Wednesday, June 06, 2007

A $3,000,000 PICTURE

I call them houses. The people who really understand how to make money call them an industry. More precisely "real estate industry". To me they are still houses. And this is what happen today to a beachfront house here in Hermosa. Tiered down ...... now guess how much this small piece of land covered by all type of cr-p is worth? I would say 3 million US dollars. Yes. It is completely crazy. I know. They will build a house of wood that will cost probably 150K top. And they will sell it for something like $4 - 5 millions. Probably the guys who call all this an industry are just right. Houses are not anymore the place where people live, are pieces of an industry. True, but sad.

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