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Old 03-28-2016, 01:12 PM
 
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I'm curious what is the area of a city or stretch of land that is the most expensive to own and buy a home in

Would it be somewhere in Malibu or calabasas ? Or perhaps la jolla ?
I'm sure the hillside views of the Lake in Austin are right up there too
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Old 03-28-2016, 01:21 PM
 
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Manhattan. A city lot could cost $500 million+ if in a prime area.

Of course it's highly unlikely someone would build a traditional SFH on a Manhattan lot, but that would be the most expensive place to build one.
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Old 03-28-2016, 01:25 PM
 
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It just so hard to wrap my brain around why New York City specifically Manhattan is so expensive , for the majority of the cities with expensive rent there's a weather factor to it , can't think of many people if they had the money would endur a New York winter over California weather or Florida
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Old 03-28-2016, 01:28 PM
 
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Quote:
Originally Posted by tfriss92 View Post
...for the majority of the cities with expensive rent there's a weather factor to it
Really? Based on what?

London and Paris are the most expensive European cities and have crap weather. Italy and Spain and Greece have beautiful weather and are comparatively cheap.

Not seeing some global trend of sunny/warm areas having higher real estate prices. If anything the opposite is true. San Diego has the best U.S. weather and isn't particularly expensive. It's much cheaper than the Bay Area, which has comparatively crap weather.
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Old 03-28-2016, 02:01 PM
 
Location: The City
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Quote:
Originally Posted by tfriss92 View Post
It just so hard to wrap my brain around why New York City specifically Manhattan is so expensive , for the majority of the cities with expensive rent there's a weather factor to it , can't think of many people if they had the money would endur a New York winter over California weather or Florida


NYC is truly one of the very few real Alpha cities (not the category in the study meaning the say top 5 cities in the world). People re not selecting these places for weather but for what the city offers which is unmatched in the US


location and value are what they are, heck people pay millions on the Jersey shore for small lots in some towns


I find it strange that many people in CA reference the importance of weather. Honestly there are some amazing days weather wise in NYC, and some not o but the weather I not the reason its so expensive. Even in CA the coastal elite towns are driven by location moreso then by weather. If weather drove prices why is the inland empire so much cheaper etc


And to be honest and spending th4e majority on the EC (most in Philly with nearly identical weather to NYC by the day) I find summers many times to be more difficult to endure then winter though there are some nasty winter days. Honestly probably 300+ plus days a year the weather isn't tough to endure at all
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Old 03-28-2016, 02:14 PM
 
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What is the inland empire ?
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Old 03-28-2016, 02:33 PM
 
Location: Arvada, CO
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Originally Posted by tfriss92 View Post
What is the inland empire ?
A place without particularly expensive land.

Riverside/San Bernardino counties, typically south of the San Gabriel Mountains, southwest of the San Bernardino Mountains, and west of the San Jacinto Mountains. One can include the mountain communities, and the Victor Valley, but not always.
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Old 03-28-2016, 03:28 PM
 
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The most expensive piece of land in the U.S. and world right now is a vineyard in Beverly Hills aptly called The Vineyard. It's 157 acres of undeveloped hilltop off Benedict Canyon and selling for approximately 1 billion dollars.
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Old 03-28-2016, 04:25 PM
 
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Originally Posted by allenk893 View Post
The most expensive piece of land in the U.S. and world right now is a vineyard in Beverly Hills aptly called The Vineyard. It's 157 acres of undeveloped hilltop off Benedict Canyon and selling for approximately 1 billion dollars.
Dear lord
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Old 03-28-2016, 06:04 PM
 
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Originally Posted by allenk893 View Post
The most expensive piece of land in the U.S. and world right now is a vineyard in Beverly Hills aptly called The Vineyard. It's 157 acres of undeveloped hilltop off Benedict Canyon and selling for approximately 1 billion dollars.
Not true. There is no recorded sale in Beverly Hills for anywhere close to $1 billion dollars.

The most expensive recorded sale in Southern CA was actually in LA, and was for $94 million.
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