Real Estate

Articles and Information about Real Estate

NetFinancial | Institutions | Loans
Colleges and Universities | Search Engines

Much Ado About Mansionization?


Is there a perpetual shadow hovering over your house? Do you feel as though you live in a Batman movie? You may be the victim of a neighboring McMansion or a new development trend called mansionization, the housing industry's equivalent to bigger portions and fast food.

These mansionizers-who are frequently "spec" builders--buy small or dilapidated homes, raze them and erect massive structures, often resembling sterile apartment buildings. Except for meager set-backs, they swallow up the entire lot, dwarf their Liliputian neighbors and invade the privacy of adjacent yards with their second-story windows. It's sort of like jamming five hotels onto "Baltic Avenue" and calling them a home. There simply isn't enough space without impacting the "Community Chest" and monopolizing the other players in the game.

Most U.S. building codes are "mansionization friendly." For example, Beverly Hills caps home size at 15,000 square feet, restrictive only for those who dream of adding the ever-popular indoor football field.

Los Angeles allows a 7600 square foot home on a 5000 square foot lot. This isn't fuzzy math, and the city is not saying you should re-position your neighbor's fence in the middle of the night, gaining a 2600 foot advantage for your new breakfast nook. You must build towards the sun, potentially leaving your neighbors in the dark.

McMansions are perceived by some as the answer for a "Supersize Me," SUV society that subscribes to the notion that bigger is better and that all of ones extended family-regardless of whether they are still alive-must fit neatly into ones abode, even though there are an average of only 2.5 inhabits per property in the U.S.

Proponents of these mini-castles say they increase the value of neighboring homes, help with much-needed living accommodations and are inevitable. As urban and suburban space becomes scarce, McMansions will pop up in much the same way as "more compressed" Europe is dotted with row houses.

The average size of U.S. homes has grown over the past 45 years from 1,140 to 2,225 square feet, according to a Harvard University study. The National Association of Home Builders reports that 21 percent of houses built in 2004 equaled or exceeded 3000 square feet.

These statistics boost the "inevitability" argument. The "increase in property values" assertion succeeds or fails depending on various factors, such as where ones house is situated, the nature of the community and what type of buyers are looking for homes at the time. Are they gourmets or gourmands? Do they welcome McMansions or are they afraid of monsters?

The last argument by McMansionites seems flawed. It is unclear how a gargantuan property accommodating two or three inhabitants, as statistics indicate, aids the ever-increasing demand for housing. Mansionization's "contribution" seems more likely to reinforce the image of America as a land of over-consumption and spotlight the gap between the rich and middle class.

Outraged neighbors in California, Connecticut, Illinois, Pennsylvania, New Jersey, Maryland and Massachusetts convene with local officials to discuss how to halt these stucco intruders, their goal being to implement moratoriums and anti-mansionization ordinances.

Their arguments typically hinge both on objective and subjective factors. In addition to problems associated with a loss of privacy and sunlight, many seek to retain the character and architectural tone of their neighborhoods. They argue that the "David and Goliath" disparities and lack of pleasing curves on many of these "architecturally challenged" monstrosities make their communities less aesthetically appealing. Criticism of the "boxy" look is all too common.. But what if some people--such as McMansion shoppers--cherish the boxy look?

Should government dictate taste, ruling whether a structure is a fairy princess, a plain Jane or an ugly stepmother? Are Building and Safety employees-usually ex-contractors-experts on charm and color coordination? Will art school graduates have to take their place? New ordinances could force homeowners to hire "housing stylists," in much the same way as Cher and Cameron Diaz employ wardrobe aides and makeup artists.

Do we want to forfeit individuality, self-determination and the freedom to do as we please with our single family dwellings, all in exchange for neighborhood uniformity? After all, architectural consistency-as well as Big Brother-can be found in the condo complex or gated community. CC&Rs can impose fines on those who paint their doors red, have garage sales or allow their over-eating poodle to breach the "doggie weight limit."

Local government must resist the temptation to formulate aesthetically-based rules; however, this does not preclude activist neighbors from boycotting certain builders and educating buyers about the merits associated with rejecting "trophy houses" comprised of cheesy materials. McMansion supply hinges on McMansion demand.

