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Originally Posted by photoLith
I always wonder what will happen with these awful houses in 30-70 years. I highly doubt there will ever be a preservationist movement for this junk. Most of these houses will fall apart as they were mostly built on the cheap and never hold their value. I'd love to see most awful 80s-now suburbia tract housing McMansion crap turn into slums in the future.
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If the schools remain good, the property values will remain high. School districts largely determine property values (in the U.S. suburban context).
And, it's anecdotal, but it seems that professional class immigrants, especially Asians and Middle Easterners, love McMansion sprawl, while "traditional" upper class whites (WASPs, secular Jews, affluent Catholics) don't. The former group is growing faster than the latter, so there will still probably be a market for such homes.