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World's Most Expensive Cities...

post #1 of 25
Thread Starter 
Interesting...wonder places like Aspen and Whistler stack up. I saw a place in an Architectural Digest recently...the place, at Whistler, was $17 million USD.

The 10 Most Expensive Cities in the World

1 Oslo, Norway
2 Tokyo, Japan
3 Reykjavik, Iceland
4 Osaka-Kobe, Japan
4 Paris, France
6 Copenhagen, Denmark
7 London, UK
8 Zurich, Switzerland
9 Geneva, Switzerland
10 Helsinki, Finland


The 10 Least Expensive Cities in the World

117 Taskent, Uzbekistan
120 San Jose, Costa Rica
121 Dhaka, Bangladesh
122 New Delhi, India
122 Tripoli, Libya
124 Asuncion, Paraguay
124 Mumbai, India
126 Karachi, Pakistan
127 Manila, Phillippines
128 Tehran, Iran

Source: The Economist Intelligence Unit
post #2 of 25
As cities go, Whistler and Aspen are a litte small.
post #3 of 25
i would say that Aspen is too small to be considered a city. we have about 2500 full time residents.

i did read that our average 2000 square foot home price is 1 million dollars. I don't know how that stacks up. We have sales of 20-30 million dollar properties each year. FYI
post #4 of 25
most expensive what???? captia of population? buildings? streets paved with gold? etc?
post #5 of 25
There was an article in the JH News and Guide recently that stated Pitkin county(Aspen), Teton County(JH) and Marin County(just north of SF) were once again the most expensive counties to live in the US.

I think I read recently that Palm Beach(FL) was the most expensive town. The county would rank high but it includes West Palm Beach, across the bridge, where people like you and me would live.
post #6 of 25
The list doesn't appear to be accurate....Moscow, Russia is not included

Here are the links to the world's most expensive cities in 2005:

http://money.cnn.com/2005/06/21/pf/costliest_cities/

http://www.finfacts.com/costofliving.htm
post #7 of 25
Like the ski mags with their silly top 50 things there are lists and there are lists. CNN is a very credible source but how can you go against the "Economist Intelligence Unit" or EIU for those familar with this sort of thing.

If you sold your house in let's say Aspen, can you imagine the sweet digs you could buy in Tehran, Iran. Is the words "really nice palace" popping in your head. lol
post #8 of 25
Quote:
CNN is a very credible source but how can you go against the "Economist Intelligence Unit" or EIU for those familar with this sort of thing.
2 links vs 1?! Something makes me think that EIU's list is wrong...
post #9 of 25

Marin Co.

I dunno where this ranks, but a typical 3BR/2BA home with about 1800sq.ft. in most areas of Marin runs about $950,000-1,200,000. A nice 2/1 with 1250 sq.ft. runs about $700,000-900,000.

Marin is about 520 sq. miles and only has 250,000 people. When you're 5-15 miles from SF, and at the bottom of Mt. Tam, it's a pretty nice place to live. That being said, there are many other places that are closer to skiing, nicer and less expensive.

I just happen to like it because it's close to my job and family, and because when I finally sell my house, I'll be able to afford a nice place to retire in the mountains and/or by the beach.
post #10 of 25

bubble trouble

hey Dino You best keep your wits about you as many say that if the bubble does burst, the San Fran area will be ground zero. :
post #11 of 25
Thread Starter 
Quote:
Originally Posted by skyrocket101
The list doesn't appear to be accurate....Moscow, Russia is not included

Here are the links to the world's most expensive cities in 2005:

http://money.cnn.com/2005/06/21/pf/costliest_cities/

http://www.finfacts.com/costofliving.htm

post #12 of 25
Quote:

Link this, skylab:

Oslo 'priciest city in the world'-BBC

And for that matter...

Vancouver is 'best place to live' - BBC

Get this Old Man it's well known that Vancouver BC is the best city to live in and I realized that you just posted the link where you got your information. If you do a google search then you will come up with completly different results, which are for 2005.
post #13 of 25

Marin isn't SF

Quote:
Originally Posted by JHrefugee
hey Dino You best keep your wits about you as many say that if the bubble does burst, the San Fran area will be ground zero. :
Yeah, I'd agree that SF is overpriced, but Marin is actually a slightly different market. If the bubble bursts in Marin, the more expensive houses, i.e. from $1.2-1.5 to $2 million, typically have 0 appreciation or less than 10% price decreases from the top of the market. The bigger/more expensive the house, the bigger the fall.

