The Psychology Of McMansions
22 November 2005 - 7:00am
The building of McMansions might be leveling off nationally, but in the D.C. area, bigger is definitely still better.
"In the Washington region, average incomes are among the highest in the nation. Low interest rates, 100 percent financing and the money that people can make from selling their homes in a booming market have made buying a larger one affordable for more people, whose appetite for space, builders say, seems insatiable.
But why?
In a way, the green frontiers of suburbia are imprinted with visions of perpetual self-improvement in the form of ever-expanding houses that seem at times dreamed into existence, as builders have honed their ability to anticipate people's desires."
Source:
The Washington Post, November 20, 2005
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In short, we’ve seen the last of the cheap oil on which we’ve built our economy, our communities, and our daily lives.
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