Selasa, Agustus 31, 2010

Wapres: Dunia Makin Diwarnai Ketidakpastian

Wapres: Dunia Makin Diwarnai Ketidakpastian


Liputan6.com, Jakarta: Wakil Presiden Boediono menilai dunia saat ini makin diwarnai dengan ketidakpastian di berbagai bidang sehingga semua pihak harus bersama-sama mengatasinya. "Akhir-akhir ini saya mendeteksi satu hal, yakni makin meningkatnya ketidakpastian hidup di dunia. Dahulu semuanya bisa serba pasti," kata Boediono ketika memberikan sambutan dalam acara buka puasa bersama dengan para tokoh ulama di kediaman resmi Wapres Jakarta, Selasa (31/8). Hadir dalam acara itu antara lain Menteri Agama Suryadharma Ali, Ketua Umum PBNU Said Agil Siraj, serta puluhan ulama dan tokoh Ormas Islam.

Wapres mengambil contoh, bencana alam saat ini sering kali terjadi, juga perubahan iklim yang tak menentu, seperti hujan masih sering turun, padahal musim hujan biasanya turun pada akhir tahun. Ketidakpastian luar biasa juga dialami di bidang ekonomi yang antara lain ditandai dengan keluar masuknya uang yang bisa mengacaukan negara.

Bidang politik dan keamanan, tambah Wapres, juga diwarnai dengan ketidakpastian. Seperti terjadinya sejumlah ledakan bom di kawasan Indonesia serta di perbatasan laut. "Ini menunjukkan bahwa ketidakpastian harus dihadapi suatu negara," ucap Boediono. "Dalam keadaan seperti ini jangan harapkan kalau ada musibah ada uluran tangan dari bangsa lain."

Untuk itu, Wapres menilai, kita harus kuat dan mampu berdiri sendiri. Seperti dengan kuat dalam mandiri stok pangan, memperkuat cadangan devisa, ketahanan, ekonomi, dan sosial.

Boediono menegaskan, kunci untuk menghadapi ketidakpastian itu adalah kebersamaan dan kedekatan antarsesama. "Sayang kalau energi kita dibuang atau ribut di antara kita sendiri kalau melihat begitu besarnya tantangan dan ketidakpastian dunia seperti saat ini," ujar Wapres.

Boediono menilai peran ulama sangat penting dalam menjembatani antara pemerintah dan umat dalam upaya untuk meningkatkan komunikasi dua arah agar tak terjadi miskomunikasi. "Ke depan kerja sama pemerintah dan ulama sangat strategis dalam menghadapi ketidakpastian," kata Boediono. "Sayang kalau energi yang ada kita buang sia-sia, tapi hendaknya dipergunakan untuk mengatasi masalah dunia itu."(BOG/Ant)

http://id.news.yahoo.com/lptn/20100831/tpl-wapres-dunia-makin-diwarnai-ketidakp-e5c0aa3.html

Minggu, Agustus 29, 2010

Economist Shiller Sees Potential for 'Double Dip' Recession

Economist Shiller Sees Potential for 'Double Dip' Recession

by Simon Constable
Friday, August 27, 2010

provided by
wsjlogo.gif

With the U.S. economic recovery losing steam, the chances of a second phase of a slowdown are increasing, according to a leading economist.

More from WSJ.com:

Video: The Big Interview with Robert Shiller

Rosenberg: Odds of Double Dip Higher Than 50/50

Double Dip? Seven Reasons Why Not

Speaking in The Wall Street Journal's The Big Interview show, Robert Shiller, professor of economics at Yale University, said he thought the second dip down of a so-called double-dip recession "may be imminent."

Earlier this month, he told the Wall Street Journal he thought the chance of a double-dip recession, which he noted is a rare event, was greater than 50%.

[See U.S. Cities With the Strongest Job Markets]

Mr. Shiller now suspects that when the National Bureau of Economic Research eventually looks back at the data, the third quarter of 2010 might mark the beginning of the second dip of the recession.

In another indication of a faltering economy, the government estimate of second-quarter growth in gross domestic product was revised downward Friday.

Mr. Shiller also said he thinks the U.S. economy is "teetering on the brink of deflation." Deflation occurs when the general level of consumer prices falls, as was the case in the Great Depression. He said the U.S. is ill-prepared for such an event because of the lack of "indexing" in contracts.

