Elizabethan England RE prices

OK–this is a weird post, but I came across this factoid this week. Apparently in late Elizabethan England, real estate prices were set at somewhere between 12 and 14 years of rent, with 14 years seen as a “good price.”

By this rationale, an apartment in Park Slope that rents for $2500 should sell for about $360,000, so a PS townshouse would sell for about $720,000. Just throwing this out there.

By Minmin | 02/13/2009 5:15 PM