Given our current economic climate, I guess I shouldn’t be surprised that people are looking to downsize. But I am surprised at how far down some people are sizing, trading in their old houses for abodes as tiny as 100 square feet.
CNN recently profiled Bill Kastrinos on their website, a builder who not only manufactures such mini-homes, but who lives in one himself. The houses, which go for between $15,000 and $20,000, are on wheels, so they can be easily moved.
But Kastrinos isn’t alone in his thinking. Other builders have begun offering tiny condos in wealthy cities, such as San Francisco, for people who are willing to give up space for price and location. Condos in the Cubix Yerba Buena building range from 250 to 350 square feet in size and start at $279,000 – which is stone cold cheap for San Fran, where the median home price is about five hundred thousand dollars more than that.
Obviously, families with kids would have difficulty living in such cramped quarters. But is this something you might consider, if you had no kids, or perhaps for when your kids are grown? How much space do you really need?