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Miami's McMansion Moratorium

Posted by: Nate Berg

14 February 2007 - 7:00am

A measure has been passed in South Miami that places a moratorium of construction of new two-story houses -- a measure aimed at preventing development of oversized homes, or McMansions.

"City commissioners unanimously approved the measure, which leaders hope will stave off new, large construction while they take the time to tweak the land use code."

"'We are being priced out of our own homes,' Vice Mayor Randy Wiscombe told the crowd. 'I am for development, but we should do it responsibly and preserve the integrity of our neighborhoods.'"

"The current land-use plan allows developers to build on 40 percent of the lot for the first floor with a second-story not to exceed 60 percent of the first floor."

"Mayor Horace Feliu said the moratorium could be extended to four or five months if more time is needed to draft the new law."

Full Story: Moratorium to prevent 'McMansions'
Source: The Miami Herald, February 11, 2007
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“
The decision to abandon a property is a symptom of the loss of confidence. And while abandonment certainly affects confidence among surrounding homeowners, the most important question to answer is not "how do we deal with abandoned properties?" but "what is the most cost-effective way to restore market confidence, and how do abandoned properties fit into that picture?"
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