I’m Paris Hilton’s Neighbor! (And I Don’t Understand the Local Real Estate Market)
With Paris Hilton temporarily under “house” arrest, the newsphere was abuzz of her new accommodations. Moving from a dumpy (albeit solitary) prison cell back to her luxurious 2,707 square foot, 4 bedroom, 3 bathroom, 1.7 million dollar home.
Google Sightseeing into the act, revealing her address is 1467 N. Kings Rd, West Hollywood. I live at 733 N. Kings — we’re practically neighbors! Now I know where to knock when in need of a cup of sugar.
Here’s another odd thing. I have periodic aspirations of purchasing real estate. I wouldn’t say I’m actively in the market, but I’m on a few realtor’s mailing lists, etc. Around here, 1 million gets you a nice condo. That’s about it. Not even a great condo, but a nice one.
Only a month ago, I went to a open house for a dumpy duplex (each a 1 bedroom) and it cost $1.1m.
So here’s the strange thing. 1.1m gets you crap. 1.7m — a difference of only 600k — gets you true millionaire lifestyle housing. That makes no sense to me. Another sign that this market is completely irrational.
Oh well, maybe Hilton will need a pool boy when she gets out.
June 11th, 2007 at 7:28 am
Our real estate agent explained it as this:
1.0 Million - property
0.1 Million - Improvements
———–
1.1 M condo
1.0 M - property
0.7 M - improvements
———–
1.7 M condo
0.6 million extra will pay for a lot of marble and Kohler faucets and japanese toilets.
June 11th, 2007 at 7:17 pm
I think before you were accepted as a pool boy you would need a painful visit to get waxed ala 40 year old virgin.
June 13th, 2007 at 9:13 pm
I don’t think she really lives in a 1.7m anything. You’re probably confusing that figure with her car.
July 10th, 2007 at 9:44 am
Paris Hilton enjoyed her first post-prison shopping spree last week. The hotel heiress - who arrived in Los Angeles after a relaxing beach break in Maui
July 22nd, 2007 at 11:34 pm
In June, Paris Hilton’s was dropped by her record label after lackluster sales of debut pop album Paris failed to impress music execs. The blonde beauty was said to be devastated over the decision.