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What One Million Dollars Might Buy You In Santa Monica, California

one million.jpg

I only suggest that because this little shack on 11th and Alta went for two million.

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And the paint is peeling! For two million dollars, you don't even get a fresh coat of paint!

Posted by aalkon at May 27, 2005 9:26 AM

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So many of the Californians are selling their $million homes and moving up here to the Pacific Northwest- we have several communities of $million+ homes going in everywhere, but that'll get you 10,000 square feet with a great view of the lake. Forget about lake access anymore- that'll get you a house like the one pictured. A few years back they were in the ~ $300k range.

Smells like a bubble to me. How can people starting out begin to afford these houses?

Posted by: eric at May 27, 2005 8:46 PM

Just another place I will not be buying a home. I'm currently living in a city (Paris) where I can afford the prices either.

Posted by: Flare at May 29, 2005 1:15 PM

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