Thursday, January 25, 2007

Forget California

Sure, I've known that California didn't have the highest real estate prices in the world, but that was just objective knowledge. Something like this really brings it home!





An apartment the size of a snooker table has gone on sale in London's up-market district of Belgravia.


The converted basement storeroom has not been used in 15 years, and
real estate agents estimate it will take $75,000 to renovate.



Despite its tiny size, it is still expected to fetch 170,000 pounds - more than $425,000.

Just to bring those not in the Commonwealth up to speed, according to Wikipedia a "snooker table" is "11ft 8.5in by 5ft 10in." Wow, I cannot imagine how this price possibly makes any sense. You couldn't have any kitchen or bathroom in the place or you'd have no space to live. It would be like living in a closet!



~Matt



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2 comments:

Mark Baker said...

Yikes! And I thought my condo was worth a lot.

Anonymous said...

That is insane.


Still lazy after all these years,

Aunt Bee