Lowell Deeds

The latest on real estate recordings and new technology from the Middlesex North Registry of Deeds in Lowell

June 29, 2006

Moscow Takes It

by @ 6:43 am. Filed under Real Estate

It’s Moscow over Tokyo…for the questionable distinction of being the most expense city in the world. Tokyo, last year’s winner dropped to third place in the world’s “I can’t afford to live here anymore” category. Seoul, South Korea was second to Moscow. No, you’re not confused, I am talking about the capital of Russia…yes, the same place that has an average January temperature of 16 degrees and average July temperature of 63 degrees. If you think the cost of housing in Massachusetts is high listen to this… according to Associated Press the cost of homes doubled in Moscow “last year”. Moscow has a population of 11.2 million people and has more billionaires than any other city in the world. New York was the only American city to even place in the top ten. Los Angeles and San Francisco were the other two big US money cities. In case you’re wondering, our Boston didn’t even make the top fifty…so the next time you pay $30.00 bucks for parking to see the Red Sox, just think… if you were in Moscow you would probably be shelling out $60.00 or 1,200 rubles.

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