The McMansion Scale, Explained

Re:The McMansion Scale, Explained by carsongross on Thursday October 20, 2016 @10:12PM (#12757709)

To be sure. But let us double cost to make the house bigger and double it again for the lot, labor and electric. You are still at $188,340.8.

Let us double it again for Nest thermostats and turret mounted gatling guns and you are still under 400k.

Something happened.

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Re:The McMansion Scale, Explained by TylerE on Thursday October 20, 2016 @10:28PM (#12757770)

$200k buys a lot of house in the vast majority of American cities in 2016.

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Re:The McMansion Scale, Explained by flubert on Friday October 21, 2016 @01:17AM (#12758300)

Let's see what we can do for one tenth that amount:

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Re:The McMansion Scale, Explained by carsongross on Thursday October 20, 2016 @10:33PM (#12757786)

That's a reasonable point, California is crazy and perhaps coloring my views.

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Re:The McMansion Scale, Explained by nommm-nommm on Friday October 21, 2016 @10:44AM (#12760832)

The median price paid for a new home in Aug 2016 the US is $284,000 and the average is $353,600.

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Re:The McMansion Scale, Explained by maxerickson on Thursday October 20, 2016 @10:34PM (#12757794)

You can totally build a lavish 3000 square foot house for 400k in most of the US.

(the median price of new homes sales is about/under $300,000 https://www.census.gov/construction/nrs/pdf/uspricemon.pdf )

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Re:The McMansion Scale, Explained by Turing_Machine on Thursday October 20, 2016 @10:23PM (#12757748)

I already told you what happened. The maximum loan guarantee under the GI Bill was $2,000 (in their dollars)

4x the cost of your Sears house is $13,964 (also in their dollars).

The buyers preferred a house that they could afford to one they couldn't. Simple as that.

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