For most people, a dream home could be a sprawling space, with a mansion-like abode and room after room of living amenities that only the affluent can have. Many years later, more and more people are dreaming about living in a more compact space with each area carefully configured and customized according to the household’s needs.
Tiny living website Tinylife.com tried to explain why this type of home and lifestyle has encouraged more and more people to jump into the bandwagon.
“The tiny life provides huge financial advantages and the ability to live a lifestyle filled with adventure. For most Americans, 1/3 to 1/2 of their income is dedicated to the roof over their heads! That means many people will spend a lot of time figuring out how to afford their homes. Buying a house often translates to at least 15 years of working over your lifetime to pay for it. Because of the high cost of owning a “typical-sized” home, as well as the associated expenses (and culture of “buy now, pay later”), 76% of Americans are living paycheck to paycheck.”
Read their whole web post here.
The Tiny Home Market
CNBC.com meanwhile came up with a feature on the tiny home market, and the whole industry that is powering it. It also discussed the demographics of those who may just want to purchase such a home.
“With all the recent exposure on TV, websites and social media, the tiny house industry has become a total buyers’ market. The majority of those buyers, Weissmann indicates, are aged 35-55 and mostly female. Generally speaking, tiny homes range from 100 to 500 square feet with a median list price of $119,000. And no matter the size, it’s hard to argue with that price.”
The continuation can be found here.
The Disadvantages of Going Tiny
While acknowledging that tiny homes remain to be a trend, Business Insider came up with a feature web article on the real score of tiny home living. In the write-up they mentioned several disadvantages of tiny living as experienced by small home dwellers.
“While it’s nice to be able to move your home around, zoning laws can make it difficult. According to Thrillist, some zoning laws make tiny living illegal — even if you buy land, there’s the possibility it’s illegal to build a tiny home on it.”
Read the rest of the material here.
Regardless of the disadvantages, most industry experts believe, that the tiny home trend could last a little bit more.
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