and Meghan Markle may need to 'downsize' their Montecito mansion.
Royal commentator Maureen Callahan appeared on The Royals Uncensored podcast, where she revealed some of the rumours swirling about the Duke and Duchess of Sussex, namely that the couple may need to move house to cut costs.
'So the stories are that they may need to downsize from that $14m Montecito mansion,' she told co-hosts Katie Nicholl and Jo Elvin.
'They are having a lot of trouble monetising what they used to monetise, which is their connection to the Royal Family, which was secrets of the Royal Family.'
She added: 'The information supply has been choked off.'
SkyNews.com.au does not suggest the couple have discussed downsizing, only that it is rumoured they may need to do so.
Financial Pressures Mount
Harry, 41, and Meghan, 44, purchased their seven-acre Montecito property for US$14.65 million ($20.5 million) in 2020, the same year the couple quit royal life. The Mediterranean-style home features a home theatre, a tennis court and a pool.
Just last month, an insider told Page Six 'money is tight' for the couple, especially considering they need at least US$6 million ($8.4 million) a year for operating expenses in Montecito. The publication added Harry and Meghan spend around US$3 million ($4.2 million) of that sum on private security for the family and also need to make mortgage payments.
Grim Prediction for Royal Titles
Elsewhere on the podcast, Callahan offered a grim verdict on the Sussexes' future once Prince William becomes King.
'I do think Harry and Meghan, their titles will be stripped,' she said.
However, she also predicted that, despite the Sussexes calling the United States home over the past six years, Americans would not lose too much sleep over their downfall.
'We in America will be cheering him (Prince William) on,' Callahan said.
The Prince of Wales has not addressed what actions he will take as King, although he has hinted there will be 'change' during his reign, with a focus on carrying out royal duties with a small 'r', The Guardian reported in 2024.
