Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

McMansions Are Back And They're Bigger Than Ever
Zero Hedge ^ | 02 June 2016 | Tyler Durden

Posted on 06/03/2016 11:53:15 AM PDT by Lorianne

There was a small ray of hope just after the Lehman collapse that one of the most lamentable characteristics of US society - the relentless urge to build massive McMansions (funding questions aside) - was fading. Alas, as the Census Bureau confirmed this week, that normalization in the innate American desire for bigger, bigger, bigger not only did not go away but is now back with a bang.

According to just released data, both the median and average size of a new single-family home built in 2015 hit new all time highs of 2,467 and 2,687 square feet, respectively.

And while it is known that in absolute number terms the total number of new home sales is still a fraction of what it was before the crisis, the one strata of new home sales which appears to not only not have been impacted but is openly flourishing once more, are the same McMansions which cater to the New Normal uberwealthy (which incidentally are the same as the Old Normal uberwealthy, only wealthier) and which for many symbolize America's unbridled greed for mega housing no matter the cost.

Not surprisingly, as size has increased so has price: as we reported recently, the median price for sold new single-family homes just hit record a high of $321,100.

(Excerpt) Read more at zerohedge.com ...


TOPICS: Business/Economy; Culture/Society; Government
KEYWORDS: dontfencemein; mcmansions; realestate; trends
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 141-149 next last
To: Lorianne

I believe in Freedom to decide what size house you want.


21 posted on 06/03/2016 12:17:00 PM PDT by 1Old Pro
[ Post Reply | Private Reply | To 1 | View Replies]

To: ozzymandus

In the end, it is no one else’s business. But it’s sad when a beautiful, older house is torn down - one that suits the neighborhood and adds a community feeling - and one of those hideous things go up, all out of proportion to its lot size. In my brother’s area in the San Fernando valley, all the ranch houses are being destroyed and these things are being built by Iranians and Arabs. And they have very gaudy taste.

But, you’re right.


22 posted on 06/03/2016 12:17:13 PM PDT by miss marmelstein (Richard the Third: With my own people alone I should like to drive away the Muslims)
[ Post Reply | Private Reply | To 14 | View Replies]

To: miss marmelstein

Indians love big houses, because they bring their entire extended family to live in them.


23 posted on 06/03/2016 12:17:59 PM PDT by dfwgator
[ Post Reply | Private Reply | To 22 | View Replies]

To: sparklite2

i make and use lye soap thats te only soap we usefor everthing


24 posted on 06/03/2016 12:18:58 PM PDT by old gringo (a wise monkey never monkeys with another monkeys monkey.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: dfwgator

Yes, I know! And although there certainly is great beauty in Hindu culture, it totally eludes them when they home build!


25 posted on 06/03/2016 12:19:31 PM PDT by miss marmelstein (Richard the Third: With my own people alone I should like to drive away the Muslims)
[ Post Reply | Private Reply | To 23 | View Replies]

To: dragnet2

If folks want to buy them, then why begrudge their choice?


26 posted on 06/03/2016 12:19:40 PM PDT by T-Bone Texan (Don't be a lone wolf. Form up small leaderlesss cells ASAP !)
[ Post Reply | Private Reply | To 20 | View Replies]

To: Uversabound
Tiny Houses on HGTV

custom built camp trailer. Be great for the hunting lease?

27 posted on 06/03/2016 12:20:20 PM PDT by showme_the_Glory ((ILLEGAL: prohibited by law. ALIEN: Owing political allegiance to another country or government))
[ Post Reply | Private Reply | To 6 | View Replies]

To: T-Bone Texan

No one suggested that but you. My comment is real clear and had nothing to that BS.


28 posted on 06/03/2016 12:20:51 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
[ Post Reply | Private Reply | To 26 | View Replies]

To: miss marmelstein

Every time me and the wife go out to look for houses, almost every other couple we see looking for houses is Indian.


29 posted on 06/03/2016 12:21:11 PM PDT by dfwgator
[ Post Reply | Private Reply | To 25 | View Replies]

To: Lorianne

If you got the money, buy what type house you want!


