Houses are getting bigger here, and often at the expense of human-scale properties that fit in neighborhoods. What do you think about this? Please vote.
My colleague Gene Balk reports today that more than 1,500 houses were torn down in King County from 2012 to 2014 and replaced with a larger home. On average, the new house is twice the size of the one it replaced.
He writes, “On average, these teardowns are 1,546 square feet in size, while the new houses built in their place clock in at 3,219 square feet. More than 450 of the teardowns were replaced by a home at least three times larger. The greatest concentration of these is in Kirkland and Bellevue on the Eastside, and in North Seattle — especially Ballard and Phinney Ridge.”
American houses have been getting larger. In 1973, the first year the Census Bureau measured, the median size was 1,660 square feet. Last year, it was 2,453 square feet. The average family has slightly fewer members.
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This Week’s Links:
• The rise of anti-Black Friday branding | The Atlantic
• A tax on carbon pollution can benefit business | Scientific American
• The cost of redistributing wealth | Noah Smith
• Trends in oil production | Econobrowser
• Islamic State as hypermodern momentum traders | Tyler Cowen
Today’s Econ Haiku:
Stock our authenticity
Apathy shelves them