Tori Spelling and Dean just “downgraded” to a $7,500 a month home in Encino, CA complete with five bedrooms, four baths, a gym, pool and hot tub. At least I’m assuming this is a downgrade, considering that the couple have had well documented money problems and Tori is being sued by American Express for nonpayment of a $38,000 balance. Plus they dropped the news on a Friday afternoon, when most of us gossips have clocked out for the day, like they were embarrassed about it. Tori and Dean formerly lived in Calabasas. As you know, Tori’s mother, Candy Spelling, inherited the bulk of Tori’s late father Aaron’s estate. Candy recently revealed to a paparazzo that she’s been paying Tori’s bills so I would assume that she’s paying for this rental home as well. It’s said to be closer to their children’s private school, but they’re likely moving to save money. I wonder if Tori’s psychic told her to move. She’s probably shilling for the company so she can pay off her debt for their services.
Here’s more, from People:
Tori Spelling… and her family have moved from their home in Calabasas, California to a rental in Encino, PEOPLE has confirmed.
She, husband Dean McDermott and their four children have moved to a $7,500 per month rental, with the 3,900 square-ft. home boasting five bedrooms and four baths, as well as a pool, spa, a gym and a media room.
A source close to Spelling tells PEOPLE they moved to be closer to the kids’ schools.
Even the largest most well appointed homes in my small town rent for around $3,000 a month. Being poor to Tori is like being rich beyond belief to most of us. She needs to embark on a new career selling all her accumulated junk on eBay. She’s famous so she’ll get decent money for her stuff and there’s enough in her storage facility to keep her busy for years. Her mom pays all her bills so it’s not like she’s hurting for money as long as she can control her shopping addiction. I recommend Goodwill, I always have the best luck there.
The Daily Mail linked to the Net-a-Porter page for the designer of the dress Tori is wearing, below. Similar dresses from that label retail for around $600. To her that’s probably cheap since it didn’t cost several thousand, but it was possibly comped anyway since she Instagrammed it. She posts about a lot of different products and she must make some decent money for that, which isn’t a bad idea.
photo credit: PRPhotos and Getty
Oh the horror! She makes me want to punch a baby.
Ok. If Candace is telling the truth and she pays for Tori’s main bills like rent, food, etc., then why doesn’t she just buy a house in Calabasas and let Tori and Dean live there? She could certainly pay cash for it, keep it in a trust for the children. I mean for $1.5M, they would have a stable home in a nice gated community. It doesn’t make sense to me if she’s really paying for their expenses.
+1! Why would Candy throw away money on rent when long (short, for her?) term you can buy it outright?
That’s what I came here to say. In California, if you have the means to own, it’s likely to work out to less than renting, at least over time, because rents consistently increase. I don’t know if Encino is rent controlled, but even then rent control only benefits renters who never move.
I am pretty sure it’s only apts pre-70’s that are rent controlled in LA. I could be wrong though.
Because Tori won’t stay put in one house. The DM had an article out showing that she’s moved 7 times in 5 years. And it didn’t even include the Ojai house, iirc. So she’s moved more than 8 times in her marriage. What’s the point of buying a house when Tori gets bored and wants new scenery?
That’s what I was thinking. If they’d stay put long term it would make sense, but they seem to move constantly. I feel bad for the kids, that’s a lot of unnecessary upheaval.
IIRC Candy did buy her a condo but Tori didn’t want stay there for some reason.
That’s why I think Candy should buy a nice house in Calabasas and put it in a trust. Tell Tori, here’s a nice house in a gated community with a pool and great schools. You can live there free of charge, but I’m not paying any more rent.
Don’t put it in Tori’s name at all, then she can’t sell it.
It has to be hard for someone like Tori to basically be given the best of everything their entire life, including roles in Daddy’s television shows and then have that life disappear.
I remember Donald Trump’s daughter, Ivanka talking about being in boarding school and all of her friends were getting iPods, cars and other stuff and when she asked her parents if they’d get her those things, they told her to get a job and figure out a way to pay for it. That’s why she started modeling.
IMO parents who never require anything from their kids set them up for a troubled life.
Tori sold at least two houses at a loss, so she doesn’t seem to be able to stay put, even if it means losing money. Part of my suspects that all of this is just a means of getting PR for whatever her next venture is, and part of me worries that she has some serious mental health issues. Either way, I shouldn’t be commenting, yet here I am, drawn to this strange tale…
Maybe Candy doesn’t have enough liquid funds to buy a fancy house for Tori and still be able to cover her own probably outrageous monthly expenses… like clothes, chefs, drivers and plastic surgery. I’m sure Candy is on a set income from her investments/estate – there might be a penalty to seek an advancement? So maybe she can just afford to pay for Tori’s rent. Or maybe she is waiting for Tori to get her shit together and get a steady income to buy her own house.
