St. Thomas / Virgin Islands Blogs

Death of the 'McMansion': Era of Huge Homes Is Over

Well, we don't really have McMansions here in the islands. We have plenty of large homes, but no "cookie cutter" subdivisions like in the States. But I remember when they took this huge field next to my house in St. Louis, a property that was functioning as a Cenacle (is that how you spell it?), and transformed it into a bunch of McMansions. How I loved that place, we used it for football games and even hitting golf balls.

When I first came back to visit my mom's house and saw what they were doing, I was shocked. These homes were HUGE and right next to each other. Yes, they planted trees that now separate them and it looks better than when they were built, but it is still a very strange look to me. I was never fond of the idea of these huge homes right on top of each other like that.

So when I saw this article/blog, I really wanted to post it. Hope you enjoy it, too: http://finance.yahoo.com/news/Death-of-the-McMansion-Era-of-cnbc-1051033...

They've been called McMansions, Starter Castles, Garage Mahals and Faux Chateaus but here's the latest thing you can call them - History.

In the past few years, there have been an increasing number of references made to the "McMansion glut" and the "McMansion backlash," as more towns pass ordinances against garishly large homes, which are generally over 3,000 square feet and built very close together.

What sets a McMansion apart from a regular mansion, according to Wikipedia, are a few characteristics: They're tacky, they lack a definitive style and they have a "displeasingly jumbled appearance."

Well, count 2010 as the year the last nail was hammered into the McCoffin: In its latest report on home-buying trends, real-estate site Trulia declares: "The McMansion Era Is Over."

Just 9 percent of the people surveyed by Trulia said their ideal home size was over 3,200 square feet. Meanwhile, more than one-third said their ideal size was under 2,000 feet.

"That's something that would've been unbelievable just a few years back," said Pete Flint, CEO and co-founder of Trulia. "Americans are moving away from McMansions."

The comments echoed those made in June by Kermit Baker, the chief economist at the American Institute of Architects.

"We continue to move away from the McMansion chapter of residential design, with more demand for practicality throughout the home," Baker said. "There has been a drop off in the popularity of upscale property enhancements such as formal landscaping, decorative water features, tennis courts, and gazebos."

"McMansions just look and feel out of place today, given the more cautious environment everyone's living in," said Paul Bishop, vice president of research for the National Association of Realtors.

And homebuilders are heeding the call: In a survey of builders last year, nine out of 10 said they planned to build smaller or lower-priced homes.

Even in Texas, the land of go big or go home, they're downsizing.

Diane Cheatham, owner of Urban Edge Developers in Dallas, said today, the average size of home they're building is 2,200 square feet, down from 2,500 in 2005 - which was considered small for Dallas back then.

She said the trend there is more toward building green homes instead of big homes. Right now, they're building a 1,200-square-foot uber-green home for a couple that's downsizing from 3,000-square feet, Cheatham explained.

1,200? Some of the hair in Texas is bigger than that!

"We've never built one that small," Cheatham confessed, but added: "I think that's just a good example of the trend right now."

For a little historical context, 1,200 square feet was the average home size in America in the 1960s. That grew to 1,710 square feet in the 1980s and 2,330 square feet in the 2000s.

What's more, many in the real-estate business say they think this trend of downsizing, or "right-sizing," as Flint likes to call it, is here to stay.

"This is absolutely a long-term effect," he said. "Think of families with small children who've been foreclosed upon ... When these teenagers are in a position to buy a home, they won't want to go through these experiences they saw their parents go through."

Of course, the question becomes, what do we do with all these McMansions that have already been built?

It's tempting to make jokes about what you might do with a former McMansion but with crime on the rise in neighborhoods littered with abandoned McMansions, Christopher Leinberger, in an article for the Atlantic, asked a sobering question: Is this the next slum?

Luckily, people are starting to get creative: A film collective in Seattle has taken over a 10,000-square foot McMansion there, using it for both living and work space. They turned a wine closet into an editing room and tossed a green screen in the garage. And in a suburb of San Diego, one couple turned a former McMansion into a home for autistic adults.

The demise of the McMansion has stirred a growing chorus of murmurs in the real-estate community about the possibility that it may force a dramatic redesign of the suburban McMansion tracts into mini-towns of their own, turning these icons of excess into more practical spaces like offices, banks, grocery stores and movie theaters.

Though, given some of the poor quality of materials and craftsmanship, it begs the question, would it be better to just tear them all down and start from scratch?

Have some thoughts on what to do with former McMansions? Drop a comment in the box below. Or, email ponyblog@cnbc.com.

The Flat, The Clear, and the Beautiful

We go round and round. The earth spins on its axis. The earth revolves around the sun. What little I recall from my school days tells me these are the primary factors in our "seasons". Many say that the Virgin Islands doesn't have seasons like people in the States, and I can only assume people say this because we don't get snow here. But I can emphatically tell you, we absolutely have seasons down here, and they are very noticeable to those that live here (for more than a year, at least).

The simple way to explain is we have hurricane season and non-hurricane season. But that isn't what I am talking about. See, we rarely get hit by a hurricane. It is just a time that puts us on our toes, gets us prepared, and keeps us knowing that we really don't have much control in our lives other than choosing to live in one of the most beautiful places in the world.

What I am talking about is the subtle changes we notice here each year. And this is the time of year where we see dead calm in the waters. It is like a lake out in Pilsbury Sound between St. Thomas and St. John. You can often look down from above the water and see the bottom at eighty feet. It really is incredible.

