A million reasons not to move to New York
What does a million dollar house look like? Three car garage, 6,000 square feet, pool in the basement, and an included chef that will cook you lasagna anytime you want it? Well thats what I would want if I paid a million dollars for my house. What about a million dollars for a one bedroom apartment in Manhattan? I can't even imagine forking out that kind of dough for the bare minimum. According to a recent Census Bureau survey shown in this article, over a million houses in the United States are now selling for over a million dollars. These are not all opulent houses that you would expect in the Hamptons or in Laguna Beach. A one bedroom apartment in downtown New York is going for a million dollars. Sure location is everything when it comes to Real Estate, but a million dollars? This is more of a FYI article than anything. I just can't believe that the price of certain locations with respect to real estate is going up as high as it is. In order to live a decent lifestyle in certain locations, you are going to have to have a pretty hefty bank account.
Posted by destiny at 9/28/2005 10:13:00 PM