I was friends with a kinda lower level celebrity once who was on "Grey's Anatomy" and even he had a bunch of properties in the US and abroad. Once you get to a certain wealth level, it's kinda insane NOT to own property which makes it easy to "leave the US" because you already have your toe in the water somewhere else without breaking a sweat.
But in this increasingly digitized "work from home" era that we live in, why need to live in a specific place for work in entertainment? High level celebrities (and Gere barely qualifies anymore) get flown to wherever the shoot is and put up in a nice hotel, or if it's on greenscreen, then the shoot often comes to them (like Christopher Lee in his last few movies). Practically nothing gets filmed physically in Hollywood anymore so it doesn't make sense for celebrities to live there (or any specific place) especially when Cali is so ruthlessly expensive. I lived in Hollywood for a couple years and it's actually kinda a dump anyway, though I did see Tom Bergeron and Francis Fisher walking their dogs in my neighborhood on numerous occasions.
Granted, I'm sure Gere is making it all about politics, but the economics I think factor in a lot more heavily.
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