Well, have you heard? Downsizing is in! And if you have gone to any of the National Building conventions or Realtor Conferences word on the street is experts say that this is not a temporary reality but much more permanent as Baby Boomers age out of their McMansions and into Disneyworldesque age restrictive communities and their children... the "Echo Boomers" enter the market. Theory is this new generation of homebuyers want A LOT less house than the Baby Boomers, but want more ammenities and a good location. What do I think? Well, as being a part of the Echo Boomer generation I think this theory has some MAJOR holes in it. I do not think the days of the McMansion are over, we are still American for cryin outloud and will inevitably want more...... more house. Trendy condos in downtown areas work great when you are in your twenties and early thirties, but what about when spouse and kids come? Suddenly being close to those things do not matter as much. So what do I think this means for the future? More progressive thinking in homebuilding in more neotraditional neighborhoods that offer walkability. Walkability to schools, shops and dining. I do not think the McMansion is dead, it's just on life support.
As Always Thanks For Reading!
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