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I mean, not really. I knew plenty of people buying new mcmansions on credit when their household income wasn’t above 80k. Many many Americans over leveraged the

by mruts 7y ago

I mean, not really. I knew plenty of people buying new mcmansions on credit when their household income wasn’t above 80k. Many many Americans over leveraged themselves by buying up huge properties with no down payment.

masklinn 7y ago
> McMansion is a pejorative term for a large "mass-produced" dwelling The subjects of the article: > Ben and Valentina Bethell spent about $3.5 million in 2009 to build their dream home: a roughly 7,500-square-foot, European-style house with a commanding view of the Blue Ridge Mountains. > Robin and David Saltman moved from New Jersey to Ponte Vedra Beach, Fla., where they spent more than a year custom-building their dream house with a pool on the ocean. > George and Diana Hambleton […] selected the materials for the roughly 4,200-square-foot house, including reclaimed barn wood and Wisconsin flagstone.
- mruts 7y ago
  The title of the article is literally: "A Growing Problem in Real Estate: Too Many Too Big Houses." Since mcmansions are large (as you said), I think they are relevant to the discussion.
  - bilbo0s 7y ago
    Masklinn kind of has a point. Clearly, the subjects of this article are not "mcmansion" people.
- wbl 7y ago
  The McMansion isn't mass produced just ugly.
deleted 7y ago
[deleted]
imgabe 7y ago
They're talking about multi-million dollar homes in the article. Even at the absolute height of the housing bubble craziness in 2007-2008 nobody was getting approved for a $3.5M house on an $80k salary.
maxsilver 7y ago
People use two different definitions of "McMansion", to mean wildly different things. To some people, a "McMansion" is any single family house they happen to dislike. Those are the kind of things working-class people buy on credit. (Homes in the 1200sqft to 2400sqft range). These are basically cheap disposable housing, they are popular because all people have to have somewhere to live, and this is usually the cheapest possible housing available that's still slightly comfortable to inhabit. This article is not talking about those. This article is talking about actual McMansions or just real Mansions, homes in the 5000sqft to 8000sqft+ range. They're like 2x to 4x bigger than a typical house (even when using American sizes for 'typical house'). No regular person owns these, you have to be entirely in the "wealthy" category to even begin to look at them.
- C1sc0cat 7y ago
  And done the right way (self build) that sort of high quality home can be more cost-effective (depends how much you do your self)

by mruts 7y ago

masklinn 7y ago

> McMansion is a pejorative term for a large "mass-produced" dwelling The subjects of the article: > Ben and Valentina Bethell spent about $3.5 million in 2009 to build their dream home: a roughly 7,500-square-foot, European-style house with a commanding view of the Blue Ridge Mountains. > Robin and David Saltman moved from New Jersey to Ponte Vedra Beach, Fla., where they spent more than a year custom-building their dream house with a pool on the ocean. > George and Diana Hambleton […] selected the materials for the roughly 4,200-square-foot house, including reclaimed barn wood and Wisconsin flagstone.

mruts 7y ago
The title of the article is literally: "A Growing Problem in Real Estate: Too Many Too Big Houses." Since mcmansions are large (as you said), I think they are relevant to the discussion.
- bilbo0s 7y ago
  Masklinn kind of has a point. Clearly, the subjects of this article are not "mcmansion" people.
wbl 7y ago
The McMansion isn't mass produced just ugly.

deleted 7y ago

[deleted]

imgabe 7y ago

They're talking about multi-million dollar homes in the article. Even at the absolute height of the housing bubble craziness in 2007-2008 nobody was getting approved for a $3.5M house on an $80k salary.

maxsilver 7y ago

People use two different definitions of "McMansion", to mean wildly different things. To some people, a "McMansion" is any single family house they happen to dislike. Those are the kind of things working-class people buy on credit. (Homes in the 1200sqft to 2400sqft range). These are basically cheap disposable housing, they are popular because all people have to have somewhere to live, and this is usually the cheapest possible housing available that's still slightly comfortable to inhabit. This article is not talking about those. This article is talking about actual McMansions or just real Mansions, homes in the 5000sqft to 8000sqft+ range. They're like 2x to 4x bigger than a typical house (even when using American sizes for 'typical house'). No regular person owns these, you have to be entirely in the "wealthy" category to even begin to look at them.

C1sc0cat 7y ago
And done the right way (self build) that sort of high quality home can be more cost-effective (depends how much you do your self)