If there's anything celebrities are known for (obviously we're not talking about talent--Miley and the J Bros. anyone?) it's the extravagant ways they blow their money. One such expenditure is, of course, the celebrity home.

Buying a house is a life-changing experience. It requires an immense investment of time and money, and is a weighty commitment. If you're looking for fewer strings attached and less financial responsibility, try renting.