Interesting theory, i'd like to see if there is any actual research on the topic. Not easy to quantify the value of design
StarchitectAlpha
Aug 24, 16 10:38 pm
Could it possibly be more about location? These types of homes are usually placed in areas that require long commutes and nothing around but strip malls. It's a pretty tough pill to swallow for first time buyers. Long commute, boring location, nosy neighbors and a mortgage that eats up all discretionary spending, all so you can pray for appreciation that outpaces inflation, repairs, property taxes and interest.
geezertect
Aug 25, 16 9:03 am
^ Location is probably the biggest clue. Areas that have a large number of corporate headquarters are going to have more demand for seriously upscale housing.
Prices also vary so widely between regions that you can't draw good comparisons from simple raw sales data. Fort Lauderdale McMansions are $477,00? That gets you an older, comparatively modest house in Denver, and probably only a nice cardboard box in a middle class alley in SF.
A blurb from Trulia or Zillow is not something I would take too seriously, one way or the other.
JeromeS
Aug 25, 16 10:47 am
starter ranch home does
Do developers still build these?
a mortgage that eats up all discretionary spending
We live in a world where consumerism is king and instant gratification is the second most important emotion after greed. That includes McMansions; leading to outsized debt and personal spending and an inability to weather an economic time that is increasingly pressure packed.
My "starter ranch home" serves my family quite well AND is paid for. I'm 40 years old and debt free. A pox upon all the borrowers
geezertect
Aug 25, 16 11:02 am
My "starter ranch home" serves my family quite well AND is paid for. I'm 40 years old and debt free. A pox upon all the borrowers
That's the way to live, particularly in this profession. Congrats.
Mr_Wiggin
Aug 25, 16 12:00 pm
SA - These types of homes are usually placed in areas that require long commutes and nothing around but strip malls...
Combine this with today's story linking increase in walk-ability, with an increase in market value (cost to buyer) and you may see a connection. I dislike McMansions as much as the next architector, but as I said in another thread, much to one person's chagrin, the McMansion has quickly become the ranch home of today's suburbia. Maybe a bad investment, but they can serve a purpose if you look at them only as a home.
JeromeS
Aug 25, 16 1:05 pm
if you look at them only as a home.
I counsel clients this all the time- build the house that's right for you. They never listen and are always more focused on the future buyer.
MyDream
Aug 25, 16 2:34 pm
I heard about this on Facebook. I am new to Facebook and I have been completely smitten by its alluring bright colors and video games and being able to talk to friends.
Aug 26, 16 5:49 am
JeromeS,
It must be kept in mind that 80% of the working class of today moves from place to place and owning a house is just a flip to them so that they can build equity for their retirement home which may actually end up being the "Retirement home" by that time.
In short, people don't buy homes to live in but to temporarily occupy until the job and move. Ironically, with that life, we should stop building houses and only design and build apartments and maybe a rent to buy option so when a person closes out their career, they may outright buy out the unit to own.
This is the way we live, now. Maybe its time designing and building new houses needs to come to an end in the U.S. until there become a real need for owning houses.
I think that's where its all going.... unless this trend reverses course.
Non Sequitur
Aug 26, 16 12:43 pm
In short, people don't buy homes to live in but to temporarily occupy until the job and move.
http://www.bloomberg.com/news/articles/2016-08-23/mcmansions-define-ugly-in-a-new-way-they-re-a-bad-investment
Interesting theory, i'd like to see if there is any actual research on the topic. Not easy to quantify the value of design
Could it possibly be more about location? These types of homes are usually placed in areas that require long commutes and nothing around but strip malls. It's a pretty tough pill to swallow for first time buyers. Long commute, boring location, nosy neighbors and a mortgage that eats up all discretionary spending, all so you can pray for appreciation that outpaces inflation, repairs, property taxes and interest.
^ Location is probably the biggest clue. Areas that have a large number of corporate headquarters are going to have more demand for seriously upscale housing.
Prices also vary so widely between regions that you can't draw good comparisons from simple raw sales data. Fort Lauderdale McMansions are $477,00? That gets you an older, comparatively modest house in Denver, and probably only a nice cardboard box in a middle class alley in SF.
A blurb from Trulia or Zillow is not something I would take too seriously, one way or the other.
starter ranch home does
Do developers still build these?
a mortgage that eats up all discretionary spending
We live in a world where consumerism is king and instant gratification is the second most important emotion after greed. That includes McMansions; leading to outsized debt and personal spending and an inability to weather an economic time that is increasingly pressure packed.
My "starter ranch home" serves my family quite well AND is paid for. I'm 40 years old and debt free. A pox upon all the borrowers
My "starter ranch home" serves my family quite well AND is paid for. I'm 40 years old and debt free. A pox upon all the borrowers
That's the way to live, particularly in this profession. Congrats.
SA - These types of homes are usually placed in areas that require long commutes and nothing around but strip malls...
Combine this with today's story linking increase in walk-ability, with an increase in market value (cost to buyer) and you may see a connection. I dislike McMansions as much as the next architector, but as I said in another thread, much to one person's chagrin, the McMansion has quickly become the ranch home of today's suburbia. Maybe a bad investment, but they can serve a purpose if you look at them only as a home.
if you look at them only as a home.
I counsel clients this all the time- build the house that's right for you. They never listen and are always more focused on the future buyer.
I heard about this on Facebook. I am new to Facebook and I have been completely smitten by its alluring bright colors and video games and being able to talk to friends.
JeromeS,
It must be kept in mind that 80% of the working class of today moves from place to place and owning a house is just a flip to them so that they can build equity for their retirement home which may actually end up being the "Retirement home" by that time.
In short, people don't buy homes to live in but to temporarily occupy until the job and move. Ironically, with that life, we should stop building houses and only design and build apartments and maybe a rent to buy option so when a person closes out their career, they may outright buy out the unit to own.
This is the way we live, now. Maybe its time designing and building new houses needs to come to an end in the U.S. until there become a real need for owning houses.
I think that's where its all going.... unless this trend reverses course.
In short, people don't buy homes to live in but to temporarily occupy until the job and move.
Is that why you still live with your parents?
I bought a house to live in.