SUBSCRIBERS
The McMansion, ultimate symbol of the US pre-recession boom, is back
Published Tue, Jun 27, 2017 · 09:50 PM
Washington
IF there's anything that typifies the boom times before the Great Recession, it is the McMansion. These sprawling houses proliferated around the country in the 2000s, as banks shelled out easy credit to fuel a housing bacchanalia they thought would never die.
McMansions became the ultimate symbol of living beyond one's means. Unlike your standard mansion, McMansions aren't just large - they are tackily so. Looming ove…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
DBS puts 46 retail units, HDB shops on market for S$210 million
US mortgage rates jump above 7% for the first time this year
Far East Shopping Centre back on market at unchanged S$928 million asking price
London mansions sold at 30% discount spell gloom for luxury market
Delfi Orchard up for collective sale at S$438 million guide price
US existing home sales drop in March; median price increases