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Housing developer, Patrick Kennedy, is a small space lover and is aiming to develop the smallest apartment allowed by California code. At around 160-square-feet not a single inch goes unused and everything is multi-purpose. He's given his residential response to the Smart Car a spin — watch the video below to find out what works great, and what just cramps his style.
How much housing you can buy with a million dollars very much depends on what city you are looking to buy in.
According to Knight Frank data cited by CNBC's Robert Frank, a million dollars goes a lot further in Cape Town than it would in Monaco.
But what about in the U.S.?