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Why is Cali so cheap, beverly hills, Holmby hills, Bel air, et.c?
I live in NYC, in Manhattan and I go to the UN school. My dad wants to buy a house in the west coast instead of a house in Easthampton. But why are houses in Beverly hills so cheap? I always thought that Beverly hills was supposed to be really expensive. Ok heres the deal, we live in small brown stone (3,000 sq ft) in Manhattan, our house cost 6 million, My dad wants to buy a huge 7,000 sq foot house in Beverly hills for 4.5 million. I mean the house looks really nice, and the area looks really nice but why is it cheaper than NYC?
I mean here in NYC a brownstone thats is 10,000 sq ft is 50 million. A brownstone that is 7,000 sq foot is like 20 million. I don't get it?
jeez people in barely 14 and even my dad said that LA is cheap... atleast cheaper than NYC
get real
It's economics 101: supply & demand. There is less space in Manhattan, so you pay more for it than you would in LA.
Many of the homes in Beverly Hills & Bel Air are very nice, but not as lavish or huge as people would believe them to be. Some look totally ordinary. Taken out of Beverly Hills & Bel Air and put in Atlanta they'd probably be like $600,000 rather than $4.5 million. A $4.5 million house in those areas will be nothing to scoff at, but it won't be the kind of house you'd see in all the shots of BH you see in movies. Holmby Hills has the more exclusive homes. Like in the $100 million range. I wouldn't shrug my shoulders at that or call it cheap.
Anyway, if you do come here, you should know that the kids don't usually talk about real estate prices. I only know because of what I studied in economics & the rents house-hunting. It's a faux pas to discuss your parent's money.
UN is an awesome school, btw, but in the future you might not want to reveal personal info like that online. There are all kinds of icky, freaky pervs & predators on the internet, and it's never wise to let them know where you go to school.
Peace
Adrian Sina feat Beverley Brown - I can't live without you (official video HD)