I live in the mid-west of the United States. I found the following story on Yahoo and find it hard to beleive that they have three offers already.
"London and the 77-square-foot former storage room — slightly bigger than a prison cell and without electricity — is going for $335,000 USD"
It is estimated it would take another $59,000 USD to fix it up to be liveable. And it is in a basement. Location is one thiing but........
That much money would buy a lot of property where I live.
Does this mean you couldn't touch this closit for less than $1,000,000 USD in ten years.
2007-01-24 02:40:16 · 4 answers · asked by John B 5 in Business & Finance ➔ Renting & Real Estate
london is a HUGE CITY compared to what the mid-west holds. there for cost of living is a LOT more. i live in london for ten weeks and we were told a lot of people just have little space heaters in there rooms to stay warm cause they can't afford to heat the whole house.
2007-01-24 02:49:42 · answer #1 · answered by smile182 3 · 0⤊ 0⤋
the people who live and work in that part of london earn fantastic wages to buy this sort of property
2007-01-24 10:52:06 · answer #2 · answered by dumplingmuffin 7 · 0⤊ 0⤋
Unbelievably yes. The place is located in the center of it all.
It is a crime
2007-01-24 10:47:33 · answer #3 · answered by Anonymous · 0⤊ 1⤋
It is severely inflated. It will come back down to normal. What ever you do DON't buy it :)
2007-01-24 10:47:42 · answer #4 · answered by Matt P 2 · 0⤊ 0⤋