>but a comparable place is actually not that comparable I can agree with this. I mean like you say though, its a location premium. All things being equal, a

>but a comparable place is actually not that comparable I can agree with this. I mean like you say though, its a location premium. All things being equal, a beach house will cost more than a normal house. All things being equal, 1000sqft in the city will be more than 1000sqft out of the city. To some, being able to walk to a restaurant is priceless. Other's could care less. At the end of the day, there's a premium for proximity.