I think Candy wants to keep Tori on her toes she doesn’t want Tori to feel secure. She helps as little as possible. Just enough to keep her afloat but god forbid help her enough to relieve too much of her stress. Paying rent means Toru knows she can stop at any time if Tori doesn’t constantly suck up to her. And it means Tori keeps worrying about whether Candy will keep paying or not, or maybe she’ll decide to lower the budget out of the blue, all of which stresses Tori out, which candy just luvvvvs
Such hard times. Must start a “gofundme” page on their behalf. (I just can’t with people this delusional and entitled.)
Googled it and the home they have moved out of was $10500 a month. I can pay 5 – 6 months of my mortgage with just one months rent on their new home. Rich people’s problems.
ITA but I do wonder about rich people with no ability to earn their own money. Life is one big hustle for her. Sounds exhausting.
My house is the same size…. My mortgage is 1200/month…. Crazy
Yeesh. $10,500 would cover my mortgage payments for 3/4 of the year.
I think she might have negotiated with her mother to get her to pay a part of the debt and instead pay less in rent.
My niece lives in SF and she pays 1500 a month for a bedroom In a shared apartment. She used to sleep in the living room and pay “just” 1000 dollars.
Los Angeles area is so wide, I believe it would be a nice home. Rents are crazy in big cities.
That’s a good deal for SF!
It is a beautiful City! I understand everyone wanting to live right in it!
Also the traffic has gotten crazy in the last few years, making commuting difficult. I have family in the Northern area, and they’ve told me about plans to build a train but the rich people in Marin county don’t want no train crossing through their rich neighborhoods, so the plans have stalledz unbelievable.
There’s no point in it for Candi to pay off even some of Tori’s debts since Tori will just spend up the unspent balance on her credit cards for useless things.
If Tori was serious about paying off her Amex, all she has to do is sell up the items in some of her storage units and save on at least some of the storage fees.
I can’t imagine what’s in those storage boxes. How much do you think she pays for storage rent?
@ Ennie
It’s been said by some that the total in fees are worth more than a mortgage payment per month.
Also, I’ve read/heard that the stuff she has in there are some expensive purses, furniture, clothes, as well as lesser-priced things. She’s just a spender and hoarder.
She could sell them and make a big thing out of it and make money to diminish her debt! What a silly person and a sad example to her children.
What you want to bet Tori and Dean will take some expensive vacation ( Tahiti, Bora Bora) before years end? They may have downsized but I doubt they cut back on spending well beyond their means.
This is not to excuse any of Tori Spelling’s life decisions, but…
$7500 a month for the property described in Encino is a decent deal. She could, of course, rent a smaller house, but they do have four children, so I understand the logic.
Also, they could leave Los Angeles and go somewhere with a lower cost of living. But then what are their options to earn a living? They could try to get jobs outside of the entertainment industry, but what are their skills? They are still living in the dream that they will go back to the peak of their careers, I’m sure. How could you not? How could you look at the rest of your life–maybe some 40 or 50 years–and accept that the peak of your life is absolutely behind you? I think it’s very hard as a human being to do that. And Tori is clearly incapable of such introspection.
Again, not a Tori apologist, but I do understand the mindset to a certain extent.
Except that Dean went to Canada to film a food show. Most movies are made on location. So moving away would not be a hardship as far as jobs.
She did one of her reality TV shows in Ojai, so living in LA doesn’t restrict her from doing more of these types of shows. There are other celebrities that don’t live in LA county but commute to work.
There are houses in LA county big enough for a family with four children that don’t cost $7,500 or more. There’s nothing stopping her from renting in Orange County or Ventura County either.
She just likes to spend big and live big. That’s why she’s moved 7 times in 5 years, not including the time she’s lived in Ojai before that.
I think you make a good point. I think Tori and Dean are both overly optimistic to think they are going to have profitable careers in Hollywood, in front of the camera. I think she has pushed and pushed the reality angle without any interest. I really think that her skill is probably like her father’s in producing shows. I know she has no money but she has the same tenaciousness he did. I would like to see her start writing and producing shows. Maybe even the campy TV dramas she did for Lifetime. She knows a lot of industry people so if she cobbled a script together, and got her friends (not herself or her husband) to star, I could see it being a cult hit. She needs to do something other than live off her mom’s hand outs. I really hope she fights against her upbringing (her mom really handicapped her by spoiling her with money and discouraging college) and becomes a writer and producer like her dad.
