The only thing easier than the weather to get a conversation started in California is to talk about real estate prices. Are you on the treadmill, when did you buy, how have you done? The difference between ridiculous prices and ridiculous profits is the difference between owning and renting.

However, California prices have nothing on the cost of real estate in London.

An apartment, located in the prestigious Knightsbridge neighborhood has come on the market for $335,000 dollars. Hyde Park and Harrods are an easy walk from your front door. Doesn’t sound too bad, does it.

The “apartment” is actually an electricity free dilapidated former storage room. Total square footage? 77, less than 9’ by 9’.

If you’re interested, it’s located at 18 Cadogan Place in London and real estate agent Andrew Scott will gladly take your call – or give you the complete tour. By the way, just for fun, that’s $4,340 per square foot. NOW, what would your home sell for?