This banner, on an unsold custom home in a well-to-do suburb, somehow manages to send a message that is at once desperate and arrogant.
This is (or was, pre-meltdown) a million-dollar home with the equivalent of a “going out of business sale” sign slapped on it. But if I’m an interested a buyer, it goes without saying you’ll show it to me on weekends. Monday through Friday too.
If there isn’t a market for McMansions on barren hillsides…if conspicuous consumption is no longer fashionable (to say nothing of affordable)…Maybe, just maybe, something different is needed.
—In Oakland, Forest City’s Uptown development offers residents free annual membership to Zipcar, free public transit passes, and access to bikes.
—At SOMA Grand in San Francisco, TMG Partners provides Smart cars for residents to use through the local car sharing service, City CarShare.
—In Sacramento, where foreclosure rates are among the highest in the nation, sales at Whitney Ranch dried up until Standard Pacific Homes put solar systems on a group of new models. When those sold out, the builder then installed panels on all of its homes in the development.
—At Trilogy Central Coast, about an hour north of Santa Barbara, Shea Homes has earned national media attention (see here and here) for building a community that revolves around wine and food, catering to 50-plus buyers’ interest in the social aspect of cooking.
—In Palmdale, an hour north of Los Angeles, KB Home has overcome a market reeling with foreclosures by dropping larger floorplans and focusing on smaller, more affordable homes, bringing monthly payments down to levels that are competitive with rental rates in the area.
To be fair, it’s not just McMansions like the one above that aren’t selling. Vinester Mollie Carmichael comments that even the most desirable communities “likely aren’t making money; they’re just bleeding less.” This is today’s reality.
But in the drive to innovate our way out of the current mess, which approach are you betting on?
Will we restore equilibrium by inventing smarter, better, more thoughtful forms of housing, holistically integrated into healthy, vibrant communities?
Or will we be “Open Weekends”?