Deflation is generally considered to be a worse problem for an economy than moderate inflation. The Federal Reserve has been adopting measures to add liquidity into the economy and stave off the danger of deflation.

[See Why Spending Less Can Make You Happier]

In addition, the co-creator of the Case-Shiller Home Price Index said he is worried that housing prices could decline for another five years. He noted that Japan saw land prices decline for 15 consecutive years up to 2006. Data released earlier this week show the housing sector is performing at the worst level in decades.

Mr. Shiller said the biggest problem for the economy and the national psyche currently is unemployment, and he called on the federal government and local government to create jobs. Specifically, he suggested that schools employ an additional person in each class room as a teacher's aid. Not only would it employ millions, he said, but it would be good for the children. He said students would enjoy the extra attention of another person.

When asked about how to stimulate the private sector to create jobs, he noted that there was such uncertainty in the economy currently that businesses were backing off from making hiring decisions. At least part of that uncertainty is being caused by the lack of clarity over what part, if any, of the Bush-era tax cuts would be extended in 2011.

Mr. Shiller is also known as an expert on bubbles, having studied the technology-stock boom and bust, as well as the housing disaster. He said he doesn't think the bond market is in a bubble.

Write to Simon Constable at simon.constable@dowjones.com

http://finance.yahoo.com/family-home/article/110502/economist-shiller-sees-potential-for-double-dip-recession

Jumat, Agustus 27, 2010

Harga Beras RI Termahal, Pemerintah Salahkan Iklim

Jumat, 27/08/2010 17:39 WIB
Harga Beras RI Termahal, Pemerintah Salahkan Iklim
Ramdhania El Hida - detikFinance

Jakarta - Pemerintah menyalahkan kondisi perubahan iklim yang ekstrem sebagai penyebab melonjaknya harga beras dalam negeri. Bahkan saat ini harga beras Indonesia menjadi yang termahal di dunia.

Menko Perekonomian Hatta Rajasa menilai tingginya harga beras Indonesia merupakan suatu siklus. Selain karena harga beras dunia yang memang tinggi, iklim yang tidak menentu.

"Kita memang bergerak tinggi, tapi tahun 2009 kita sempat juga yang terendah. Jadi ini kan karena harga dunia juga tinggi, dan lihatlah ini, iklimnya," ujar Hatta sambil menatap awan yang mendung di sekitar kantornya, Jalan Lapangan Banteng, Jakarta, Jumat (27/8/2010).

Untuk menurunkan kembali harga beras tersebut, lanjut Hatta, pihaknya akan mengupayakan penambahan pasokan beras oleh Bulog. Selain itu, pemerintah tetap melakukan operasi pasar untuk menjaga harga beras.

"Dari sekarang kan kita sudah mengupayakan. Kita akan tambah pasokan, Agustus kan kita panen, September juga. Jadi kita minta Bulog harus menambah pasokan," tandasnya.

Sebelumnya, gejolak harga beras di pasar dalam negeri yang terjadi belakangan ini perlahan-lahan telah menempatkan harga beras Indonesia tertinggi dari negara-negara produsen beras dunia lainnya seperti Vietnam maupun Thailand.

Padahal tahun 2009 lalu ketiga harga beras dunia bergejolak justru harga beras di dalam negeri sangat stabil tak terpengaruh gejolak harga.

Direktur Utama PT Alam Makmur Sembada Ayong Suherman Dinata yang merupakan salah satu pedagang beras terbesar, mengatakan harga beras Indonesia untuk jenis medium sudah lebih tinggi 50-60% dari harga beras Vietnam dan Thailand.

"Harga beras Vietnam US$ 380 per metrik ton kalau sudah sampai di Indonesia hanya Rp 4.000 per kg, harga beras di sini sudah Rp 6.000-7.000 per kg," kata Ayong saat dihubungi
detikFinance.

Ayong menuturkan tren posisi harga beras Indonesia diatas harga beras dunia sudah mulai terjadi sejak dua bulan lalu. Ia pun tak bisa memastikan sampai kapan harga beras di dalam negeri tetap tinggi.

