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My place isn't worth 2 million quite yet, but pretty close. But I did things a little differently that most. I bought a 4 unit apartment building about 3 years ago. I live in the best unit...but it's still just a small 2 bd. apartment. The other units pay the mortgage so I'm basically sitting here for free, lol.
A 2 million dollar home is a 2 million dollar home no matter what BUT appreciation is different depending where you're at. So someone could very easily have bought something a few years ago that is now "worth" over 2 million even though the orginal purchase could have been much, much less.
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