I thought this was an interesting article comparing how much space you can buy for $1 million bucks in different cities around the world.
Would you spend $1 million to live in 161 square feet? Apparently somebody will. It all depends on the three most important rules of real estate. Location! Location! Location!
No Nonsense Landlord says
Mighty small place for 161 sq ft. I rent 1100 sq ft places for ~$1,050.