Inquiring minds are reading CNBC.com’s “Death of the ‘McMansion…” and wonder if that death announcement might be just a little premature:
They’ve been called McMansions, Starter Castles, Garage Mahals and Faux Chateaus but here’s the latest thing you can call them — History.
Well, count 2010 as the year the last nail was hammered into the McCoffin: In its latest report on home-buying trends, real-estate site Trulia declares: “The McMansion Era Is Over.”
Just 9 percent of the people surveyed by Trulia said their ideal home size was over 3,200 square feet. Meanwhile, more than one-third said their ideal size was under 2,000 feet.
“That’s something that would’ve been unbelievable just a few years back,” said Pete Flint, CEO and co-founder of Trulia. “Americans are moving away from McMansions.”
and, of course, when is the National Association of Realtors ever wrong?
“McMansions just look and feel out of place today, given the more cautious environment everyone’s living in,” said Paul Bishop, vice president of research for the National Association of Realtors.
A prediction: When the economy improves and buyers can recite numerous ‘break-through technological improvements in home construction…the McMansion will be back.
Based on about 6000 unbroken years of human history. Hemlines go up…and hemlines go down.
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