Spoonman
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- Jul 15, 2010
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a sign of the times
Inside Luxury Tiny Homes: Millennials, Retirees Bucking Mortgages and McMansions | Daily Ticker - Yahoo Finance
..Inside Luxury Tiny Homes: Millennials, Retirees Bucking Mortgages and McMansions
The housing market is 67% back to normal according to Trulias Housing Barometer and the post-crisis recovery is on-track, according to the latest home price figures from Case-Shiller. But these gauges may be missing a tiny but growing slice of todays housing market.
Related: Housing Future Looks Bright But is Dependent on the Job Market
For example, Ella Jenkins of Frasier Park, California, is a 23-year-old homeowner. She built her own house, and it has everything she needs. Theres just one catch: its only 130 square feet and its built on wheels (i.e. a trailer). The home cost her $16,000 to build, and she constructed it with her father in the driveway of her familys home. It was a yearlong D-I-Y project, but a tiny home with no mortgage or rent means she has the economic freedom to pursue music and art. She wont get forced into a career path she doesnt want. (See the video above for a tour of Jenkins house.)
Inside Luxury Tiny Homes: Millennials, Retirees Bucking Mortgages and McMansions | Daily Ticker - Yahoo Finance
..Inside Luxury Tiny Homes: Millennials, Retirees Bucking Mortgages and McMansions
The housing market is 67% back to normal according to Trulias Housing Barometer and the post-crisis recovery is on-track, according to the latest home price figures from Case-Shiller. But these gauges may be missing a tiny but growing slice of todays housing market.
Related: Housing Future Looks Bright But is Dependent on the Job Market
For example, Ella Jenkins of Frasier Park, California, is a 23-year-old homeowner. She built her own house, and it has everything she needs. Theres just one catch: its only 130 square feet and its built on wheels (i.e. a trailer). The home cost her $16,000 to build, and she constructed it with her father in the driveway of her familys home. It was a yearlong D-I-Y project, but a tiny home with no mortgage or rent means she has the economic freedom to pursue music and art. She wont get forced into a career path she doesnt want. (See the video above for a tour of Jenkins house.)