Reply to WSJ: rapidly growing mismatch between the price of available housing inventory and demand

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[quote=Anonymous][quote=Anonymous]Yeah I've wondered about this too. Many people buy and build HUGE houses, but don't really want them. I have a 3500 sq ft house, but would have preferred 2500 for instance. I just wanted 4 bedrooms (3 and a office really) and a large family room/kitchen. Not easy to find! Builders are not building what people want, but are instead building what will profit them. There is a disincentive to build small-medium sized family homes. They make the most money off the big houses.

My starter "house" was a condo, just like the majority of the people I know. Sure the HOA fees suck, but it's the easiest way to get on the property ladder. Townhouses were about 200k more than my condo and houses were about 400k more. [/quote]

Yes.  This is happening in our close-in NoVa neighborhood.  All of the knock-down new homes have at least 6 bedrooms--and as many bathrooms.  For a family of 4, that size is way more than we would ever need and would require down-sizing in 7 years when we are empty-nesters.

We went in one yesterday and would have been more than happy with just 2 of the 4 floors which were enormous themselves.[/quote]

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