McMansions, the over-sized, cookie-cutter houses that now mar our nation's suburbs, were the symbol of the housing boom. "Everyone can have a house!" we said. "And many of you can have an enormous house full of space you don't need, which will symbolize your wealth!"
The housing bubble has now popped, and a new study has found that the number of square feet people feel is necessary to live in has dropped quickly:
In its latest report on home-buying trends, real-estate site Trulia declares: “The McMansion Era Is Over.”
Just 9 percent of the people surveyed by Trulia said their ideal home size was over 3,200 square feet. Meanwhile, more than one-third said their ideal size was under 2,000 feet.\n
The article goes on to note that there has also been a decline in "formal landscaping, decorative water features, tennis courts, and gazebos.” If there is a silver lining to this horrible economy, it has has to be that it has put a stop to formal water features.