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HeadSet
2007 Dec 28, 9:53pm
Maybe buyers ARE rediscovering math
http://realestate.msn.com/Buying/Article_wsj.aspx?cp-documentid=5458941>1=10729
The article says builders like Pulte and Lennar are now building smaller sized homes. Interesting use of the term "McMansion." Wasn't that term coined by somebody on this blog?
A bit OT, but's here's an interesting combination of simultaneous breakthrough announcements.
Cheaper solar cells (under $1/watt)
http://www.guardian.co.uk/environment/2007/dec/29/solarpower.renewableenergy
Plus more efficient batteries
http://news-service.stanford.edu/news/2008/january9/nanowire-010908.html
There's a couple of million square miles of nice flat CHEAP land in Australia that would be very suitable for energy "farming" if both of those come through.
DennisN
2007 Dec 29, 2:34am
Amazingly enough "McMansion" isn't in the Patrick Glossary, except as an explanation of "McAlbatross".
Chindians are not to blame! Look at this transaction by San Jose Sharks defenseman Craig Rivet.
Monte Sereno
----------------
18485 Withey Road $4,800,000, 697 SF, 1 BR, Blaettler Construction to C. & K. Rivet; 2004:$1,920,000
cb, that must be a typo; someone would need to have taken several severe blows to the head to pay that much for a 1 bedroom. Oh... wait... nm.
It is not a typo, it is a brand new home expanded on the original lot, and the new home details were not recorded yet. I have seen quite a few new homes recorded as such.
The flipper made out, the original house was 697 sq ft., a builder bought it for under 2M and built a 5000 sq. ft house and sold it to Craig Rivet for 4.8M. I guess he did take too many blows to the head. Incidentally, his contract with the Sharks is 4 year - 14 million.
DennisN - I have seen the term "mcMansion" being used without irony* lately.
*Irony is of course illegal in the US as per the latest Patriot Act and the US educational system....
DennisN
2007 Dec 29, 9:45am
Craig Rivet's piano recital gave rise to praise for Craig's Liszt, which mushroomed from Rivet's hammerklavier.
HeadSet Says:
Interesting use of the term “McMansion.†Wasn’t that term coined by somebody on this blog?
I doubt it - I first heard the term McMansion with reference to houses built somewhere in Texas, by Dell employees who had stock-options money to burn. This was way back in the mid- to late-nineties.
I think I may have seen it first on Kuntsler's site, but may have seen it on www.urbansurvival.com or one of the other "Depression's coming" sites.
It's been around several years. It's becoming a standard term rather than a derisive term now.
I can just see some moron bragging about his McMansion, with the obligatory columns in front of course!
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Should there be a national math test required for those who want to borrow money?
Apparently, millions of people cannot multiply an amount of money by a percentage interest rate to get a yearly interest payment. They are probably even further removed from understanding that they also have to pay back the principal over the life of the loan.
A simple one-page arithmetic test would do wonders in cutting down claims of exploitation by lenders.
The next step would be a vocabulary test, starting the the words "fixed" and "adjustable"...
Patrick