The irony behind an article I found while reading Realtor Magazine titled “Top 5 Priciest Places to Live” instantly caught my attention. As the title suggests, this column lists the top 5 most expensive housing markets in the United States. The market for residential properties in this country is in limbo, yet some cities are still pricey to live in. According to this article, the median price of a home in San Francisco is $625,000. At $109,000, this figure greatly contrasts the January 2011 median price paid for a home in Las Vegas [1]. Such a comparison sheds light on how hard some areas have been hit by the economic downturn.
Also, three of the top five cities in the Realtor Magazine article are located in California. As a California resident, I know first hand that this state is a pricey place to call home. However, I was still surprised to learn that that majority of the five cities listed in this article were in California.
[1] Wargo, Buck. "Price of Existing Homes at 20-year Low in Las Vegas - Tuesday, Feb. 22, 2011 | 9:42 A.m." Las Vegas Sun. 22 Feb. 2011. Web. 23 Feb. 2011. <http://www.lasveg assun.com/news/2011/feb/22/price-existing-homes-drops-20-year-low-las-vegas/>.
Although living in LA has so much fun for me,the living environment is actually not that good. I feel like that it is so packed and the traffic in LA is really bad. It always takes long to travel from one point to another. This makes me less willing to go out during weekend. When I studied in Bay Area before, the air is much better. :)
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