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Oscar Winner Dianne Wiest Can't Find Enough Work to Afford Her Apartment

Oscar Winner Dianne Wiest Can't Find Enough Work to Afford Her Apartment

Dianne Wiest recently opened up about her struggle affording to live, even though she’s a two-time Oscar winning actress.

“I have to move out of my apartment soon,” the 66-year-old actress told the New York Times.

Dianne also revealed that she doesn’t ever try to re-invent herself for a role, she leaves it to fate.

“I think that if it’s meant to happen, it will happen,” she said. “Which is I guess a real sign of stupidity.”

Dianne is a highly acclaimed actress who we’d love to see more on screen and on stage in the future.

She won her two Oscars for her work in Hannah and Her Sisters and Bullets Over Broadway. She is also well known for her work in Edward Scissorhands, The Birdcage, and Practical Magic.

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Posted to: Dianne Wiest

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  • Fran Mirren

    I like Diane Wiest, but come on, she’s done dozens of films and was on Law and Order, I’m sure she can afford most things that normal folks like us can’t. No pity here.

  • dalovelee

    This is a crying shame that a two time Oscar winner is NOT getting juicy roles. AND its a shame that the Hollywood community is not helping her by offering her roles with a nice chunk of change.

  • jason

    good actress but bad at managing her money

  • The Truth Hurts

    I don’t think she bad at managing money but it just shows the truth for what it is. Hollywood doesn’t give roles to aging actress no matter how good she is. If she was a man she most likely wouldn’t have this problem. Plus actress these day make a lot more money then they did back when she won her oscars.

  • Wanderersmind

    Either she wants to live a very expensive life or she could not manage her money which in both case not a good sign.

  • ladylilarowe

    Just goes to show you shouldn’t go crazy spending tons of money the second you can get your hands on it.

  • ladylilarowe

    Number one tip: the second you come into money, BUY and do not RENT property. Celebrities blow their money on luxury cars, living in hotels, and dumbass things – if I got a million dollar paycheck, the first thing I’d do is buy a place of my own in FULL, so that way you always have a roof over your head and if things get bad and you need $, you can always sell that place and find something smaller. The amount of stupid decisions people make with their money in America is really perplexing.

  • plez

    Move from New York!

  • jane

    what she probably meant is “i cannot afford my 10,000 a month NYC apartment.” that is quite different than not being able to afford an apartment altogether, which i highly doubt is her situation

  • leila

    She has done tons of movies and has been on TV series, maybe her lifestyle could use some restructering. New York is suppose to be the most expensive city to live in, maybe a smaller apt, different city. I am sure she isn’t going to be homeless anytime soon

  • http://www.soundcloud.com/cigo8179 Christopher I. Gomes

    How tacky to divulge that personal information.

  • Anastatia Bagans

    Once you get money…invest it and make smart decisions. I get that it gets harder as you get older especially as a woman in Hollywood where they want to replace you with those half your age…but come on..do something else then. Make films, make your own films to star in, write plays, produce work, there’s a lot to do. The whole “if it happends it happends logic” is what slackers usually say.

  • sally

    “Dianne Wiest recently opened up about her struggle affording to live”

    I’m sure shes can afford to live, just not luxury.

  • aliendreams

    And IF they are rich enough then do NOT get a mortgage. A lot of these people put down a deposit and then they can’t or won’t even make the monthly payments so it’s foreclosure time!

  • aliendreams

    She needs a much better agent!

  • Jana500

    It’s not so easy for self-employed people, especially actors, to get mortgages. I don’t think Wiest has ever been a real high earner. People are delusional about salaries and available work in the industry.

    I also love people suggesting she leave NYC where the work is. I suppose LA is an option but how much work does an actor get in Dubuque Iowa?

  • R R

    She should re-invent herself and become a high-class prostitute. I hear that Oscar winners with a desire for kinky sex are in big demand in Saudi and Kuwait and that perverted oil sheiks would gladly pay a million bucks for a week’s “work”.

  • Cate

    That’s so sad. Thanks to ageism and sexism the parts aren’t there for women once they are no longer considered ‘hot’ and they struggle to find work.

