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$20M for 2.4 acres


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2013 May 17, 6:10am   786 views  0 comments

by Bellingham Bill   ➕follow (2)   💰tip   ignore  

http://www.redfin.com/CA/Los-Angeles/10701-Bellagio-Rd-90077/home/6826950

At $50,000 per year, it would take someone 400 years to earn that much money.

Funny how that $20M is buying something with a cost of production of . . . ZERO.

Real estate is not like any other good.

#housing

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