Not everyone can live the Home Alone life:

Aside from the quirkiness of this 90s film staple, another aspect of the movie that continues to captivate audiences is the question: just how rich were the McCallisters? The New York Times set out to find out by speaking with economists and professionals at the Federal Reserve. It turns out, according to the report, they were indeed rich — to the tune of being in the top 1%.

The article goes on to say that the McCallisters’ stunning home is proof of just how much money they have. The real house used for its exterior shots in the film is actually located on Lincoln Avenue in Winnetka, a Chicago suburb that happens to be one of the most expensive neighborhoods in the United States, the NY Times reports, citing Realtor.com.

At the time that the film came out in 1990, this massive Georgian-Colonial style home was affordable to only the 1%. It turns out, 32 years later, the house is still only within reach of the 1%, according to economists at the Federal Reserve Bank of Chicago, the NY Times reports. Three economists poured over data, including household incomes of the area for 1990 and 2022, the property value, mortgage rates at the time, taxes and insurance to come to this conclusion…

“In the middle of 2022, a similar house would cost about $2.4 million, based on the Zillow estimate for the ‘Home Alone’ house. A home of that value would be affordable to a household with an income of $730,000, which would be in the top 1 percent of Chicago-area households,” the economists said.

The house is key. It is large, expensive, and in a wealthy suburban neighborhood. It is not a McMansion; it is a mansion.

Can you have madcap Christmas capers that end well without a large expensive house? I would guess that an analysis of houses depicted in Christmas movies would show they tend to be larger than normal – this is common in movies and television.

Imagine Home Alone in a 1,000 square foot 1950s ranch home or a 1 bedroom apartment. Would it be better? Significantly different?