Faux Chateaux a Glut on the Market
by Lloyd Alter, Toronto 
on 06.22.06
(This house was discounted 18% and they threw in a flat screen TV) Earlier this week the Wall Street journal covered Micro-houses; now it covers the decline of the McMansion as a result of a number of factors: Demographics, as the baby boomers look to fund their retirements; Energy Costs- Electricity is up 12% and Gas up 43% in the last five years; speculative mania: "Folks bought megasized houses well beyond their needs to increase their investment in real estate," Gas prices and increases in mortgage rates. We shouldn't say "we told you so" but we told you so. ::Wall Street Journal
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