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>A lot of this McMansion stuff has trickled down into smaller homes, in the 2000-3000 square foot range. Oh, god, yes. My well off but not rich (high 5 figures
by nommm-nommm 10y ago
>A lot of this McMansion stuff has trickled down into smaller homes, in the 2000-3000 square foot range.
Oh, god, yes. My well off but not rich (high 5 figures, low six figures) friends are buying these. They are pouring a ton of their wealth/income into these pseudo-prestigious things. It's strange to watch.
- ssharp 10y agoI wonder what the resale value on these houses will be. In the areas these are built around me, housing prices aren't skyrocketing, so if you built and had to sell within a few years, you're probably going to take a loss unless the market changes substantially. However, these places likely have a 20-25 year lifespan for the original owners as kids are born, raised, go off to college, and then start their own lives. There's going to be a glut of these things out there that someone needs to buy. Everyone wants new things, so why would people in 20-30 years have demands for a house that was "stylish" 20-30 years ago? I'm only in my 30's, so maybe I'm just ignorant of housing construction cycles, but it my social group, I see a lot of these things being built. That's another reason why I want to build something more traditional -- to hopefully stand out from the pack when I eventually go to sell.