"Penyebabnya karena cuaca tak bersahabat, panen mundur, tidak cukup matahari, hama makin mengganas, produksi turun, ya harga naik," katanya.

Sehingga kata dia kenaikan harga beras di dalam negeri saat ini tidak terlepas dari faktor permintaan dan penawaran. Tudingan adanya permainan pasar terutama para pedagang, menurutnya hal itu tak benar.

"Kita tertinggi dibandingkan dengan negara-negara produsen beras di dunia, kecuali Jepang (premium)," katanya.

(nia/dnl)

Rabu, Agustus 25, 2010

Low prices and rates can't slow fall in home sales

Low prices and rates can't slow fall in home sales

Low mortgage rates and prices fail to stop home sales from sinking to weakest in 15 years


Related Quotes

SymbolPriceChange
ZIPR2.52-0.01
Chart for ZipRealty, Inc.
, On Tuesday August 24, 2010, 4:54 pm EDT

WASHINGTON (AP) -- Home prices in many parts of the country scream bargain, and mortgage rates haven't been this low for decades. So why are houses across the nation sitting on the market for so long?

Sales of previously occupied homes in the United States fell 27 percent in July, the weakest showing in 15 years, the National Association of Realtors said Tuesday. It was the largest monthly drop in the four decades that records have been kept.

Potential buyers are hesitating because they think home prices still have further to fall. Potential sellers -- those with the stomach to put their homes on the market at all, anyway -- are reluctant to lower their prices.

"It really is a self-fulfilling prophecy," said Aaron Zapata, a real estate agent in Brea, Calif. "If all buyers perceive that home prices are coming down, then they will stop making offers -- and home prices will come down."

While the standoff plays out, home sales are plummeting.

Sharp declines were recorded in each of the four regions the group tracks. Yet the pain is being felt unevenly from state to state and city to city. Some markets are rebounding even as others languish.

Sellers in sluggish markets like Las Vegas and Chicago can expect to wait an average of more than five months to sell their homes, according to real estate brokerage ZipRealty Inc. It's even worse in Palm Beach, Fla., where it takes nearly six months, longest in the nation.

In healthier markets such as San Francisco and Denver, the average wait is only about two months. Sellers in Washington appear to have the nation's best major market; they are waiting only about a month and a half.

Beyond geography, the sales numbers vary depending on the price of the home.

The biggest drops in sales are among homes in the low and middle price ranges. For example, 47 percent fewer homes in the Midwest priced between $100,000 and $250,000 sold in July, compared with July last year. By contrast, sales of million-dollar-plus homes in that region actually rose slightly year over year.

This spring, government tax credits helped drive sales, especially among first-time buyers of less expensive homes. But those tax credits have expired now, and many people rushed to lock in sales before they did.

Since then, the number of homes lingering on the market has swelled to nearly 4 million in July. At the current pace of sales, it would take about a year and two weeks to sell all those homes and get them off the market. A healthy level is six months.

Laurie Salaman has been trying to sell her home in New York for a year so she can move to the suburbs. She's had no offers, even after cutting her listing price on the three-bedroom Bronx home from $475,000 to $449,900.

She notes that she has upgraded the kitchen and bathrooms, refinished the basement and put in new decks and patios. Her goal is to take about $100,000 from the sale and put it toward the purchase of the new house. She said she won't lower the price again.

"That's my bottom price," Salaman said. "If I don't get that price, then I will hold off until the market gets a little better."

Not every seller is so firm. Scott Prestopino has cut his listing price on a five-bedroom home in Carmel, N.Y., to $550,000, from $675,000 in December. He had one offer in April, but the buyer backed out.

Prestopino and his family want to move back to Briarcliff Manor, N.Y., where they had lived for 15 years. They've looked at homes on the market there, but that's all they can do.

"I can't carry two houses," he said.

The housing market is also being hampered by the weakening economic recovery. Unemployment remains stuck at 9.5 percent, and many potential buyers worry that they might not have a job to pay the mortgage.

Prices have also fallen because foreclosures are running about 10 times higher than before the housing bust. Though the average rate for a 30-year fixed mortgage has fallen to 4.42 percent, many people can't qualify because banks have tightened lending standards.

The drop in July sales compared with June was worst in the Midwest, at 35 percent. Sales sank 30 percent in the Northeast, 25 percent in the West and 23 percent in the South.

