I'm always curious about this. Especially with the habits of American to buy up to and beyond what they can afford.....and trade up for bigger and beter. We have a 1550 square foot house with partially finished downstairs. All 7 of us live in here comfortably. Yes, there are times when it doesn't feel like enough, but hey when we are old and our kids leave I don't want stuck with a big house and I want my kids to always be able to come home.
This leads me to thinking of Korea. You have small homes with extended family members living under one roof. It's big enough for them. Why do we as Americans 'think' we have to have it all? We were just talking with my ex-brother in law yesterday because he's a builder. He was talking about a house that was for sale near the home he was building. I said that I wouldn't pay that much for a house and he said well you're not going to get a 3,000 square foot house for less and I told him I didn't want a house that big. He and his two boys, who only live with him part time, live in a 4,000 square foot house and he told me he couldn't imagine less. He looked at me like I had two heads.
Why is bigger always better, even if you can afford it?