Sunday, July 10, 2005

Prices top $1 Million for Mobile Homes in Malibu

So it has come down to this, you pay $1 Million for a home and you are still considered "Trailer Trash".

Malibu, California is a place where the average list price for a single family home is a whopping big $4.4 million smackers. There on the other side of the tracks is the eyesore Point Dume Club, the local trailer park.

In the park a 2 bedroom, 2 bathroom mobile home is selling for $1.4 million. Two others have sold recently for $1.3 million and $1.1 million and there is a listing for $2.7 million.

I think Warren Buffett was right. It is time to get out of ocean front property in California.

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