What are the most expensive pieces of real estate?
Currently on the market, that is. Here is the list, along with a separate tally of top “equestrian properties.” Oddly there is only one of the homes that I would prefer to my current (modest) abode in Fairfax, Virginia. I simply do not wish to live in Aspen, Palm Springs, Palm Beach, or Long Island, no matter how luxurious the quarters. If I had billions, I would buy in New York, Los Angeles, Freiburg, and Mexico, and otherwise opt for hotels.
You may notice that the post is from a new and intriguing economics blog, CommonKnowledge.blogs.com, run by two graduate students out of our own George Mason.