Anonymous wrote:

Anonymous wrote:Once millennials get older and make more money they will buy the mcmansion

Only as a starter home because they're saving up for a nicer home. Expect lots of price reductions on your McMansion and to eventually sell at a deep discount

Oh well. We still have a ton of money and plan to enjoy our retirement. Guess that means the Millenial kids and the grandkids will get even smaller inheritances.

Anonymous wrote:Oh they will, just not yet. Still too young.

The oldest Millennials are in their mid-thirties.

(White) millennials probably won't want your McMansion at the ass end of the county, but plenty of other folks will. But then white folks will start moving away, talking about "high pressure" schools and how "the community is changing."

This area has a huge population of successful, upwardly-mobile first and second-generation immigrants, and one of their virtues is that they really don't take their lead from what downwardly mobile white people tell them they want.

Anonymous wrote:Once millennials get older and make more money they will buy the mcmansion

Only as a starter home because they're saving up for a nicer home. Expect lots of price reductions on your McMansion and to eventually sell at a deep discount

Anonymous wrote:

Anonymous wrote:I've seen some nice McMansions .

One of two things are true.

1) you have terrible taste

2) they were not McMansions

+1

Note, not all large homes are McMansions

Once millennials get older and make more money they will buy the mcmansion

I could not get in with my primary care physician way out here in the outer burbs so I saw the new millennial doctor for my allergy meds.

I asked her why she was living out here.

She said, "thinking your want to live in the city and actually doing it are too different things, I guess I'm not hip, oh well."

I said, "I'm not hip either, it's like being the cool mom, it's not really cool."

time will tell

Anonymous wrote:Oh they will, just not yet. Still too young.

This - obviously - once they stop taking pictures of their food, have a kid and find it harder to go to Iceland for the weekend, they will want what everyone wants. Space and easy access (by car) to the things they need. Walking to meet friends for sushi will be replace by putting the sleeping baby in the car seat and finding a drive through Starbucks.

Matter of time. I am perfectly happy in my house for the next 20 years - I can wait.

Anonymous wrote:I think there are two types of McMansions. Over sized build outs in places that don't really attract upper class buyers and large homes in places that do. I would be careful buying one of the latter while your downside is minimized in areas that will always be nice. A large home steps from the metro in Arlington will always be the more the merrier, a McMansion in Pimmit Hills might be seen as poor taste and not worth a premium by future buyers.

Huh? The most expensive zip code in NoVa is in McLean, not Arlington, and Pimmit Hills sits right next to it, as well as to two Metro stations and Tysons. And did I forget to mention that the PH schools are better than all but a few in Arlington? Most likely many older Millenials already find musings about "poor taste" there quaint and outdated.

Anonymous wrote:

Anonymous wrote:I think it is Gen X who owns the McMansions, I sure don't own a McMansion.

Agree - definitely in our neighborhood anyway. It seems like the tail end of the Gen Xers and possibly the front end of the Millennials who are snatching up the McMansions - not Boomers.

I think it was mostly the younger Boomers (along with a smattering of older Xers) who originally tore down homes to build the majority of the McMansions but mostly Xers ( & some of the oldest Millennials) buying the ones sold in recent years.

Anonymous wrote:I've seen some nice McMansions .

One of two things are true.

1) you have terrible taste

2) they were not McMansions

Anonymous wrote:I am a millennial... I live in a newer 3k square foot house... I don't think it qualifies as a mcmansion, but I can say that having children definitely changed what I wanted in a home.

+1

I've seen some nice McMansions .