Scaling down getting trendy?

A January 8 LATimes article called The Upside of Scaling Down almost makes it sound trendy to scale down to a tinier dwelling.

Of note:

"It wasn't that the other place was so expensive. It was just too big, and I didn't want to get lots of stuff just to fill the space. I don't need that much stuff just to make me happy."

Geesh, what will happen to our consumer-driven economy if everybody starts thinking like this?!?!!

In the meantime, watching for signs of a bubble bursting in my neighborhood is like watching paint dry.