Home › News ›

Million-dollar Homes No Longer Bring Bragging Rights

Posted by: Chris Steins
Thanks to: Chris Steins
27 February 2004 - 5:00am

The real estate market is so inflated that in a few cities across the country, million-dollar homes are common.

"A report from the Joint Center for Housing Studies at Harvard University says owner-occupied, single-family homes costing $1 million or more have become downright common in some cities... California accounts for 41% of the million-dollar homes identified by the Census, followed by New York at 7.1%, Florida at 5.8%, Connecticut at 4.4%, Illinois at 4%, New Jersey at 3.8%, and Texas and Massachusetts, both at 3.2%."

Full Story: Million-Dollar Homes: Now a Dime a Dozen?
Source: Wall St. Journal, February 25, 2004
»
Bookmark and Share
“
However, the political reality since the Ronald Reagan/Margaret Thatcher years has promoted the individual pursuit of happiness while systematically clamping down on planning—even if it means that one’s single-minded pursuit of happiness might contribute to unhappiness for themselves and others around.
”