I live here. My wife and I just went out to dinner tonight, driving by the McMansions on rt. 7, laughing our heads off. They are simply ridiculous and atrocious in appearance. And that double-gable look, with the HUUUUUUUUUUUUUUUUGGGGGGGGGGGGGGGGEEEEEEEEEEEEEEEEEE white deck running the length of the back of the house is gonna look REAL dated in about an hour and a half from now. When you look at the stately and gorgeous all brick federals built here in the 20 and 30 sitting on an acre or more of land, which could be had for less than half what a mcmansion goes for, well... There’s a sucker born every minute.
"And they're all made out of ticky tacky and they all look just the same".
Developers are really in a race to the bottom on street names. ;)
The house next door to me was foreclosed, and sitting empty for 3 years. The original asking price was $350,000, it sold for half of that.
New owners just moved in. I haven’t met them yet, all I know is they have a pit bull bitch and 7 puppies.
This article is rather deceitful. (But it’s Reuters, so you don’t expect much.)
In Loudon County the vast majority of homes going into foreclosure are those that were overcrowded dorm homes for illegal aliens. Period.
What you are seeing is a common deception increasingly being used by the MSM and the Chamber of Commerce and the Wall Street Journal as a way of deflecting attention away from the crux of he mortgage problem, subprime loans in vast numbers to the millions of illegal aliens (30-40 million is the real count) whose invasion over a few years made a lucrative demand for housing.
The McMansion foreclosures are insignificant and are in the same proportion of defaults or sluggish sales of these expensive homes as in past recessions. Many of these homes, contrary to the tone of this article, are NOT into foreclosure - they are homes that were too expensive and never sold as rich or proto-rich customers faded away with the slowing economy.
....my wife and I fled the Baltimore-Washington area in 2005...we had a farm and the McMansion explosion made our place worth a good bit of money...I used to look down on that whole culture of BMWs, Gold Cards, McMansions and snicker...now I see them as very, very dangerous....the kind of reckless fools that could bring down the financial system....and take my wealth with it!....and don’t think banks can’t fail....it happened to me back in the 70s.....big bank too...but once the run started it busted in just 5 days.
Not to mention that Loudoun County is on the end of redneck-ville. McMansion here, crappy ranch there, trailer over there. If people truely have money, are successful, or tasteful they usally live closer to or within DC.
As far as McMansions go, I could not live in one of those subdivision and housing associations that take away freedoms. I prefer a smaller place and more land.
I drive past these houses every day on my way to work from West Virginia, where I have a beautiful home that would cost $300,000 if it were in Loudon county. Sad thing is: these people weren’t just living beyond their means with expensive houses. They have a Hummer and a Jag and some other SUV in the driveway, incredible landscaping . . . but inside . . . no furniture. They only cared what things looked like from the outside. I have little sympathy for them.
Liberal moonbat speculators who don’t believe in Actual Work spent the better part of the last 10 years ginning up a housing bubble. Now we all have to deal with the runinous consequences.
It’s amazing how many ways these scumbags have found ways to undermine this country and its economy (global warming myth, wealth redistribution, etc.) It’s more evidence, as if it were needed, that “liberalism” and “criminality” are different words for the same phenomenon.