5/27 Here is something to do for fun. Guess how much the following
Santa Monica property sells for, and what can you say about
West Los Angeles housing vs. Bay Area housing:
http://hhlldevelopment.com/126Pacific.html
\_ I'm guessing $1.5-2 mil, and if you didn't already know, LA housing
prices have been insane for the last few years. One bedrooms in
that area can go for $2k/month. My friend lives a few blocks up
the beach from there, and he pays $2700/month for an ocean view.
-rollee
\_ I am guessing around $1.4M, or $1k/sq ft. -ausman
\_ Historically, LA housing prices have always been higher than
the Bay Area. I think this is still true if you compare like
properties to each other.
\_ ausmas and rollee are good. I called and it's in the
"mid millions". I thought LA is cheaper than SF, I guessed wrong.
\_ The median in LA is a lot cheaper, but you wouldn't want to
live in a median-priced neighborhood. There is more cheap
housing in bad areas. In nice areas the real estate tends
to cost more in LA. |