PALACE, n. A fine and costly residence, particularly that of a great official. The residence of a high dignitary of the Christian Church is called a palace; that of the Founder of his religion was known as a field, or wayside. There is progress.
2007 Update: Once upon a time, a grand castle of stone or marble in which there lived a royal eminence with countless servants, slaves, soldiers and sycophants who all worked together in a glorious enterprise taking wheat from peasants. Today, a 6000 square foot house on a 5000 square foot lot or a hovel by a ditch, in which countless royals live with taciturn families and rent their meals.
A man's home is his palace, none are finer.
May he find satisfaction at the diner.
-Anselma de Juan Bautista de Los Flores Gomez Garcia Alarcón