The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Les H who wrote (72941)	3/3/2007 5:52:55 PM
From: MoneyPenny	Read Replies (1) of 306849

I am working on projects in development that are projecting 1500-2300 sq. ft. This is sharply lower sq footage and I believe that we can make even more functional units by reducing the size even more. I wrote about this earlier this year: To: mishedlo who wrote (69891) 1/4/2007 5:57:52 AM From: MoneyPenny 1 Recommendation Read Replies (1) of 72942 You reference the supersizing of homes sq. footage in the past 15 years in this blog. This happened before in the post WW I era as well. Grand homes on palatial lots were built to celebrate their owners success for all to see. The houses were then razed and subdivisions built in their place with modest homes on smaller lots. Those houses have now been torn down to make way for the Big Foot house (enormous footprint on a postage stamp lot). I worked on a house with 900 sq. ft of closet for the master bedroom and a 1100 sq ft bathroom with waterfall shower in a orchid rock garden. I kept thinking while working on the drawings if it would be torn down in a few years to make way for a group of townhomes. We have discussed this before on this thread: Message 22488593 "When I first started doing interiors, I did a lot of work in GROSSE POINTE, MI. Large estate homes that were built in the 20's were torn down to put up smaller homes on the subdivided property. 30 years later these smaller homes were torn down to put up McMansions (the ostentatious home with a big footprint). The cycle continues. People will still move to Florida unless the hurricanes continue to make homes here a risky investment, but Baby Boomers will not repeat the life of their parents. Never have till now, so why would they start. Money Penny"

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