Tuesday, April 10, 2007

The most expensive postcodes in the US – still a bargain compared to us

Big incomes, bigger houses

I used to live in Greenwich, Connecticut, in a 1,500 sq. ft. apartment overlooking Long Island sound. The postcode 06830 is one of the most exclusive in the USA and the median income (and trust me, median is almost as misleading as mean) was over $500,000 (GBP500,000 when using PPP (see comments)... ). e.g. My 33 year old boss had made USD5m 2years before and he lived in a 3,000 sq.ft apartment. Each apt cost far less / sq.ft than your average "house" in London. New England is realtively crowded for the USA. Yet they are in house price crash trouble. What awaits us here in Overpriced UK? (Hint JAPAN)

Posted by lvmreader @ 07:45 PM (436 views)
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One thought on “The most expensive postcodes in the US – still a bargain compared to us

  • It’s an advert for a yuppie pad .

    Uh ?????

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