Are Parisian homes really 3 times more costly than Manhattan’s?

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

My family is originally from Texas, although most branches have now lived in California for two or three generations. Those who remain in the Houston area aren't shy about expressing their sentiment that despite the technically larger area of California, everything they care about is bigger (read: better) in Texas.By that rationale, America has long been the Texas of global real estate, with our homes being built at larger sizes than new construction in other developed countries until Australia took that title a couple of years ago. But according to an infographic recently published by Credit Sesame, American cities are the Rhode Islands (i.e., smallest) of world real estate when it comes to one measure: cost per square foot of living space. Take Manhattan, for example, which Americans from Akron to Atlanta routinely hold out as an exemplar of blisteringly high-priced housing. The Credit Sesame chart lists Manhattan real estate at $1,068 square feet. By comparison, San...