ONE..MILLION..DOLLARS

We recently were musing about D Home’s annual Million Dollar Home issue, wondering in this day and age whether “million-dollar” wasn’t just a quaint throwback. Sort of like calling something the Cadillac of its class. And indeed, the recently released Census Bureau’s 2004 American Community Survey found 1,034,386 homes in the U.S. valued at $1 million or more. You can’t get a decent two-bedroom apartment on New York’s Upper East Side for a million dollars, and in Orange County, more than 46,000 houses are valued at $1 million and up. But Dallas, lovely Dallas, is still undervalued. Tax appraisals for Dallas, Denton, Tarrant and Collin counties combined list only 5,700 homes valued at $1 milllion plus. For now, our Million Dollar Home issue sounds just right.