Nationally, the median sale price was $182,600, up 0.7 percent from a year ago, but down 0.2 percent from June.

More broadly, the plunge in home sales is magnifying fears that a worsening real estate market could cause consumers to pull back on spending. The overall economy would suffer.

"The housing market is undermining the already faltering wider economic recovery," said Paul Dales, U.S. economist with Capital Economics. "With the increasingly inevitable double-dip in prices yet to come, things could yet get a lot worse."

Elphinstone reported from New York.

http://finance.yahoo.com/news/Home-sales-plunge-27-pct-to-apf-2949326144.html?x=0

Lebih Rp6 Miliar Dana Jamsostek Tak Bertuan

Lebih Rp6 Miliar Dana Jamsostek Tak Bertuan


Jakarta (ANTARA) - Sampai saat ini PT Jamsostek telah menyimpan dana lebih dari Rp6 miliar milik peserta yang alamat dan kepemilikannya tidak jelas, atau tak bertuan.

Oleh karena itu, PT Jamsostek akan mencari alamat para pemiliknya karena sudah ditinggal sejak sekitar 30 tahun silam, kata Dirut PT Jamsostek Hotbonar Sinaga kepada pers di Jakarta, Selasa

Kepada mereka yang merasa punya atau pernah menjadi peserta Jamsostek untuk segera melapor, dan pihaknya akan memberikan bantuan teknis jika hal itu diperlukan, katanya.

Menurutnya, pengembalian dana milik peserta yang lama tidak diurus itu merupakan tanggungjawab PT Jamsostek yang ke depan akan terus menuju ke arah transparansi sebagai pelaksanaan tata kelola perusahaan yang baik (GCG).

Untuk itu, dalam waktu dekat ini, pihaknya akan segera mengumumkan kepada publik, membuka pelayanan pengurusan terhadap dana milik peserta yang selama ini tidak dilanjutkan atau tidak diurus, kata Hotbonar seraya menambahkan, Jamsostek saat ini melakukan registrasi ulang untuk memastikan pemilik sesungguhnya dan menghindari keaggotaan ganda.

Pada kesempatan itu, Hotbonar didampingi Direktur Operasi, Ahmad Anshori, Direktur Investasi, Elvyn G. Masassya, Direktur Kepatuhan Karsanto, mengatakan, dana milik peserta yang alamat pemiliknya tidak jelas itu jumlahnya mencapai lebih dari Rp6 miliar jika dilihat dari jumlah peserta non aktif secara total.

"Kita mengklasifikasikan dana milik pekerja non aktif ada yang sudah lima tahun, 10 tahun, 15 tahun sampai 30 tahun. Jumlahnya ini jutaan orang, dan nilainya miliaran rupiah," katanya lagi.

Menurut Hotbonar, hal itu terjadi karena banyak peserta Jamsostek ketika pindah ke purusahaan lain tidak dilanjutkan lagi atau tidak diurus oleh perusahaanya atau pesertanya.

"Mungkin saja ada perusahaan yang nakal, yang tidak membayar sesuai dengan peraturan perundang-undangan sehingga hal ini tidak diinformasikan kepada peserta, selain peserta sendiri tidak mengerti kalau dirinya dimasukkan ke dalam program Jamsostek.

Dalam era transparansi ini, pihaknya akan menjadikan perusahaan yang dapat dipercaya oleh masyarakat luas. Usaha mengembalikan dana kepada pemiliknya itu karena Jamsostek sesungguhnya hanya memegang amanah untuk menyimpan dan mengembangkan dana milik pesertanya.

Menjawab pertanyaan, ia mengatakan, tujuan mengembalikan dana milik peserta yang "tidak bertuan" itu, untuk menurunkan jumlah peserta non aktif, dan meningkatkan jumlah peserta yang aktif sehingga struktur keuangan Jamsostek akan lebih baik, karena saat ini jumlah anggota Jamsostek non aktif justru paling besar.

"Selain itu, Jamsostek akan mengelola dana milik peserta yang memang jelas. Kalau ada yang punya harus dikembalikan atau disuruh untuk melanjutkan agar menjadi peserta aktif," katanya.

