http://www.msn.com/en-us/money/realestate/why-youre-lucky-you-dont-own-a-mcmansion/ar-BBw04OP?li=BBnb7Kz
Well I am not entirely in agreement, I still wish I owned a McMasion! But looks like I can pick one up at a discounted rate!
According to Bloomberg, Trulia looked at price appreciation of McMansion-sized homes — those with footprints of 3,000 to 5,000 square feet
McMansion resale values are in the gutter, with price premiums dropping more than 80% in some parts of the country.
“The additional cash that buyers should be willing to part with to get a McMansion fell in 85 of the 100 largest U.S. metropolitan areas,” Bloomberg said.
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