I was watching an interview recently about people who build and live in these houses that are literally 100sqft to 300sqft. The houses appeared to range from about $10,000 to $100,000. The one statement that I did like was how these people opted to not be slaves of their homes by not purchasing a large home that they cannot afford. As a result, many of them say that they can get by with as little as about $15,000 a year if they need to from what I heard.
I suppose in many ways it makes sense. For these types of lifestyle items, I am usually a bit more picky about the value that you get for your dollar in comparison. I think those Smart Cars are a perfect example of it. Basically, the vehicle is more compact, should be cheaper to operate and so it makes more sense to buy that as oppose to a more traditional vehicle if it worked for your lifestyle. But when thinking about it, these vehicles are usually almost the same price as a traditional sized vehicle. In that sense, itâ€™s more like you are paying for the novelty of the item.
Similar with these tiny houses, there is this one in Toronto that you can see at http://www.thelittlehouse.ca/page6.aspx which costs well into the six figure ranges and to me it just seems too much from a general value standpoint. Wouldnâ€™t that be interesting though if we start seeing a revelation of say city neighborhoods that consisted of nothing but compact vehicles and tiny houses like these considering people are looking for ways to save money during these times.