I was watching a show yesterday on TV about what a certain price will get you in terms of living space in different locations around the U.S.
For instance, $600,000 in Phoenix, AZ gets you a nice 4 bedroom adobe house. In Charleston, NC it also gets you a lovely 4 bedroom house with a nice size yard. In NYC it gets you an alcove studio. That last one totally sucks but as they say, you 're paying for location. I refuse however, to pay that much for a studio. I don't care what the market rate is (in case you're wondering it is currently hovering around $1000 per sq. foot). I thought the other houses were very nice but then I got to thinking, what the hell would I do in Charleston or Phoenix? In Charleston I would be surrounded by Hee-Haw types and in Phoenix I would just sweat.
Then I got to more thinking, how much money would I need to live comfortably in either of these 3 places. The answer: $3,000,000. This is not me talking, this was the TV talking. For $3 million bucks you get lavish houses with pools or ocean views in Phoenix or Charleston respectively. In NYC you get 2 beds and a shit load of marble. One realtor called this dollar amount the amount you need to obtain the "Wow!" factor. To me, all those amenities are cool but a real "Wow!" factor is when I pay $3 million and the house comes with a something that maybe ex Governor Spitzer might pay for. At times like that, I'm glad I'm not in politics.
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