[quote=4plexowner]pizzaman – I saw an article this week suggesting that the future of McMansions in outlying areas likely includes multiple low income families living under the same McRoof – the article gave examples of low income people being pushed out of Sacramento (I think) and ending up living way outside of town with multiple people in a large house – decided against posting the link because it seemed too depressing for anyone living in a McMansion in an outlying area[/quote]
I read that article. I think it assumes too much, namely that the new dream home is in the city and that everyone now wants to live there. Not true at all. Most people I know are middle to upper-middle class, live in the suburbs, and love it there.
In the future, those people will still love it there, and many below middle class will still live paycheck to paycheck and have a hard enough time keeping their car running, let alone coming up with the $2k deposit plus first month’s rent typical of a privately owned rental, when they can move into an apartment closer to public transportation with far less cash.
