When I was younger, I’d hear things like “a quarter of a million dollars” and marvel at how much money that must be. Oh, how times have changed! Most of the real estate in my own neighborhood goes for at least twice that, and plenty of the houses just blocks away from my own last sold for far more than a million!
If I had a million bucks, I’d invest the crap out of it in low-risk investments that would sit untouched until it came time for me to retire. I do plan to save up a cool mil, but writing isn’t exactly a profession that nets you sick windfalls unless you’re a J.K. Rowling or a Stephen King. I’m working on it, all right?
So what does one million dollars buy you these days? Forbes had a great slideshow on its web site illustrating what you can get for that sum around the U.S. The pic above is what you can buy in San Fransisco: a 3-bedroom pad with views of the Bay.
In Manhattan, it’s an apartment, natch.
In North Dallas, you get a 5,522 square-foot home. Big!
In Chicago, it’s five bedrooms and three bathrooms, circa 1893.
I rather like the fact that in some parts of the country, one million bucks doesn’t buy you much more than we bought for a third of that in beautiful Beverly, MA. At least I know that we eked our money’s worth out of our real estate purchase. I say, enjoy what you have and don’t worry about what other people are buying for whatever you paid for your house. Prices are in some sense arbitrary, so rock what you’ve got!