From CNN Money - “Downsizing the American home”
Good read on how builders are changing their focus and building cheaper homes. I bet the McMansion owners are really happy about this. Ouch!
So if those first-timers who sat out the era of the McMansions and the McMortgages start buying these modest homes, Mezger may go down in the annals of real estate as the man who saved The House That Eli Broad Built. He’ll also need to expand his crooning repertoire. On karaoke nights, he usually caps the evening by singing “Unforgettable.” Since his music collection harks back to the 1930s, investors are hoping that he may soon be singing another classic: “We’re in the Money.”
