The golden age of McMansions may be coming to an end. These oversized homes - characterized by sprawling layouts on small lots, and built in cookie-cutter style by big developers fueled much of the housing boom. But thanks to rising energy and mortgage costs, shrinking families and a growing number of retirement-age baby boomers set on downsizing, there are signs of an emerging glut.
The Ft Lauderdale Sun Sentinel has a story about the over supply of McMansions.
These houses often boast grand, two-story entryways, three-car garages, double-height family rooms and master-bedroom ``suites'' equipped with sitting areas and whirlpool tubs. Developers market the homes under names such as the Grand Michelangelo, Hemingway and Hibiscus - while detractors have dubbed them ``garage mahals,'' ``faux chateaux'' or ``tract castles.''
Sarasota will see the effects of this trend also.