DIDJA KNOW....L.A. IS THE 2ND MOST EXPENSIVE CITY IN THE U.S.

New York City topped a new list of America's most expensive cities, with our lovely Los Angeles coming in second place, according to Forbes magazine's study of the world's most expensive cities.

Location has a lot to do with why New York and Los Angeles top the list. L.A. remains expensive in part because of people's desire to live in the city's warm, Mediterranean climate, and because of our long, expensive commutes.

Out of 253 major metropolises around the world surveyed, New York ranked 22,and L.A. ranked 55.

Orignal post from: http://www.santamonicapropertyblog.com/?p=370

For the whole story go to:
http://www.forbes.com/home/2008/07/23/cities-america-expensive-forbeslife-cx_ls_0724expensive_us.html