  • Kevin Hulki

    Her 2-bedroom apartment on 79th Street rents for $5300 a month! Perhaps she needs to find a one bedroom or move out of Manhattan.

  • Mskatzburg

    Sorry but 45% of salary goes to union dues, taxes, agents and the like.

  • ladylilarowe

    ANYONE who earns a considerable income, can get a mortgage. People who aren’t actors are able to afford a mortgage, let alone an actress who is an Oscar winner and has been in many box office hits. Work may be tough for her to get now, but she should have been smart to save $ or buy a home in full when she could have. You live and you learn.

  • Lisa G

    I think I missed something. This article doesn’t say she’s renting. People buy apartments in large cities all the time. So, my understanding is that she is leaving this apartment for something she can afford. Also, buying in full doesn’t guarantee security since there are repairs, insurance, taxes, and taxes, and taxes… There are a lot of financial advisors who believe renting is a much smarter idea vs buying.

  • ladylilarowe

    Renting is throwing your money away. You don’t own anything in the end. If you decide to move out of an apartment you are renting and then want to buy a home, where is that bulk of money that you will use for that down payment? All in your rent money that you gave to someone else. Taxes will always be a part of our lives, but if you repair a place, if you buy that place, it will be yours permanently so those improvements will pay off. I think people are afraid to being tied down to ONE home and responsibility, which is funny to me… who doesn’t want a nice place to call your own that no one can take away from you?

  • ladylilarowe

    Meryl Streep is older and I’m sure has complaints to make about this problem (granted it is an issue because there need to be bigger parts for older women), but you don’t see her struggling to make ends meet. What you reap you sow, and if you throw your money away or don’t make a firm plan with it, in the end you will pay.

  • ladylilarowe

    Well she should get another apartment then! Simple solution isn’t it? Stop airing out all your business for the NY Times and the public.

  • ladylilarowe

    Exactly, she admittedly said that’s a stupid thing to say and it is. I believe in God and fate, but life is what you make of it. You got to get out there and make the most of every day! It’s tough in the beginning but everyone has to start somewhere but as long as you work hard, stay positive, make smart choices with your $ you can enjoy success and a home to call your own. I know plenty of people who are highly educated, can get a great job or opportunities, but choose to throw their income or money away on meaningless things. Americans have a hard time finding a happy medium – we are always verging from one extreme to the next. We condemn pre-marital sex but have the highest rates of teen pregnancy. Half the country’s young girls diet and have eating disorders while the rest suffer from morbid obesity. We push the American dream but in 2008 we had scumbags stealing millions from innocent people. Americans need to learn the value of a dollar and know how to be reserved when it comes to money, not frivolous because that kind of behavior always comes back to bite you (ie: Wolf of Wall Street!).

  • ladylilarowe

    Just like it does to everyone else. Save your $ from the beginning and you wouldn’t be in this situation.

  • ladylilarowe

    She does live on the Upper West Side, which is a very expensive place. Homegirl should buy a house upstate, get a car, and drive to work/auditions/however she gets to her job. Leave the city living to the young and wealthy people, because NYC is awesome, but it’s a b!tch to try to survive in it if you’ve got no money.

  • Island Planet

    Online sources claim she’s worth 18 million. Absurd for her to say that she can’t afford her rent.

  • https://twitter.com/thedreadofpenny Penny Dreadful

    Maybe she’s hasn’t had much work lately, but she worked steadily for many years. I have a hard time believing she’s broke unless she really, really abused her finances badly.

    BTW. I think she’s a stupendously talented woman. I would love to see her work more. She’s one of the greatest actresses in America and the world. But the money thing — I don’t get where she’s coming from with that. However, the article also doesn’t say much. There’s just the comment about the apartment.

  • https://twitter.com/thedreadofpenny Penny Dreadful

    Streep lives far away from Hollywood — I think she lives in Virginia?? Somewhere out in the country and she’s had a house there with her husband, raised her children there for decades. She could go without work for awhile and still not be financially stressed.