I love Tori! She just has a place in my heart. In my school district the most expensive rental is 7.9k, you get 7 bedrooms, 5 baths and 2 half baths for that. The most expensive house is 6.7million. My rent is about $2,400 a month for a 3 bedroom apartment above an office. Most people live in homes here, we’re unusual and it’s humbling. I relate to her in so far as the home I live in and provide for my children is far more modest than the way I grew up (a public parking lot and alley vs. a lush backyard and in-ground pool). There are guilty feelings you get from this. Maybe she feels guilty that her kids have less than she did as irrational as that is to us considering how amazing her house must be, it’s still not the lifestyle she was provided.
My parents could afford to buy me a house too. But they don’t give financial help to their kids because not all of us need it (I have a wealthy sister and brother who has even less than me) and in their mind you have to do the same for all. I probably wouldn’t want to take help anyway. My best friend is in this exact position, her parents are willing to buy her a house, a pretty big one in fact. She doesn’t want to be bought. I tell myself that it’s good for kids to grow up with less because it will give them stronger character and drive in life.
I sort of get it, too. My Dad told my sibling he would pay for him to go through law school, including rent and living expenses, plus one year out of law school while he prepared to take the bar, and find a job.
During the end of the second year of law school, my dad got remarried to someone who thought it disadvantageous to pay for such things for your children. All of a sudden he had to take out loans to pay to finish, and he was ticked. He hadn’t been 100% sure he wanted to go to law school, but the job market wasn’t great at the time, and so he did it. He never would have gone into debt for it though.
A lot of people didn’t understand (your Dad paid for undergrad and half of law school, and you are blessed to be smart enough to be in law school) but when you see your (financial) life going a certain way, and then it all changes, it takes awhile to get your footing. Not to mention, it was lame of my Dad to go back on the deal we grew up with, just because wife #3 had different ideas about where his money should go.
Slumming it. Bummer.
Aside from the psychic deal, what is bringing in money for them?
Dean seems like such a layabout. Tori might have a little more energy but she puts it to the wrong use, i.e., shopping, probably.
I feel sorry for their poor kids, saddled with those parents.
Tori is starting to resemble Lark Vorhees. 🙁
Theres a difference between knowing you have a backup just in case, so you dont “take” financial help on principle, and the absolute terror of no familia help when life tumbles hard, children are in involved, homelessness is visible, and hunger is real.
In my neck of the woods, if a parent is generous in offering to purchase a home , no one would see that as selling out. They would see it as a hand up to continue to thrive and one less thing to worry about.
+1
You can’t take it with you, and it’s not like buying your kids a Corvette or something. A house grants them stability and hopefully the knowledge that they’ll never be homeless.
There’s too much separation between parents and children today. A parent’s job is not over when the kid hits 18. That’s a ridiculous idea, brand new in 20th century America, and dependent on both a thriving economy and the kid never having health problems. It was a flash in the pan, and good riddance to it.
This is actually quite a come down (but not really). If they live in the Valley, many LA celebrities live in Sherman Oaks/Studio City. To leave the enclave of Calabasas to live in Encino is not a good look , but I’m pretty positive that they are still south of the Boulevard, so its still pretty exclusive. They are not starving, but they are definitely not living within their means. They could easily move to Santa Clarita or Simi Valley and live a perfectly good life and still have enough IMO.
Renting ends up being much more expensive in the long run. Why not own a home instead? Plus isn’t her mom paying for it all anyways?
Why does there need to be a press release every time Tori and the Deaner move? Is she shilling for Uhaul now, too?
Ok, so Tori’s a shopaholic mess…not exactly a newsflash. But, um, does Dean ever work? They are his kids too. Does this man do nothing to support his family???
I think neither do anything to support their own children. She spends her money on herself and so does he apparently if Candi is paying for housing, food, and schooling for the kids. Both Tori & Dean are the same level of terrible, imo.
Their only thing these days seems to only be showing up for photos at events.
Why isn’t she pitching a reality show to sell off all her stuff? There’s like half a dozen shows about storage places. I don’t get it myself, but clearly there’s an interest in that sort of thing.
7.5K a month? How barbaric. The place must be a dump.
I haven’t followed much about these two but last I heard, weren’t they buying houses, fixing them and flipping them?
Maybe this rental is just temp while they flip another property?
She’s been pitching reality shows for years, but the networks aren’t interested (which is why many feel she and Dean concocted the whole cheating thing, so they could have a hook for a reality show.)
I actually think she could get a reality show following her as she cleans out the storage units and sells her stuff- I think there’s a market for that show (I’d watch it!), and she gets a quadruple benefit: money from the show, money from selling the stuff, a production company to help her organize and sell, and she no longer has to pay exorbitant storage fees. She could even do a self-help angle about hoarding and shopping addictions.
When I read these stories about how Tory ‘effs up her financial situation again and again, I realize that her dad knew exactly what he was doing by not leaving her millions in his will. If she had millions, she’d lose millions.
Her oldest daughter always looks so miserable. 🙁