This is how rich the Home Alone family is according to house price analysis
Well, what else do you have to write about the mother of all Christmas movies? alone at home? Well, then you end up with a recent data study by professional economists. How rich were the McCallisters? The smart minds at the Federal Reserve Bank of Chicago figured it out with an analysis of data that included housing prices.
It was already evident, as a child behind the television, that Kevin McCallister grew up in a wealthy family. It seems increasingly strange to us that parents did not realize that they had forgotten their child and then continued celebrating their holidays. But hey, maybe you have to be a little heartless to get rich.
House in Home Alone is for the richest 1 percent
“That’s it, Marv, that’s the silver tuna.“, says criminal Harry (Joes Pesci) during a home invasion to his partner Marv (Daniel Stern) about the McCallister villa. They then fantasize about valuable music equipment, videos, and jewelry that they can loot.
In reality the house is turned off. alone at home at 671 Lincoln Avenue in the Chicago suburb of Winnetka. According real estate agent.com One of the most expensive neighborhoods in the United States. In 1990, housing was only affordable for the top 1 percent of household incomes in Chicago, and that would remain the case today, according to economists at the Federal Reserve Bank of Chicago.
This is how rich Kevin McCallister’s parents are
Senior Research Analyst Max Gillet, Associate Vice President Cindy Hull and Federal Reserve Bank of Chicago Business Economist Thomas Walstrum presented The New York Times research on family prosperity alone at home. In fact, there are no half measures. They looked at data such as household income in the Chicago metropolitan area in 1990 and now, home values, mortgage interest rates at the time, and typical taxes and insurance.
In their research, economists assume that the McCallisters spend no more than 30 percent of their income on housing. Based on their analysis, they determined that the house would have been affordable for a household with an income of $305,000 in 1990. In 2024, that will be about $736,000.
What did they do?
in the christmas movie alone at home It’s unclear what exactly Kevin’s parents do, although the Internet believes the mother is a fashion designer, given the mannequins around the house. That’s how it is in the books now.
Todd Strasser, who wrote the official novels of alone at home and two of the sequels (the flip side of a film adaptation of a book), he said in an interview that he had creative freedom in this. “The filmmakers didn’t guide me closely. Here’s the script, do whatever you want.” In the book, he turned Kevin’s mother into a fashion designer thanks to the mannequins and his father into a businessman, a “safe bet.” The Christmas movie can be streamed on Disney+.