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In the first Austin Powers movie, the defrosted Dr. Evil unveils his plan to hold the world hostage for the sum of $1 million. An underling tactfully points out that a million bucks isn’t all that much these days. A new report by Harvard University’s Joint Center for Housing Studies documents one aspect of that economic reality. “A decade ago, million-dollar homes were uncommon,” the report begins. “This is no longer true.”
How many such homes are there? The study’s author, Zhu Xiao Di, draws on a couple of sources to address the question.
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