Many builders construct quality products with style, grace and concern for residents of the area. They must be encouraged while less considerate developers should be brought into dialogue with local council members and the stakeholders in the community.

In the end, it's not a matter of "much ado, " but a matter of much to do.

Charlotte Laws, Ph.D. is a member of the Greater Valley Glen Council, a Realtor with Prudential in Studio City and an author. Her real estate website is http://www.YourTopBroker.com and her political website is http://www.CharlotteLaws.org

Her blog for comments about this article is http://charlottelaws.typepad.com


MORE RESOURCES:

Real Estate Matters
Baltimore Sun, United States - 12 hours ago
By Ilyce Glink Despite the housing recession, there are still more than 1.5 million real estate agents in the United States. Competition is one thing good ...


Radio roots run deep: Palec mixes music with real estate
Bizjournals.com, NC - 7 hours ago
He's been one of metropolitan Milwaukee's most prominent commercial real estate brokers in recent years, handling some of the area's biggest deals including ...


New York Times

Lax Real Estate Decisions Hurt Starbucks
New York Times, United States - 18 hours ago
The company has long been known in the world of commercial real estate for its expertise at selecting prime locations and its fearlessness in establishing ...
Another major flaw in Starbucks (SBUX) management BloggingStocks
all 10 news articles


Gazprom's real estate subsidiary to invest one bln euros in Morocco
Forbes, NY - 6 hours ago
TANGIER (Thomson Financial) - The real estate subsidiary of Russian gas giant Gazprom is to invest nearly one billion euros in northern Morocco, ...


Santa Clara County real estate, business equipment value tops $300B
Bizjournals.com, NC - Jul 3, 2008
The taxable value of real estate and business equipment in Santa Clara County rose above $300 billion for the first time ever this year, according to ...
Assessed values up 7% in county as commercial property booms San Jose Mercury News
all 6 news articles


AFP

German Stocks Fall for Sixth Day; Hypo Real Estate Declines
Bloomberg - Jul 3, 2008
Hypo Real Estate Holding AG fell to a three-month low after Standard & Poor's cut its credit rating for three units of Germany's second-biggest ...
German Stocks Rise on Trichet Comments; Deutsche Bank Gains Bloomberg
German Stocks Pare Gains as US Services Unexpectedly Contract Bloomberg
German Stocks Recoup Some Losses; Fresenius Medical Advances Bloomberg
Bloomberg - Bloomberg
all 14 news articles


Real Estate Q&A - Paying Off Your Mortgage
RisMedia.com (press release), CT - 5 hours ago
Mortgage financing and the clearing of title for residential real estate has become much more complicated as a result of the packaging and selling of ...
‘Power Teams’ Excerpt: Teaming up with Your Broker for Mutual Benefit RisMedia.com (press release)
all 2 news articles


RTT News

UPDATE 2-Sweden sells real estate firm Vasakronan
Reuters - 9 hours ago
By Johan Sennero and Simon Johnson STOCKHOLM, July 3 (Reuters) - Sweden said on Thursday it had sold real estate firm Vasakronan [VASA. ...
Sweden dumps state-owned real estate co. for $6.9B Forbes
Swedish Government Sells Vasakronan for $6.9 Billion (Update2) Bloomberg
UPDATE 1-Sweden sells real estate firm Vasakronan Reuters
Reuters
all 28 news articles


Sydney Morning Herald

Real-estate 'conspiracy' targets refugees
Sydney Morning Herald, Australia - 12 hours ago
That would appear to be at the high end of the appraised value," a Mount Druitt real estate agent, Ben Price, said of Ms Manyang's Doonside property. ...


REAL ESTATE NEWS
The Plain Dealer - cleveland.com, OH - 14 hours ago
Cleveland.com's new real estate news page brings together housing-related stories from The Plain Dealer, Sun newspapers and a host of other local sources. ...

Real-Estate - Google News

Currency Trading | Investing | Leadership | Negoatiation | Real Estate | Stocks and Mutual Funds | Taxes
home | NetFinancial | Institutions | Loans | Colleges and Universities | site map
Search Engines | EZmatic | 0pops | GetSonic | TrafficFish | Health
© 2006