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I recall reading some recent stories on how Boomers are having trouble selling their McMansions because Millennial buyers aren’t interested in big houses in the

• deleted 7y ago
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• souprock 7y ago
  Don't count on lower birth rates long-term. Birth rates show decently strong inheritance. The more kids your parents had, the more kids you are likely to have. Changes in our environment, causing the demographic transition, are only a temporary stumble because people are not equally effected.
• Gustomaximus 7y ago
  Same is happening with antiques as pieces are often to big for increasingly apartment and smaller houses. And seems to be generally less desirable as status goods.
• conductr 7y ago
  My definition of McMansion is in the urban core. It’s where they tore down the original bungalow or something old and small and erected a suburb sized house. If it’s having trouble selling it’s because of money. Price of the home with high land value or cost of the private schooling that many people with that budget would require.
  • tempsy 7y ago
    I’m pretty sure the term McMansion is linked to sprawling suburbs that popped up starting in the late 80s/90s. Ive never heard it used to describe any urban home.
    • conductr 7y ago
      Looks like you’re right. I’ve never heard it used that way. But where I am it’s just understood suburbs are built that way. Nobody calls it a McMansion. We have largest houses in the nation though (I believe). The term came into local use in urban areas (burbs of 50+ years ago) began getting massive houses that consumed every bit of the lot.
• thrower123 7y ago
  The issue isn't that millennials don't want them, it's that the boomers want half a million for a starter house, and it's completely unreasonable to save up $100k cash for a down payment on a first house when you have student loans, other bills and rent. Ironically, this all becomes wildly easier after you have the first mortgage, and can leverage the paper equity that rising prices gives you...