Would You Pay $1 Billion for This View?
LOS ANGELES — A property about to go on the market here consists of 157 acres of hilltop land in the coveted Beverly Hills 90210 ZIP code, a 10-minute drive from Rodeo Drive. With its 360-degree views, you can spot many of Los Angeles’s major landmarks in the distance, from Century City to downtown, and even — on a clear day — the Pacific Ocean. There are winding, private roads that lead to big, flat lawns the size of football fields.
This is a long article about the history of this mountain property in Beverly Hills, more interesting then I would have thought. If I did the math correctly, the $1 billion price tag comes out to around $6.3 million an acre. Anyway, this is probably another sign of a bubble in just about every asset class out there caused by central banks and their fiat currency printing.
Read the full story here...
https://www.nytimes.com/2018/07/28/business/billion-dollar-property-beverly-hills.html
Wow, what a beautiful place is this, If I have money to purchase this land mark, I would love to buy it, it's greenery and views is awesome.
Thanks for the comment, if I had the money I'd try to improve the world in a small way, not buy a small piece of land at an inflated price, but that's just me, cheers
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