Fireballsocal wrote:
I can see the attraction. From a young persons viewpoint, or even someone who wasn't able to land the career that could buy a house or even a mobile home, a $300,000 mortgage seems unimaginably unaffordable, and they see no need for 1400 sq/ft of space to hold all the junk that marketers get us to buy. While I am firmly on the home owner side, I fully admit there is way more waste and gluttony in this life style.
At no time in history did we occupy so much space with our homes and there really isn't a necessity for a 3 bedroom 2 bath house for one person or even two. The tiny house premise draws you in with affordable living, a quick to pay off mortgage, and the ability to contribute more of your earnings to experiences (big requirement for millennials). While I agree with most of you that it's not for most people and not even for most people that buy into the idea, the underlying theme behind tiny houses (Minimalism) isn't a bad thing at all.
From my point of view of the "tiny" house craze they are noting more than a over the top glitzed out camping cabin on wheels.
As far as "saving money" on a mortgage, many of those tiny homes are way over priced for what you really get, quality no better than a small mobile home and will have far, far less resale value if those folks were to decide OR NEED to sell down the road..
Tiny homes since they are not attached to land and they are on wheels are most likely to depreciate faster than a RV and the appeal is to a extremely narrow audience of potential buyers.
The tiny craze really started from made for TV unreality programs, can't hardly watch an evening of TV without running into at least two channels catering to the tiny craze.
At least with MOST sticks and bricks homes you do have a decent chance of selling and getting not only what you bought it for but any equity from APPRECIATION of the value.
I will however agree that the super sized mentality that has been the industry norm in sticks and bricks for many years is way out of proportion..
I intentionally bought a SMALL MODEST sticks and bricks 25 plus yrs ago and at just under 1200 square feet is plenty of space for my family.. Can't wrap my head around those 3,000-5,000 square foot homes with 4 bedrooms and 4 baths for a small family of one or two kids..