Catatan Jamsostek menunjukkan, perkembangan kepesertaan program Jamsostek sampai Juni 2010, jumlah tenaga kerja yang aktif mencapai 8,9 juta, sedang non aktif 21,6 juta orang. Sementara jumlah perusahaan peserta Jamsostek yang aktif ada 127.106 perusahaan dan peserta perusahaan non aktif 88.589 perusahaan.

Sementara untuk pembayaran dan santunan secara nasional sampai Juni 2009 sebanyak 504.883 kasus dengan jumlah pembayaran sebesar Rp3,53 trilun.

Jika dibandingkan dengan pembayaran jaminan santunan secara nasional selama 2010 (per juni) terdapat kenaikan menjadi 526.646 kasus, namun nilai pembayarannya turun menjadi Rp3,39 triliun.

http://id.news.yahoo.com/antr/20100825/tpl-lebih-rp6-miliar-dana-jamsostek-tak-cc08abe.html

Senin, Agustus 23, 2010

LA unveils $578M school, costliest in the nation

LA unveils $578M school, costliest in the nation

Edward R. Roybal Learning Center is seen in Los Angeles (AP Photo/Damian Dovarganes)

In this photo taken on Tuesday, Aug. 10, 2010, the Visual and Performing Arts High School is seen in Los Angeles. Next month's opening of the Robert FAP – In this photo taken on Tuesday, Aug. 10, 2010, the Visual and Performing Arts High School is seen in …

LOS ANGELES – Next month's opening of the Robert F. Kennedy Community Schools will be auspicious for a reason other than its both storied and infamous history as the former Ambassador Hotel, where the Democratic presidential contender was assassinated in 1968.

With an eye-popping price tag of $578 million, it will mark the inauguration of the nation's most expensive public school ever.

The K-12 complex to house 4,200 students has raised eyebrows across the country as the creme de la creme of "Taj Mahal" schools, $100 million-plus campuses boasting both architectural panache and deluxe amenities.

"There's no more of the old, windowless cinderblock schools of the '70s where kids felt, 'Oh, back to jail,'" said Joe Agron, editor-in-chief of American School & University, a school construction journal. "Districts want a showpiece for the community, a really impressive environment for learning."

Not everyone is similarly enthusiastic.

"New buildings are nice, but when they're run by the same people who've given us a 50 percent dropout rate, they're a big waste of taxpayer money," said Ben Austin, executive director of Parent Revolution who sits on the California Board of Education. "Parents aren't fooled."

At RFK, the features include fine art murals and a marble memorial depicting the complex's namesake, a manicured public park, a state-of-the-art swimming pool and preservation of pieces of the original hotel.

Partly by circumstance and partly by design, the Los Angeles Unified School District has emerged as the mogul of Taj Mahals.

The RFK complex follows on the heels of two other LA schools among the nation's costliest — the $377 million Edward R. Roybal Learning Center, which opened in 2008, and the $232 million Visual and Performing Arts High School that debuted in 2009.

The pricey schools have come during a sensitive period for the nation's second-largest school system: Nearly 3,000 teachers have been laid off over the past two years, the academic year and programs have been slashed. The district also faces a $640 million shortfall and some schools persistently rank among the nation's lowest performing.

Los Angeles is not alone, however, in building big. Some of the most expensive schools are found in low-performing districts — New York City has a $235 million campus; New Brunswick, N.J., opened a $185 million high school in January.

Nationwide, dozens of schools have surpassed $100 million with amenities including atriums, orchestra-pit auditoriums, food courts, even bamboo nooks. The extravagance has led some to wonder where the line should be drawn and whether more money should be spent on teachers.

"Architects and builders love this stuff, but there's a little bit of a lack of discipline here," said Mary Filardo, executive director of 21st Century School Fund in Washington, D.C., which promotes urban school construction.

Some experts say it's not all flourish and that children learn better in more pleasant surroundings.

Many schools incorporate large windows to let in natural light and install energy-saving equipment, spending more upfront for reduced bills later. Cafeterias are getting fancier, seeking to retain students who venture off campus. Wireless Internet and other high-tech installations have become standard.

Some pricey projects have had political fallout.

After a firestorm over the $197.5 million Newton North High School in Massachusetts, Mayor David Cohen chose not to seek re-election and state Treasurer Timothy Cahill reined in school construction spending.

