In the late-90’s and early-2000’s, the economy was rocking, the internet was booming, and money was flowing. As a new generation of homebuyers began accumulating wealth, a trend emerged and people started buying and building “McMansions” – larger than average homes with more square footage than the average family really needs.
Right around 2009 to 2010, there was a stark correction. Fueled in part by a crashing economy, a mindset shift occurred. People started to crave the idea of minimalism, simplicity, and small spaces. People who had previously owned 7,000-square-foot mansions were moving into moderately sized 2,500-square-foot homes and enjoying more focused lifestyles.