  • Jana500

    You honestly have no idea what kind of money Wiest has made in the past. As I noted she has never been anywhere near a top money earner and no matter how accomplished an actor she is, work is sporadic. There are many apts in NYC that are co-ops and she may never have been able to financially qualify for ownership in them – it is much more complicated than a simple downpayment. In any event, she lives in a city where she can get work more readily than probably anywhere else but home ownership is very difficult for those without a steady paycheck.

    Wiest being an Oscar winning actress has almost nothing to do with her ability to earn a decent income which seems to be more of an indictment of the industry and their treatment of female actors than some supposed inability on her part to “manage” her money – which is nothing but rather sexist speculation.

  • StumpedtheChump Again

    And make sure its a place you can afford the taxes and insurance on.

  • ladylilarowe

    Exactly – she’s smart. She bought one home in a decent place and is not renting out living in a crazy expensive apartment she can’t afford in NYC.

  • shoes4life

    If she is worth $18 million then she need to liquidate some assets and go buy a home in NY not NYC and pay cash and put aside 3 years of taxes. No one worth that kind of money should be renting.

  • Jana500

    Wanna bet it’s rent controlled?

  • Guest

    Is it a 40000-square foot apartment? JK. I do believe her. Acting doesn’t pay that well unless you in the top 0.01%. The rest get nothing.

  • susan

    Amen to that! No need for a mansion. A decent home can be bought for well under a million.

  • Bo

    join the club

  • Bogumil

    don’t forget she lives in nyc where even if you do buy and apartment pay it off, you are still going to be paying around $4000-8000 per month for condo fees and property taxes.

  • Bogumil

    not if you live in NYC where most actors are because of the work.

  • Bogumil

    don’t forget she lives in NYC where even if you do buy an apartment and pay it off fully, you will still have to be paying around $3000-8000 per month in condo/co-op fees and property taxes. which is a huge amount of money to be paying for something that you own.

    what a lot of people who are not in the entertainment industry don’t understand is that what an actor makes and what actually goes to them at the end of the day are 2 completely different things. most actors pay ridiculously huge taxes where about 40-45% of what they earn goes to taxes. also don’t forget that the actors agents, managers, and lawyers also take a commission from every paycheck the actor gets. so at the end of the day only about 1/3 of what the actor earns actually goes to the actor.

  • Bogumil

    what a lot of people who are not in the entertainment industry don’t understand is that what an actor makes and what actually goes to them at the end of the day are 2 completely different things. most actors pay ridiculously huge taxes where about 40-45% of what they earn goes to taxes. also don’t forget that the actors agents, managers, and lawyers also take a commission from every paycheck the actor gets. so at the end of the day only about 1/3 of what the actor earns actually goes to the actor.

    also don’t forget she lives in NYC where even if you do buy an apartment and pay it off fully, you will still have to be paying around $3000-8000 per month in condo/co-op fees and property taxes. which is a huge amount of money to be paying for something that you own.

  • http://scallywagandvagabond.com/ scallywag

    If a Hollywood legend has to downsize what does that say about the common denominator man? But maybe that’s part of the illusion of Hollywood too …?

    http://scallywagandvagabond.com/2015/01/actress-dianne-wiest-forced-manhattan-apartment-cant-afford-rent/

  • Anon Dude

    Actually, in addition to a home in Connecticut, Meryl Streep and her husband own a penthouse in lower Manhattan.

  • mountainflower

    This is so true, many Broadway actors live hand to mouth.

  • mountainflower

    Meryl is 65.

  • mountainflower

    She could have lost money in the stock market or any number of ways. Reversal of fortune visits many,doesn’t mean she mismanaged a damn thing. For all we know, a former lover could have cleaned her out. Diane seems like a sweet, unassuming character to me, I can’t see her in furs and diamonds.

  • mountainflower

    Very good point which I’m sure plays a big role in all this.

  • Lisa G

    Well, that’s simply not true. You can own a home and have it taken from you. I’m typing from my phone so I’m keeping this short. There are several circumstances that can and often do allow that to happen. Not being able to keep a home up to city code, not being able to afford taxes, not being able to afford HOA fees, and many other reasons. Also, renting isn’t throwing money away. That rent money provides a roof over your head and that has value without the hassle and expense of upkeep, taxes, and fees for living in a nicer environment.

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