Growth and home size trends

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Homes are getting bigger and bigger. Interesting analysis of American homes size trends between 1975 and 2013, as well as interesting reflections on the consequences in terms of social inequality:

America’s bloated house size is a two-sided problem. For one, it’s yet another indicator of the nation’s deepening economic divide. The wealthy are pouring more and more money into trophy homes, while the professional and knowledge classes, too, are demanding more space for family and media rooms. The poor, meanwhile, are crammed into urban quarters or pushed out to older, dilapidated housing in the suburbs.

and lack of growth and economic opportunities:

For another, it funnels precious capital that could be used to invest in skills and technology and to build up our economic assets into unnecessary, energy-gorging homes. That leads to a mere illusion of economic progress, what urban economist Paul Gottlieb aptly dubbed “growth without growth.”

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