McMansions are no longer affordable or easily financeable in California, so builders will likely build fewer of them.
Urban planners and environmentalists advocate high-density development near transit hubs. They entreat us to screeds outlining the demerits of McMansions, and extoll the virtues of walking in urban cores. Unfortunately, much to their chagrin, the buying public disagrees with them. Builders provide what buyers in the market demand. Visionaries may wish demand were different, and some want to force the market to bend to their wishes, but for most of the last 70 years, the buying public demanded a detached single-family house on a large lot. This may be about to change. Buyers preferences won’t change. Despite the concerted efforts of urban planners and environmentalists to change consumer behavior, people still want what they want: large, detached single-family homes. However, desire is not necessarily demand.[READ MORE]