California’s Most Popular Town for Luxury Homes

July 31 (Bloomberg) -- It's the hottest real-estate market in California -- where a small patch of property can sell for as much as a Beverly Hills estate. Manhattan Beach is changing from a community of beach bums and bungalows to a destination for big money. Bloomberg goes to the beach to find out why pro athletes, hedge-fund execs, and celebrities are drawn to this four-square-mile city and are willing to wait months, or even years, to find a place in the sun.

MIT Lessons on Supply and Demand in the Digital Age
28:06 - MIT Initiative Co-Director Andrew McAfee and MIT Professor Erik Brynjolfsson discuss how the economics of supply and demand apply to the digital age. They speak on "Bloomberg Surveillance." (Source: Bloomberg)
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