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.