[quote=moneymaker]Ok I’ll give it a try, Of the big 3 home builders why can’t one of them build a bunch of 3 bed/2 bath, 1200-1800 sq. ft. homes that are affordable preferably without HOA’s.
Instead they build these McMansions thinking that people who already own homes are going to upgrade. Surprise! a lot of those people that own older smaller homes don’t want the higher taxes and/or interest rates. Common sense to me, but I guess the 2 story McMansions on cookie cutter lots has better profit margins. Most first time home buyers don’t need a McMansion! If anyone knows of a new build SFH in San Diego County that is a single story 3/2 for under 400k with no HOA let me know. There used to be some out in Campo a long time ago, those were the cheapest ones I can remember.[/quote]
you answered your own question.
There’s still a healthy stream of these “McMansion” buyers such that builders don’t need to build smaller
home. And they would rather build these larger homes since they have bigger margins. That might chsngr in the future…but for now, it’s what it is.
And some of these smaller home owners probably got in at killer price or loan such that they can keep their smaller homes as rentals, given how much it costs to rent these days. your other tenants end up paying for your larger home’s mortgage and property tax and HOA.
