Sunday, August 19, 2012

40 million unwanted McMansions

U.S. overbuilt in big houses, planners find

And so it came to pass that American developers built 40 million large lot homes commonly known as McMansions that its citizens eventually realised that they didn't actually want or need. When it should have built 10 million more attached homes and 30 million more small homes on 4,000-square-foot lots or less. It transpires that Americans of Generations X and Y do not really want to spent all their lives sat in cars like their parents.

Posted by enuii @ 12:28 PM (1308 views)
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One thought on “40 million unwanted McMansions

  • 40 million !! How is that worked out? And what happened to the function of price in mopping up excess supply?

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