The McMansion’s day has come and gone
Now, as he digests the loss he must take, he notices other homeowners nearby going through the same shock with homes known as McMansions. One neighbor recently marked his home down $750,000 to $1.95 million.
http://www.chicagotribune.com/business/ct-mcmansions-price-drop-chicago-0906-biz-20160902-story.html
Appeal of big homes dropping…
In San Francisco, according to Trulia data, the McMansion premium is down by 38 percent. In Los Angeles and Boston, it’s down by 25 percent; San Diego by 19 percent; and Oklahoma City by 15 percent.
http://www.columbian.com/news/2016/sep/05/harney-appeal-of-big-homes-dropping/
How well have these homes kept their value? Not well, compared with the rest of the U.S. housing market.
…McMansion owners are losing out because the market considers their homes an ugly investment, too.
http://www.bloomberg.com/news/articles/2016-08-23/mcmansions-define-ugly-in-a-new-way-they-re-a-bad-investment
Ask Belmont Citizens 
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