What does $1M buy you these days? Not much
Having a million dollar home ten years ago meant something... today? As this Forbes slightshow will show you, it doesn't buy you much.
"According to a Census Bureau survey published in 2005, the number of million-dollar, owner-occupied homes in this country has nearly doubled since 2000. In fact, this segment of the housing market has grown so large that the Census changed its top home-value category from "$500,000 or more" in 1990, to "$1 million or more" in 2000. Topping that Census list was the state of California, with 4.1%--almost one out of every 25--of its homes priced at or above the $1 million mark."
