Apartments

[Ihateregistering1]

Where in the world do you live that $1500 a month is the cheapest you can find for a 1 BR apartment?!

I used to live in one of the wealthier areas of California, and I found a 2 bedroom/2 bathroom apartment with a fireplace and patio that was 3 blocks from the beach for $1950 a month. And this is in notoriously expensive California.

As someone noted earlier, even those places that are in the top 10 most expensive apartments that's only the median cost, which means a great deal of them will be cheaper than what is listed. Sure they might not be mansions, but them's the breaks if you want to live in the city.

 

[crimson5pheonix]

Well I live next to NASA in a 2 bedroom townhouse all bills paid for ~1200 a month. You just gotta look in the right places.

 

[davidmc1158_v1legacy]

Somehow this article seemed appropriate for this thread.

http://www.bbc.com/news/business-34676643

According to the Swiss bank, UBS, London is in the middle of a major housing bubble.
"London house prices are, in real terms, 6% above their 2007 peak. This compares with a national drop in house prices of 18%.

The decoupling of the London market is "even more drastic" considering that real average earnings have fallen by 7% since 2007."

It also listed Hong Kong, New York, Boston and Chicago as other cities they were expecting to have a housing bubble burst soon.

Should be interesting to see what unfolds over the next few years.