Buyers, builders want a smaller home in the 'burbs

  • Article by: JIM BUCHTA , Star Tribune
  • Updated: November 27, 2010 - 9:59 PM

Rethinking of priorities means a shift away from supersized developments.

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BigPeteNov. 28, 10 7:41 AM

If this trend keeps the city people in the city then it is a great thing

mutt10RNov. 28, 10 7:45 AM

Fools. As long as you're dependant on a car, you're screwed.

no1caresNov. 28, 10 7:48 AM

"These days it's all about restraint." Too bad this philosophy wasn't used earlier, maybe this country wouldn't be in finanical ruin. And now everybody is trying to figure out how to get back to the standard of glut living they worshipped.

fromupnortNov. 28, 10 8:32 AM

Maybe what is driving this bus is this simple statement: "Some developers simply don't have the capital to invest in larger pieces of land". So they had to downsize for now and sell it to the public as the "new normal". Developers and builders have no sense of restraint when times are good, in my opinion. However, having said that we need to build communities, not houses with access to shopping, services, schools and churches without having to drive 30 minutes one way, maybe even walk or ride a bike. I question if a development with one street ending with a cul-de-sac can be much of a pedestrian friendly development.

BucklawNov. 28, 10 8:44 AM

The slums of the future will be in those far suburban developments. Today's suburban blight will replace the urban blight. This will be especially true after an era when people refused to support transit options other than cars and even then don't support maintaining roads. Gasoline will be much more expensive than it is today and more people will want to live where it makes more sense to live. The demand for urban space will go up and lower incomes will go out.

fishheadNov. 28, 10 8:44 AM

It's long overdue that we guide development towards walking/biking/mass transit instead of guiding it to spending hours in a car to and from work. The latter just wastes time, money, energy and our lives.

wunderdudeNov. 28, 10 8:59 AM

How would you like to own a 5,000' sf McMansion in the burbs right now? They're going for .50 on the dollar with no buyers in sight and large-family demographics tanking.

jurburNov. 28, 10 9:01 AM

Aren't there nice existing homes for sale on cul-de-sacs that are available without tearing up more land to build more homes? I realize that construction jobs are desperately needed but all these so called smaller developments are going to do is create more chaos in a housing market that is struggling to recovery. With all the empty houses out there, many of them built over the last 3-4 years, there must be a decent house to fill first before building more. To build more homes when so many are vacant is simply wasteful and unnecessary. I know people want what they want but extreme excess and wastefulness was what got us into this mess in the first place so maybe we could focus on stablizing existing neighborhoods, and renewing, reusing, and recycling what we have standing now.

bildo69Nov. 28, 10 9:08 AM

Go Green. Buy an already-built house inside the freeway loop. This is just a marketing tool. The houses are smaller, but designed to be built quick, and sell quick. These neighborhoods also come with covenants and association dues. Just another sale of exclusivity.

simplyhotNov. 28, 10 9:10 AM

DEMAND DRIVES PRICES. Who wouldn't want a new 3br 3ba home close to work, shopping, schools, church, etc. The challenge is that when you and I aggressively snap those up, the land value goes up and the cycle starts again. Anytime you have new development (unlike an existing 40-50 year old neighborhood) you will have risk and instability. If I had $350K to spend on a home, it sure wouldn't be in a new development where I'd be paying retail. I would look for a nice older neighborhood with cared for homes, parks, schools etc and buy from an owner who has been in the home a minimum of 20 years. That's wise, it's win win, and it's "green"..


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