It is one of my favorite times of the year, because my little 17 foot boat could get me anywhere easily, and dry at that. It gives me lobster fever, and I take advantage of these times. It doesn't stay like this for long periods of time, but they appear for several days here and there, and you just have to be ready to go out when the time comes.

So when I think about "hurricane season", I don't think about a storm coming over from Africa and kicking our butts. I think about the flat, the calm, and the beautiful. Because we don't get days like this in the winter, and they truly are priceless.

Mango Season Equals Poison Ivy Symptoms for Some

Mango Season is Poison Ivy Season
Mangos are one of the BEST things about living in the Virgin Islands. This time of year they are hanging all over the place. People have so many of them, if you are lucky, you will have a friend who just gives them away. There is nothing better than a fresh mango right off the tree.

However, most people don’t know that mangos are in the poison ivy family and for those allergic to poison ivy touching the sap or the outside of the fruit can produce days or weeks of intolerable itching! For someone like me who loves mangos and is highly allergic to poison ivy, this means I have to beg friends to cut up the mangos for me so I can have a bite of my favorite fruit.

You Need to Put Money Down to Buy a Home

We get lots of "shoppers" looking to buy homes that simply cannot afford to do so. It often gets confusing for the agent to try to help them understand these issues, but I look at it as part of my job. Educating the buyer to understand what they can or cannot afford. This can be done through our experience with mortgage companies and how they will assess their finances, but it can also be done in an even more conservative manner. That is because even if you can afford to purchase a home, it is not always a smart financial decision.

I thought it would be hotter this time of year??

It is August in the Virgin Islands. That is peak summer months if you live in the States, the time when it is typically the hottest. And of course, people think that the VI is HOTTER than in the States.

But those people are wrong. When many areas Stateside are sitting in the triple digits, we stay much closer to a constant temperature, rarely breaking 90 degrees. Toss in some sporadic showers that cool things down, and we seem to be having nearly perfect weather right now. There is a strong Easterly breeze (which perfectly displays my Colorado Buffalo flag), and the waters are flat. I really don't know how it could get much better.

St. Thomas Real Estate Status- Straight From the Experts

I get asked all the time how the market is holding up on St. Thomas, Virgin Islands. Well, the island has seen better days, but all is not as bad as people tend to believe.

Sales seem to have picked up considerably in the last six months. What is interesting is that sales have been spread over a large spectrum, from small studio condominiums to luxury homes to bare land. When I refer to sales picking up, I mean that more sales are happening compared to the previous year. But that doesn't mean that prices are drastically increasing, as that does not seem to be the case. But I feel very comfortable that a bottom has formed and is steadily in place. There are actually indicators telling me that they are just starting to go back up.

Renter Nation

The recession and shifting demographics will swell the ranks of people who will rent, not buy, housing over the next five years. This is according to an interesting blog I found in Yahoo Real Estate: http://finance.yahoo.com/real-estate/article/110173/renter-nation?mod=re.... Read below to see the entire blog:

The American dream of owning a home is still very much alive, but it will be no more than a dream for a growing number of people over the next five years. That's bad news for home builders, who already have big troubles, as June's reports on housing starts, existing-home sales, building permits and unsold-home inventories showed. But it is good news for anyone renting out a home, apartment or condo, or any real-estate investment trust specializing in residential rental properties.

Hitting Magen's Bay for the Perfect Afternoon

Within minutes of chilling on Magens Beach, you will know you have hit the right spot for the perfect afternoon. Over half a mile of the perfect white sand. A bar, including beach service and delivery. Food (and good food, incredible pizza). Watersport rentals. Lounge Chairs. Picnic Tables. Nice trees on the beach for shade. Calm waters. This is what it is all about.

The other cool thing about Magens is that you are sure to see a lot of people you know. Most of the "locals" head down to the left side of the beach. The cruise ship passengers tend to congregate closer to the food and bar. But since the beach is so big, you can always find a peaceful spot, a party spot, or anything in between.

The perfect ending to the day, of course, is a visit to UDDER DELIGHT on your way back home. If you aren't familiar with Udder Delight, it is the milkshake stand just up the hill from the beach. With or without liquor, there are dozens of choices sure to wet your whistle.

A visit to St. Thomas without Magens Bay simply isn't complete.

Being Reminded of Why I Live on St. Thomas

My good college buddy Melvin P Squidman is down here for a visit with his wife. It is of course a great thing to have good friends visit. I want to show my guests a good time, and these two are pretty easy to please.

The other big advantage to having guests is what they can do for you. And the most important result of these visits is that they remind you why you live on St. Thomas. Whether you are able to join them for a scuba dive or not, their stories along resonate in your soul. Heading to Magen's Bay for a swim isn't just about the swim, it is also about seeing the smiles on their faces. These are the things we really enjoy down here, and sometimes it takes a guest to remind us of that.

Thanks Mel P.

And Then Came the Rains

I was reading the St. Thomas Daily News last week and saw that 2010 claims to be the rainiest June ever on record for St. Thomas and St. John. St. Croix had one wetter June in its history. We did have some really heavy rain falls near the end of the month, so I wasn't completely surprised by this fact. But after the last week and the downpours that became the norm, I would think our July is looking to be even wetter than our June.

It rained so hard on Tuesday that the roads were rivers. Waterfalls appeared in locations that hadn't seen runoff in months. Rockslides littered the roads. But most troublesome were the leaks that appeared in various homes across the islands.

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