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Compared to other countries, America is known for bigger cars, portions and take-out coffee cup sizes. For most of recent history, Americans have also wanted bigger homes — but now that’s changing.
For most of the last half-century, new single-family homes kept growing. In 1973, the median size of completed single-family homes was 1,525 square feet, according to US Census data. By 2015, that number had ballooned to 2,467 square feet.
But as the cost of buying a home has exploded and McMansions have fallen out of favor, homebuilders have reversed course, building smaller homes with an eye to first-time buyers. In 2023, the median single-family home built was 2,233 square feet, down 9% from the 2015 peak, with many formal dining rooms and “bonus” rooms disappearing.
Carias and her partner ultimately settled on a roughly 920-square-foot home. To maximize space, they decided to use the basement as their primary bedroom.
This just means you’ll pay the same price for a smaller house.
Source: am australian
Yes, but they need to spread propaganda that the top 10% are not bleeding the rest if us dry.
“Young people are getting fucked by previous generations, and will have to make do with less. It’s pretty great for rich people, though!”
But have you tried being born wealthy?
But not cheaper
They’re only 386k(!)
Oh yes, now I can definitely live in a 10 sqms apartment, yey
For most of recent history, Americans have also wanted bigger homes — but now that’s changing.
For most of recent history, there were no other options. We codified a lot of this into regulations.
Shrinkflation has reached the real estate market.
On a related subject, this video goes pretty deep into real estate development and why American garages are shrinking.
We just had our first and live in a two bed that’s “1500” sq feet I could not imaging a family of 4 or 5 living in smaller especially if 1 or both spouses work from home. I need a room to close the door at the end of the day to not look at work anymore
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https://www.cnn.com/2024/08/05/business/home-sizes-shrinking/index.html