Now to get state funds for a new school, districts must choose among three designs costing $49 million to $64 million. "We had to bring some sense to this process," Cahill said.

In Los Angeles, officials say the new schools were planned long before the economic pinch and are funded by $20 billion in voter-approved bonds that do not affect the educational budget.

Still, even LA Unified Superintendent Ramon Cortines derided some of the extravagance, noting that donations should have been sought to fund the RFK project's talking benches commemorating the site's history.

Connie Rice, member of the district's School Bond Oversight Committee, noted the megaschools are only three of 131 that the district is building to alleviate overcrowding. RFK "is an amazing facility," she said. "Is it a lot of money? Yes. We didn't like it, but they got it done."

Construction costs at LA Unified are the second-highest in the nation — something the district blames on skyrocketing material and land prices, rigorous seismic codes and unionized labor.

James Sohn, the district's chief facilities executive, said the megaschools were built when global raw material shortages caused costs to skyrocket to an average of $600 per square foot in 2006 and 2007 — triple the price from 2002. Costs have since eased to $350 per square foot.

On top of that, each project had its own cost drivers.

After buildings were demolished at the site of the 2,400-student Roybal school, contaminated soil, a methane gas field and an earthquake fault were discovered. A gas mitigation system cost $17 million.

Over 20 years, the project grew to encompass a dance studio with cushioned maple floors, a modern kitchen with a restaurant-quality pizza oven, a 10-acre park and teacher planning rooms between classrooms.

The 1,700-student arts school was designed as a landmark, with a stainless steel, postmodernistic tower encircled by a rollercoaster-like swirl, while the RFK site involved 15 years of litigation with historic preservationists and Donald Trump, who wanted to build the world's tallest building there. The wrangling cost $9 million.

Methane mitigation cost $33 million and the district paid another $15 million preserving historic features, including a wall of the famed Cocoanut Grove nightclub and turning the Paul Williams-designed coffee shop into a faculty lounge.

Sohn said LA Unified has reached the end of its Taj Mahal building spree. "These are definitely the exceptions," he said. "We don't anticipate schools costing hundreds of millions of dollars in the future."

http://news.yahoo.com/s/ap/20100822/ap_on_re_us/us_taj_mahal_schools

Sabtu, Agustus 21, 2010

22 Cities in Danger of a Double-Dip Recession

22 Cities in Danger of a Double-Dip Recession

by Hibah Yousuf, Staff Reporter
Saturday, August 21, 2010

honda.jpg
(Courtesy of Moody's Economy.com)

The chance of a national double-dip recession is hotly debated amid an increasing number of signs that the economic recovery is losing pace, but the risk is particularly troublesome on a local level.

More from CNNMoney.com:

JetBlue Brings Back All-You-Can-Fly Deal

What Are America's Investing Legends Buying?

American Apparel's Future in Serious Jeopardy

A new report from Moody's Economy.com singled out 22 cities that are at risk of slipping back into a recession in as early as three months. To come to this conclusion, the economists considered dwindling progress in employment, housing starts, home prices and industrial production. (See the map above for the full list.)

[See U.S. Cities With the Strongest Job Markets]

The at-risk cities are spread across the country, though more than half of the cities are in the South, and five are concentrated in the Midwest.

"With chances of a national double-dip recession now estimated at about one in four, several metro areas will probably experience their own downturns in the first half of 2011," said economist Andrew Gledhill, author of the report.

Private sector hiring has been tapering off in recent months compared to the start of the year, triggering Moody's to boost its forecast for a national double-dip from a 20% chance to 25% chance.

What's a double dip? No one really knows.

In the 22 identified metro areas, Gledhill said private sector hiring is particularly sluggish, increasing the chances of a slowdown.

Without a substantial pick-up in hiring, Gledhill said the number of cities in danger of a double-dip recession could grow, possibly reaching the triple-digits.

[See 21 Ways to Save on Restaurants, Travel, and More]

"There was a time when all 384 metro areas were in a recession. We probably won't get to that point again, but given the growing risk of another national recession, we're on the lookout for more metro areas that will be weakening substantially on several levels over the next six months to a year," Gledhill said.

