The cost to heat and cool these monsters keeps increasing, the baby boomers are going to have to sell theirs soon because they are not going to be able to keep them up and already theres too many. I don't think that the future of real estate is very promising what does everybody else think?
2007-08-03 03:35:56 · 4 answers · asked by Dennis 2 in Business & Finance ➔ Renting & Real Estate
I think that we're seeing a huge shift in sociological terms, similar to what happened after WWII. Gasoline is going to be increasingly expensive, so people will be focusing more on their homes. Meanwhile, prices are increasing, which will make it even harder for the older generation and the younger generation to maintain separate households. Ultimately, families will need to combine their incomes and will we'll see a return to having several generations under the same roof to maintain the same standard of living. The McMansions with numerous bathrooms, bedrooms, family rooms, game rooms, etc. are going to be perfect for multi-generational families..
2007-08-03 03:51:38 · answer #1 · answered by Neonzeus 3 · 0⤊ 0⤋
There will always be the few rich people out there to afford them. Of course, they they will lose their rich jobs and then foreclose, but, new rich families will then buy their homes. And the cycle will continue and continue.
Luckily I'm lower middle class - we're more stable, close to broke year after year lol
2007-08-03 20:33:32 · answer #2 · answered by Cookie On My Mind 6 · 0⤊ 0⤋
eventually there will be enough people to fill them, but yes, in the short term, there will be some empty ones....i lived in phoenix in 1993, and i remember seeing for sale signs everywhere on the mini mansions north of phoenix
2007-08-03 10:46:07 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I'm hoping they fall apart in 10 years.
2007-08-03 10:38:50 · answer #4 · answered by Anonymous · 1⤊ 0⤋