Where is the most expensive place to buy a home ?

[bearfan454]

Cali, NY, Boston, FLA ? Where ?

[terrya]

1. New York City and San Francisco.

[spooky3]

2. DC and LA areas are rapidly catching up, unfortunately.

[terrya]

3. A friend of mine lives in Dupont Circle in DC. It's hideously expensive, I

guess. But a great section of Washington.

[fudge stripe cookays]

22. And it's no wonder!

I took the Metro there the other day while I was in DC and the houses are not to be believed!

The one embassy (Indonesian, I think?) is incredibly elaborate, and evidently has a ghost story to go along with it! I should have gotten a picture.

[smirkymonkey]

28. That would be my guess

however you will get more for your money in SF - Square footage wise, I would think NYC (Manhattan) is the most expensive.

I have lived in both cities and I could afford to have a nice 1 BR apartment in San Fran, but no way could I afford it NY - not yet anyway.

[Deja Q]

4. Everywhere

I'm sure that, thanks to low interest rates (a bubble that's about to burst and leave a messy goo all over the place), even slum property has skyrocketed in price.

When the bubble bursts, people are going to be in a lot of trouble. It's nice that interest rates had dropped. That's why housing prices skyrocketed and that could also be a factor (oil being another) why everything that isn't loan-related (food, clothing, et cetera) has gone up in price.

And if all those home loans are at a fixed rate, something else is going to have to compensate.

[Guy_Montag]

5. London - I think

I know you were thinking US, but London is just silly prices.

1 bedroomed flat, £179,500, needs improvement

http://www.findaproperty.com/cgi-bin/agent.pl?agentid=0553&opt=prop&pid=178944

& only 20 years left on the lease, so after 20 years it doesn't belong to you any more - how fantastic is that!

[bearfan454]

7. That's f*cked up.

It is.

[Guy_Montag]

12. I just wish I owned the freehold on that place

then I'd be the one getting the flat, I guess then I would own the freehold to the whole block too - lovely.

[ldf]

6. manhattan?

there was a news segment on one of the local tv newscasts about six months ago stating that the upper westside had finally sold a more expensive "typical" three bedroom apartment for more than upper eastside costs.

how much? 3 million. that is an aparment, folks.

:wow:

of course i'm sure it was VERY nice. it probably even had a bathroom and a half.

:eyes:

then there is always the luxury apartment on the 91st floor (highest private living space in the world) of the new trump tower close to the UN, that is selling for 60 million.

the gap between the rich and the poor just gets bigger and bigger. but obviously we don't work hard enough to deserve anything resembling the "good life".

:mad:

[DS1]

11. That must be 91st floor by Trump counting standards

:eyes: <- this doesn't do justice to my current eye rolling.

It's probably no higher than 60 floors.

[TXlib]

20. Gap between rich and poor

the gap between the rich and the poor just gets bigger and bigger. but obviously we don't work hard enough to deserve anything resembling the "good life".

It may be that the rich are getting richer, but how bad off are the poor in our country?

Aside from the homeless, most of whom have been abandoned by a mental health system badly in need of overhaul, how bad off are those below the poverty line in this country, compared to other countries?

I ask because I am genuinely ignorant...

[ldf]

27. compared to other countries

i suppose, compared to some third world countries, the poor in america have it great.

let's celebrate!

i think my point is how the rich are getting so much richer.

i know you know, but just think. a billionaire has 1000 million dollars.

and now some of the rich are worth 50 or 60 billion, even more. many of them here in the good 'ol us of a.

it's almost like once you hit a certain level it begins to multiply exponentially.

just how much money does it take for someone to have enough?

and it's not because they are THAT much smarter, or work THAT much harder.

more than likely most of them inherited it. (yeah, i know a few did make it all on their on....)

edited to note that i am FINALLY out of that damn 700 club.

[TXlib]

29. Inheritance

People who have tens of billions of dollars earned it; they didn't inherit it.

Typically, they busted their asses to build up a company, then they took it public, and the stock market rewarded their effort. That's part of the American dream.

I don't resent the wealthy for their wealth, if they were reasonably scrupulous in making it.

Nor do I worry about the gap between the rich and the poor. Does that metric tell us anything useful? The only statistic along those lines that is meaningful to me is how the poor in this country are doing. I don't determine my well-being by comparing myself to my neighbors and coworkers. Nor do I think we ought to do so as a society.

We do have a shameful homeless problem, largely a result of a broken public mental health system.

But compared to many other countries, my impression us that the working poor in this country mostly have a roof over their head, have utilities, have groceries, and live in relative peace. If my impression is mistaken, kindly point me to the relevant website.

I know we can do better in many areas. But I don't believe in the politics of greed and envy.

[boxster]

8. La Jolla, California.

It's been at the top of the past couple of "most expensive place to live" lists.

Edit: most expensive place in the U.S., that is.

[fudge stripe cookays]

23. That was going to be my guess... n/t

[lpbk2713]

9. Palm Beach, near the water

if you can find one.

[DS1]

10. In the U.S. I'd guess Diamondhead HI, on the water

I went to a party that was next door to Tom Sellek's house in the '90s, and holy shit what a place. There was a brief walk down the hill to a little private bay, and if the water wasn't warm enough there was an outdoor jacuzzi running 24/7, lit up by the gas torches lining the path.

[cliss]

13. I've heard that Honolulu

is up there. Anywhere in Hawaii, I guess.

[thestatusquo]

14. Potomic, Maryland and Beverly Hill, CA

[Gothic Sponge]

15. Long Island

[No Mandate Here.]

16. Aspen Colorado

nothing under seven figures- including double wides.

[sleepyhead]

17. Ny Times today

The average - average!!! - price of a Manhattan apartment has just topped $1 million. Guess I'll be staying in Brooklyn for the foreseeable future.

[NMDemDist2]

18. Hawaii, hands down

[Mz Pip]

19. In our neighborhood

a 2 bedroom 1 bath fixer upper went for 429K. The lots are small, too.

I live in the San Francisco Bay Area.

MzPip
:dem:

[TXlib]

21. For our home in Houston

In the NW suburbs, we paid $127,500 (including a 3% seller's contribution to our closing costs) for a 2,200 sq ft home, built in 1986.

[SOteric]

24. Coldwell Banker says...

http://money.cnn.com/2003/10/21/pf/yourhome/homepricecomparison/

[boxster]

25. Yep, hence my answer above.

I love La Jolla, but the traffic there is getting insane.

[Kat45]

26. The Boston area is way up there.