He added that a handful of metro areas, particularly those that are industrial economies, are also suffering from a recent falloff in manufacturing.

http://finance.yahoo.com/family-home/article/110374/22-cities-in-danger-of-a-double-dip-recession

Death of the 'McMansion': Era of Huge Homes Is Over

Death of the 'McMansion': Era of Huge Homes Is Over

Huge suburban home (Thinkstock)
cnbc


On Thursday August 19, 2010, 2:15 pm EDT

They've been called McMansions, Starter Castles, Garage Mahals and Faux Chateaus but here's the latest thing you can call them - History.

In the past few years, there have been an increasing number of references made to the "McMansion glut" and the "McMansion backlash," as more towns pass ordinances against garishly large homes, which are generally over 3,000 square feet and built very close together.

What sets a McMansion apart from a regular mansion, according to Wikipedia, are a few characteristics: They're tacky, they lack a definitive style and they have a "displeasingly jumbled appearance."

Well, count 2010 as the year the last nail was hammered into the McCoffin: In its latest report on home-buying trends, real-estate site Trulia declares: "The McMansion Era Is Over."

Just 9 percent of the people surveyed by Trulia said their ideal home size was over 3,200 square feet. Meanwhile, more than one-third said their ideal size was under 2,000 feet.

"That's something that would've been unbelievable just a few years back," said Pete Flint, CEO and co-founder of Trulia. "Americans are moving away from McMansions."

The comments echoed those made in June by Kermit Baker, the chief economist at the American Institute of Architects.

"We continue to move away from the McMansion chapter of residential design, with more demand for practicality throughout the home," Baker said. "There has been a drop off in the popularity of upscale property enhancements such as formal landscaping, decorative water features, tennis courts, and gazebos."

"McMansions just look and feel out of place today, given the more cautious environment everyone's living in," said Paul Bishop, vice president of research for the National Association of Realtors.

And homebuilders are heeding the call: In a survey of builders last year, nine out of 10 said they planned to build smaller or lower-priced homes.

Even in Texas, the land of go big or go home, they're downsizing.

Diane Cheatham, owner of Urban Edge Developers in Dallas, said today, the average size of home they're building is 2,200 square feet, down from 2,500 in 2005 - which was considered small for Dallas back then.

She said the trend there is more toward building green homes instead of big homes. Right now, they're building a 1,200-square-foot uber-green home for a couple that's downsizing from 3,000-square feet, Cheatham explained.

1,200? Some of the hair in Texas is bigger than that!

"We've never built one that small," Cheatham confessed, but added: "I think that's just a good example of the trend right now."

For a little historical context, 1,200 square feet was the average home size in America in the 1960s. That grew to 1,710 square feet in the 1980s and 2,330 square feet in the 2000s.

What's more, many in the real-estate business say they think this trend of downsizing, or "right-sizing," as Flint likes to call it, is here to stay.

"This is absolutely a long-term effect," he said. "Think of families with small children who've been foreclosed upon ... When these teenagers are in a position to buy a home, they won't want to go through these experiences they saw their parents go through."

Of course, the question becomes, what do we do with all these McMansions that have already been built?

It's tempting to make jokes about what you might do with a former McMansion but with crime on the rise in neighborhoods littered with abandoned McMansions, Christopher Leinberger, in an article for the Atlantic, asked a sobering question: Is this the next slum?

Luckily, people are starting to get creative: A film collective in Seattle has taken over a 10,000-square foot McMansion there, using it for both living and work space. They turned a wine closet into an editing room and tossed a green screen in the garage. And in a suburb of San Diego, one couple turned a former McMansion into a home for autistic adults.

The demise of the McMansion has stirred a growing chorus of murmurs in the real-estate community about the possibility that it may force a dramatic redesign of the suburban McMansion tracts into mini-towns of their own, turning these icons of excess into more practical spaces like offices, banks, grocery stores and movie theaters.

Though, given some of the poor quality of materials and craftsmanship, it begs the question, would it be better to just tear them all down and start from scratch?

Have some thoughts on what to do with former McMansions? Drop a comment in the box below. Or, emailponyblog@cnbc.com.

More from the Pony Blog at ponyblog.cnbc.com.

http://finance.yahoo.com/news/Death-of-the-McMansion-Era-of-cnbc-1051033821.html?x=0