DIDJA KNOW….L.A. IS THE 2ND MOST EXPENSIVE CITY IN THE U.S.

August 12, 2008 on 11:22 pm | In Fascinating Information, For Your Purchasing Pleasure, Of Local Importance, Uncategorized, WOW |

New York City topped a new list of America’s most expensive cities, with our lovely Los Angeles coming in second place, according to Forbes magazine’s study of the world’s most expensive cities.

Location has a lot to do with why New York and Los Angeles top the list. L.A. remains expensive in part because of people’s desire to live in the city’s warm, Mediterranean climate, and because of our long, expensive commutes.

Out of 253 major metropolises around the world surveyed, New York ranked 22,and L.A. ranked 55.

For the whole story go to:
http://www.forbes.com/home/2008/07/23/cities-america-expensive-forbeslife-cx_ls_0724expensive_us.html

 
Los_Angeles

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  1. What is the world’s most expensive city?
    Berlin? Tokyo? London?

    Comment by OPB — August 12, 2008 #

  2. So, you’re saying that virtually anyplace else in the country is more affordable? I don’t have to move to North Dakota?

    Comment by Mean Green Machine — August 13, 2008 #

  3. NYC still rules.

    Comment by Bug Vulture — August 13, 2008 #

  4. A Vintage Electric Guitar or Vintage Acoustic Guitar are not a true Antique Guitar.

    Comment by Vintage Electric Guitar — August 17, 2008 #

  5. California continues to see steady population growth, placing five cities on the list of the 25 fastest-growing large municipalities in the country between 2006 and 2007, according to new population estimates from the U.S. Census Bureau.

    According to the report, Victorville, Calif. saw a population increase of 9.5 percent to 107,232 in 2007, putting the San Bernardino County city second on the list of the nation’s fastest-growing large cities with populations of 100,000 or more. New Orleans ranked number one on the list, with a population increase of 13.8 percent to 239,124 after a seeing its population in 2005 dwindle to half in the wake of Hurricane Katrina.

    The other four California cities that made the list are Bakersfield; Irvine; Moreno Valley; and Visalia.

    Comment by C.A.R. — August 24, 2008 #

  6. All 25 metro areas tracked in a June home-price report reported a lower price per square foot than a year ago, real estate data and analytics company Radar Logic reported today, up from 23 areas in May.

    The market reporting the greatest decline in its price per square foot was Las Vegas, Nev., which saw a 30.8 percent drop to $121.17 between June 2007 and June 2008, according to the RPX Monthly Housing Market Report, which is based on values of a daily price-per-square-foot index during a 28-day period in June.

    Sacramento, Calif., posted the second-largest drop in June, down 27.8 percent to $155.71, followed by Phoenix, Ariz., down 26.9 percent to $115.28.

    The markets with the smallest decreases in price per square foot were Charlotte, N.C., down 0.2 percent to $100.62, and Columbus, Ohio, off 0.7 percent to $100.26.

    Comment by Inman News — September 6, 2008 #

  7. You can Live in California where…

    1. You make over $250,000 and you still can’t afford to buy a house.
    2. The fastest part of your commute is going down your driveway.
    3. You know how to eat an artichoke.
    4. You drive your rented Mercedes to your neighborhood block party.
    5. When someone asks you how far something is, you tell them how long it will take to g et there rather than how many miles away it is.
    6. The 4 seasons are: Fire, Flood, Mud, and Drought

    You can Live in New York City where…

    1. Y ou say ‘the city’ and expect everyone to know you mean Manhattan
    2. You can get into a four-hour argument about how to get from Columbus Circle to Battery Park, but can’t find Wisconsin on a map.
    3. You think Central Park is ‘nature’
    4. You believe that being able to swear at people in their own language makes you multi-lingual.
    5. You’ve worn out a car horn.
    6. You think eye contact is an act of aggression.

    Comment by Rsumm90328 — September 9, 2008 #

  8. The Los Angeles metro area topped the list of most-searched areas in the U.S. at Realtor.com in December, parent company Move Inc. announced this week.

    Chicago was second on the list, followed by the Riverside, Calif.; Phoenix, Detroit; Dallas; Tampa, Fla.; Philadelphia; San Diego, Calif.; and Boston metro areas.

    Some of those metro areas have also been hot spots for foreclosure. RealtyTrac, a foreclosure data company, reported that the Riverside metro area had the third-highest rate of foreclosure-related filings in 2008 among metro areas it tracks nationwide, while the Phoenix area was fifth on the list and Detroit placed 10th.

    Comment by Realtor.com — January 28, 2009 #

  9. Prices in Ireland were down 9.1% in 2008, and Similar bubbles have popped all over Europe. In Norway, prices are down 7.5%. France saw a 9.9% dip. Even Germany, with debt-conscious consumers that helped it avoid a correction, saw its housing market contract by 2.2% last year.

    But at the bottom of the heap lies the Baltic nation of Estonia. Once one of Europe’s fastest-growing real estate markets, property prices there fell by a massive 23% in 2008 after growing by 18% in 2007.

    Comment by Parmy Olson — March 5, 2009 #

  10. 10 Riskiest U.S. Housing Markets
    Even with hints of a housing recovery in some places, risky markets, dominated by nonprime mortgages, still prevail in a number of areas.

    Forbes magazine and Moody’s Economy.com surveyed the 200 largest metropolitan areas, adding up the number of loans to low-rated borrowers and dividing that sum by the total number of mortgages to calculate the percentage of each area’s market that is below prime.

    Here are the 10 metro areas with the highest percentages of nonprime mortgages, which makes them susceptible to defaults as unemployment rates continue to rise.

    Mission, Texas
    Detroit
    Miami
    Brownsville, Texas
    Merced, Calif.
    Lakeland, Fla.
    Bakersfield, Calif.
    Fort Lauderdale, Fla.
    San Bernardino, Calif.
    Visalia, Calif.

    Source: Forbes, Maha Atal (03/31/2009)

    Comment by Forbes, Maha Atal — April 11, 2009 #

  11. Every year, Money magazine rates America’s 100 best small towns to live. In the August 2009 issue, we were thrilled to see that 10 out of the 100 were
    Main Street towns. This year’s list includes Liberty, Mo.; Suwanee, Ga.; Medina, Ohio; Rochester, Mich.; Mt. Airy, Md.; Batavia, Ill.; Simsbury, Conn.; Pewaukee, Wisc.; Emmaus, Penn.; and Concord, N.H.

    Comment by Preservation Nation — August 11, 2009 #

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