McMansion the Movie - the trend is well under way

[BK]

http://mcmansion-movie.com/

I saw an article in my local paper - they producers of the Movie are looking for people who LOVE or HATE their McMansion - Another Sign that the love of Housing is over.

At the same time many Towns are trying to enact anti-McMansion rules to prevent builder from tearing down small homes and replacing them with larger homes (these same towns can't seem to keep their Municipal Spending under control).

The Movie is focused on how McMansion ruin communities and peoples lives.

Just another couple of obvious indicators that the Housing Market is headed down. Like EJ pointed out in an earlier essay about the Hippie Movement - its soon will be cool to hate McMansions - and perhaps even HIP to rent and Not Own a home.

[Jim Nickerson]

12/13/06
Interesting article by Mike Shedlock regarding condo sales in Tampa and home sales in Key West, FL.

http://www.whiskeyandgunpowder.com/Archives/2006/20061213.html


What have we learned from this?

Units will sell at an unconditional vs. a conditional auction
Conditional sellers are still too stubborn about price
Anyone "needing" a particular price likely cannot get it
Condo prices have declined 40% in some locations, and we still are not at the bottom
Carry costs are mounting
There is still pent-up supply.
Final Thoughts


Panic has still not set in, but it will eventually. That event could be years off.