Have We Reached the End of the McMansion Era"
The architectural world?s most hated structures may finally be meeting their demise. McMansions, the cheaply-built, faux-opulent mega-houses that litter many of the world?s suburban communities, were born in the 1980s and quickly became the most desirable living accommodation for middle and upper-middle class families. After a slight blip caused by the financial recession of 2008, McMansion popularity returned, with the median size of homes reaching a peak of 2,488 square feet just last year. But as seen in a new study conducted with data from real estate website Trulia, the economic benefit of purchasing one of these houses may now finally be falling.
© Flickr user dbasulto. Licensed under CC BY-SA 2.0
The architectural world?s most hated structures may finally be meeting their demise. McMansions, the cheaply-built, faux-opulent mega-houses that litter many of the world?s suburban communities, were born in the 1980s and quickly became the most desirable living accommodation for middle and upper-middle class families. After a slight blip caused by the financial recession of 2008, McMansion popularity returned, with the median size of homes reaching a peak of 2,488 square feet just last year. But as seen in a new study conducted with data from real estate website Trulia, the economic benefit of purchasing one of these houses may now finally be falling.Tracking data for homes built from 2001 to 2007 between 3,000 to 5,000 square feet (a typical McMansion size),...
© Flickr user dbasulto. Licensed under CC BY-SA 2.0
The architectural world?s most hated structures may finally be meeting their demise. McMansions, the cheaply-built, faux-opulent mega-houses that litter many of the world?s suburban communities, were born in the 1980s and quickly became the most desirable living accommodation for middle and upper-middle class families. After a slight blip caused by the financial recession of 2008, McMansion popularity returned, with the median size of homes reaching a peak of 2,488 square feet just last year. But as seen in a new study conducted with data from real estate website Trulia, the economic benefit of purchasing one of these houses may now finally be falling.Tracking data for homes built from 2001 to 2007 between 3,000 to 5,000 square feet (a typical McMansion size),...
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