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McMansions become financial 'liability' as buyers ditch oversized homes

On HALO

5 days ago

The "McMansion" is officially moving from a status symbol to liability.Twenty years after the 2006 housing boom, new data from Zillow reveals a fundamental reversal in the American Dream: Buyers are ditching "wasted scale" and mahogany-heavy footprints for high-efficiency "sanctuaries."As insurance premiums and property taxes soar, real estate experts warn that the oversized, unoptimized estates of the mid-aughts are becoming a financial exposure for homeowners who fail to adapt."The appetite for space hasn’t disappeared, but the definition of value has evolved. Buyers still want room for fami...