061. Goodbye McMansion, hello bungalow

Welcome everybody to another episode of The Reside Daily Bite; I’m your host, David Doucette and I am throaty; my voice is about 75% and I was out of the office yesterday, so, there was no Bite yesterday. I was home sick and I did have just a little thought of recording a Bite at home but that would have been a disaster so, I didn’t.

Today’s bite is an interesting one. It’s an article that came out last week out of the San Diego Tribune titled, “Downsizing is Booming“. And it’s interesting because the first line says, “Goodbye, McMansion. Hello, bungalow, condo or suburban split-level.” So, what they’re saying is, really, the era of McMansion is over and people are going to be living in smaller homes and being a little more mindful of their space in a living.

That’s a trend I predicted a few years ago and started to see some of that as an architect; and I think we’re going to see more of that as we move along were people, rather than trading up to their homes, they’re probably going to stay in their home and maybe renovate their kitchen or knock down a wall or do something to their existing house. Smaller renovations are kind of what we’re seeing right now as people adjust to the market and to the economic that we are in.

I actually think it’s a good thing. I think it’s an opportunity for us as Americans to reprioritize our habits and a lot of what we’ve been doing. The articles say, “Median home size has dropped 6 percent since 2007, in large part because cash-strapped Americans can’t afford to buy, heat or maintain larger homes.” So, it is interesting when you buy a larger home it’s not just a larger purchase price that you have to deal with. You have the larger utility bills, the heating cost, and the cooling cost. So, a lot of people have been realizing this and what some people are doing in these bigger homes is, they are going to the short sale process (or have gone to the short sale process), renting in the interim and then their plan is to buy a smaller home in a couple of years.

So, I think living within our means is going to be a new cool. It’s a great article actuall…if you go to the San Diego Tribune -titled, “Downsizing is Booming“. It’s kind of a lengthy article but it is really good. And, I think that’s it. I’m about 75% here today.

That’s going to do it for me today, for The Reside Daily Bite; I’m your host. Thank you so much for checking us out.

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