“America’s love affair with sprawling homes is showing signs of waning as the real estate market and aging boomers seek smaller houses. Our report on nervous sellers and the growing supply of ‘faux chateaux.’” This is a must read if you live in what the elites call “McMansions.” The Wall Street Journal defines McMansions as:
- 5,000+ square feet
- 4+ bedrooms
- grand two-story entries
- 3 car garages
- double-height family rooms
- master suites with sitting rooms and whirlpool tubs
The Wall Street Journal published this article on June 16, 2006. The aging of the population across America and particularly in Minnesota will have a major impact on local real estate. What was in demand for the past 20-30 years will not see the same demand in the future.
If you are unable to open the link to the WSJ article, e-mail me and I will mail a copy to you.