Thursday, July 07, 2005

Million Dollar Mobile Homes...What?

USA Today has an article that details million dollar mobile homes in Malibu. This real estate market is getting way out of hand, especially in the West Coast, where people can justify paying million dollars on a mobile home where you don't even own the land, have to pay 'land rent', and banks don't lend money for mobile homes. Come on!! This is madness...and I thought Park Slope in Brooklyn was starting to get out of hand...So much for comps.


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