We're in another league as we're still entry level in Marin, and our house has appreciated nearly 60% in 5 years. That being said, I'm certainly not planning on 12% appreciation/year, and, for purposes of calculating retirement, I'm not counting on any appreciation from current real dollar values AT ALL.
post #14 of 25
Quote:
Originally Posted by JHrefugee
If you sold your house in let's say Aspen, can you imagine the sweet digs you could buy in Tehran, Iran. Is the words "really nice palace" popping in your head. lol
hmmmm,, there is skiing in Iran ... http://www.skifed.ir/slopes3.asp
i predict a run on high end iranian real estate, invest now:
post #15 of 25
While Iran does have skiing, they also are building a heavy water reactor whose only real purpose is to create plutonium. Not exactly a winning combination for property values.

Mike
post #16 of 25
I wonder where Andorra fits into this. I read that the skiing is great and the property is reasonable.

After reading this thread it kind of puts Park City real estate in perspective. We can't believe how many NY or CA folks come in and snap up the real estate for second homes, at what we consider extremely high prices. I guess it is still a pretty good deal.
post #17 of 25
Quote:
Originally Posted by OldSchool
Interesting...wonder places like Aspen and Whistler stack up. I saw a place in an Architectural Digest recently...the place, at Whistler, was $17 million USD.

The 10 Most Expensive Cities in the World

1 Oslo, Norway
2 Tokyo, Japan
3 Reykjavik, Iceland
4 Osaka-Kobe, Japan
4 Paris, France
6 Copenhagen, Denmark
7 London, UK
8 Zurich, Switzerland
9 Geneva, Switzerland
10 Helsinki, Finland


The 10 Least Expensive Cities in the World

117 Taskent, Uzbekistan
120 San Jose, Costa Rica
121 Dhaka, Bangladesh
122 New Delhi, India
122 Tripoli, Libya
124 Asuncion, Paraguay
124 Mumbai, India
126 Karachi, Pakistan
127 Manila, Phillippines
128 Tehran, Iran

Source: The Economist Intelligence Unit
:
What's for sure is that renting or buying a flat in NYC and London is more expensive than in Paris ($, £ or € per sqfeet). From first hand testimonies. And that real estate prices in Val d'Isère are close to Paris , thanks to high income buyers from the UK and Russia...
I'm more convinced by the CNN ranking.
post #18 of 25
Quote:
Originally Posted by Dino
We're in another league as we're still entry level in Marin, and our house has appreciated nearly 60% in 5 years. That being said, I'm certainly not planning on 12% appreciation/year, and, for purposes of calculating retirement, I'm not counting on any appreciation from current real dollar values AT ALL.
While it's not as expensive here in Northern VA is it is in SF, in the 5 years we've been in our house, it has gone up about 120%. I'm curently looking for work in Denver and CO Springs, where, for the price I can get for my 1800 s/f house here, I can get a 4000-4500 s/f house and put $100k in my retirement account.
post #19 of 25
Quote:
Originally Posted by JohnH
While it's not as expensive here in Northern VA is it is in SF, in the 5 years we've been in our house, it has gone up about 120%. I'm curently looking for work in Denver and CO Springs, where, for the price I can get for my 1800 s/f house here, I can get a 4000-4500 s/f house and put $100k in my retirement account.
Yep--that's a nice advantage that I share as well. The last 13 years have treated me well in terms of appreciation. Of course, the flip side of property tax increases are driving me wild.
post #20 of 25

Are you white/Christian/conservative?

Quote:
Originally Posted by JohnH
... I'm curently looking for work in Denver and CO Springs...
I hear Colorado Springs is a tough community if you are not white/Christian, if not also conservative.
post #21 of 25
Thread Starter 
Quote:
Originally Posted by philippeR
:
What's for sure is that renting or buying a flat in NYC and London is more expensive than in Paris ($, £ or € per sqfeet). From first hand testimonies. And that real estate prices in Val d'Isère are close to Paris , thanks to high income buyers from the UK and Russia...
I'm more convinced by the CNN ranking.
Hmm...

The Economist versus CNN + some anecdotal evidence

...Nothing personal, but I'll go with The Economist.
post #22 of 25
Thread Starter 
Quote:
Originally Posted by JohnH
While it's not as expensive here in Northern VA is it is in SF, in the 5 years we've been in our house, it has gone up about 120%. I'm curently looking for work in Denver and CO Springs, where, for the price I can get for my 1800 s/f house here, I can get a 4000-4500 s/f house and put $100k in my retirement account.
Do you know what you'd be getting into in Colorado Springs?
It's great if you're a hardcore evangelical Christian, but if not - well, do you know?
post #23 of 25
Quote:
Originally Posted by OldSchool
Hmm...

The Economist versus CNN + some anecdotal evidence

...Nothing personal, but I'll go with The Economist.
No offense taken.
As far as real estate is concerned, I stand by my comment.
The cost of living goes beyond that. And the Economist may be right.
post #24 of 25
if this thread is anyone's idea of a 'ski discussion, it clears up, for me, why there are so many cheesy skiers in the world.....
post #25 of 25
DC & AC must be on vacation. There are many threads that belong in the Gear, Instruction and Resorts forums.

No one with a broom to do housekeeping.
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