A few months ago, my husband and I spent a Sunday looking at new construction homes in a neighboring town. We were unsure where our oldest son would be attending high school in the fall and were exploring all of our options. The area of the country that I live in has some of the highest housing prices in the country – Massachusetts is consistently ranked in the top five of most expensive states to live in according to the Council for Community and Economic Research’s Cost of Living Index. We live outside of Boston but still within commuting distance (if you consider 30+ miles commutable) and the towns we were interested in had strong school districts, so we knew our housing dollar wasn’t going to go too far. But even I was surprised at just how little nearly $1M gets you these days.

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