London Real Estate Browse

[juli17 at aol.com]

bboyminn:

For those who haven't taken the time to figure that  out
it is 8.6 feet square. That is the size of a very  small
bedroom.

As to the prices in Los Angeles, I suspect that  depends
on whether the place is IN Los Angeles or just /near/  Los
Angeles. I've seen small cottages in LA that were a 
million  dollars. I'm sure outside the city in some of the
more residential working  class suburbs, you can get more
than a cottage for $1,000,000. Also, I'm  under the 
impression that Los Angeles city real estate is  very
volitile. If the market is hot, shacks are selling
for a million.  If the market is cold, people are
losing their shirts on shacks they bought  for a 
million dollars. I suspect London real estate is a
better  investment.
 
Julie:
Actually, Los Angeles real estate is relatively stable. Yes, it
goes up and down in tune with the market, but not so much
as in other areas of the U.S. Whether you'd end up losing 
your shirt or not often depends more on what type of mortage
loan you take out. And Los Angeles, like most large cities,
is all about the neighborhoods. There are moderately priced 
homes (for that market anyway) and there are one bedroom
cottages for more than a million (usually on or very near the
beach). That old adage is nowhere more true than in  California...
location is Everything!
 
 
 
Julie 
(in Orange County, which is near Los Angeles--to the  south--
and generally *more* expensive, which is why I'm very glad I
bought before the market surged to prices beyond the means
of average people like me)
 

 


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