30 posted on 06/03/2016 12:22:48 PM PDT by Ruy Dias de Bivar
[ Post Reply | Private Reply | To 1 | View Replies]

To: dfwgator

I saw Doctor Zhivago when it premiered. That scene where the local Bolsheviks seize the Gromyko house made me a permanent anti-communist. Give power-hungry people with little minds that kind of authority, and you have...something similar happening right here in the U.S.A.

The theme was that if you are not interested in revolution, it is interested in you. Zhivago & his wife were living quietly in a cottage near the Varykino house and the Bolshies still wouldn’t leave him alone.

Russians speaking with British accents creeped me out, too.


31 posted on 06/03/2016 12:23:30 PM PDT by elcid1970 ("The Second Amendment is more important than Islam. Buy ammo.")
[ Post Reply | Private Reply | To 5 | View Replies]

To: elcid1970

It’s one of those movies that everybody must see. I rate it as the greatest movie ever made.


32 posted on 06/03/2016 12:24:32 PM PDT by dfwgator
[ Post Reply | Private Reply | To 31 | View Replies]

To: Vigilanteman
Prebuilt garage/sheds in the Pittsburgh area are only around $10,000 for a 14’ x 40’ unit delivered. Highly convertible into a home if you add another $5K or so for the lot and leveling.

Don't forget another $10k for plumbing and electric.

33 posted on 06/03/2016 12:24:37 PM PDT by PAR35
[ Post Reply | Private Reply | To 17 | View Replies]

To: Lorianne

What business is it of anyone’s what property people own??

Liberals are just greedy and jealous children. They claim no one should have a large house but the second they can own one they do.


34 posted on 06/03/2016 12:24:46 PM PDT by CodeToad (Islam should be banned and treated as a criminal enterprise!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SkyPilot

“Nobody wants them. Nobody wants your stucco crap build in a field 4,000 sq foot godless garbage house.”

Yes, they do. They are popular and sell nicely.

You sound like a deranged liberal: “godless”?


35 posted on 06/03/2016 12:25:37 PM PDT by CodeToad (Islam should be banned and treated as a criminal enterprise!)
[ Post Reply | Private Reply | To 2 | View Replies]

To: JimRed

To buy the median house at $321,100, with 100% financing at 4%/30 years, the monthly principal and interest comes out to $1,532.98. Add between $600 and $1,000 a month for property taxes and insurance. The family income required for the top of that scale is about $108,550 based on 28% of income. Well off, yes, but wealthy? No. And in some loan programs (40% total of all debt permitted) a low-debt family can buy that much house with a considerably lower income. With zero debt about $76,000.


36 posted on 06/03/2016 12:27:06 PM PDT by JimRed (Is it 1776 yet? TERM LIMITS, now and forever! Build the Wall, NOW!)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Buckeye McFrog
I simply do not understand why people will pay for that kind of crap when they could spend 1/3 to 1/2 of that money and get one of these:

Outside:

Inside:


37 posted on 06/03/2016 12:30:05 PM PDT by Bloody Sam Roberts (#BlackOlivesMatter)
[ Post Reply | Private Reply | To 11 | View Replies]

To: dfwgator

Annoying people. And, I’m sure they want to pay a buck fifty for a McMansion.


38 posted on 06/03/2016 12:30:38 PM PDT by miss marmelstein (Richard the Third: With my own people alone I should like to drive away the Muslims)
[ Post Reply | Private Reply | To 29 | View Replies]

To: dfwgator

Little boxes on the hillside,
Little boxes made of ticky-tacky,
Little boxes on the hillside,
Little boxes, all the same.
There’s a green one and a pink one
And a blue one and a yellow one
They’re all made out of ticky-tacky,
And they all look just the same.


39 posted on 06/03/2016 12:32:46 PM PDT by sparklite2 ( "The white man is the Jew of Liberal Fascism." -Jonah Goldberg)
[ Post Reply | Private Reply | To 19 | View Replies]

To: dfwgator

It’s why the U.S. imports so many foreigner$. Many of them have big cash. They snatch up all these gawdy giant home$ and buy up all the McWhopper and greedy mart franchises, then double the prices...lol.

Plus importing all these millions from Ustinkistan et al, is an excellent way to divide our once united country.


40 posted on 06/03/2016 12:36:16 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
[ Post Reply | Private Reply | To 29 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 141-149 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson