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Rental prices for luxury homes in Los Angeles
Hello. Just a question out of curiousity. Last night I watched Million Dollar Listing Los Angeles. On the show he said that he just rented his new construction luxury home for 45.000 USD a month for 2 years. Thats 1.080.000$ usd.
Is it really this crazy in LA? and does anyone have any clue what the profit would be after expenses is paid on a rental like this?
thanks