Ah, the McMansion
. The house everyone loves to hate.
Fueled by subsidies and easy credit, with mortgages guaranteed by taxpayers, we built McMansions
and vacation condos on the assumption that prices would never fall.
The Boomers not only heeded George's call, but they did him proud by buying 8,000 sq ft McMansions
with $0 down and negative amortization ARMs.
come McGarages: when four cars is too few [NYT]
It did not lead to strong growth in investment, employment, or wages, but it did lead to higher income inequality and more McMansions
. We need to turn our economy around.
The Center for American Progress calls it a Katrina for the rest of the nation, washing away jobs, nest eggs, McMansions
, and, if we're fortunate, perhaps our delusions of even reduced grandeur.
Reyes deftly charts that fragility with a thumb line connecting his family's vicissitudes, half-finished McMansions
, and mortgage mania.--Adam Weinstein
San Francisco-based Michelle Kaufmann explained how she had produced 51 houses that challenge the typically extravagant and unliveable 'McMansions
' that dominate so much of US housing.
Before you know it, the elementary school down the block is converted into loft condominiums, that run-down strip mall is replaced with an upscale shopping and entertainment destination, and the 40-acre family farm becomes eighteen 4,000 square foot McMansions
. But one land use is etched in stone for all eternity--the cemetery.
I grew up in a time right before the advent of cable TV, missing kids on milk cartons, class action lawsuits, McMansions
, suburban sprawl, mobile telephones, play dates and everything else that seems to have sucked the fun out of being a kid these days.
Maybe it's less than accurate to say that nobody wants Hummers or McMansions
or designer duds.
"There was a time when Hummer was quite popular, but that was earlier in this decade when people wanted McMansions
and suburban assault vehicles."