Thursday, August 03, 2006

Design over Location?

The cost of design...

In this case, it is more like the cost Real Estate and its three main principles:

Location
Location
Location

Basically any decent location in places like New York, Paris, London, Rome, Los Angeles and other metropolitan areas are just so coveted that it is really hard to find anything that is reasonable priced.

Is $3000 a month for a basic two-bedroom apartment with no living room in New York City obnoxious or what?

The worst part about it is the demand is high enough that developers see no reason why their supply should not exceed record prices. Nowadays, every price has to be over the top, even when the design is below par.

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