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Real Estate
Reply to "Small families with big houses"
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[quote=Anonymous]I live in a row house that was once a large SFH and is now four condos. This happens all the time. Tons of converted row homes in NYC, for instance. This is what happens often when houses are initially built for very rich people. In my case, this building once contained a huge staffed kitchen, multiple sitting rooms, four household bedrooms and and servants quarters with room for at least 4 more people. At some point this set up became ridiculous and the building fell into terrible disrepair before being picked up by a developer and converted into four 2 bed/2bath luxury condos. The former servants quarters are now a 1600 sq ft penthouse with a huge kitchen and an amazing roof deck. It sold for well over a million a few years ago. Neighborhoods change, preferences change, zoning changes, expectations change. Maybe these McMansions will continue to exist and be used as they are now 50 years from now, but I'd bet you anything that many of them won't be. Society just isn't static enough for that. It's also incredibly unsustainable, but that's been well covered in this thread and it's abundantly clear no one cares![/quote]
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