Tiny homes have become a very hip trend over the last few years. This has been driven hugely by demand for affordable housing. Realizing this need, a developer in Province, Rhode Island, converted the oldest shopping mall in America into 48 tiny homes.
This video gives you a peak at these tiny apartments, sized at about 225 square feet. Many of the residents are not at home very often or for long periods. Therefore, the size of the apartment is not a big issue.
If you live in a large US city, affordable housing is a challenge. In cities such as Los Angeles, New York, Boston or Washington DC, a one-bedroom apartments cost $2000 or more per month. In Providence, the cost is closer to $1000 for a one-bedroom. The tiny homes in Providence Mall start at $550 per month, so almost half the city average.
The Appeal of Tiny Homes
I’m not surprised why tiny homes interest so many people. Imagine changing your life in such a way that you drastically reduce your debt and rid yourself of clutter. And to boot, you can make a statement against consumerism.
More people are realizing that they don’t want the responsibilities and financial burden that come with owning a larger house. Moreover, tiny homes give many people a chance to get their debt under control. For some, it means they can beat homelessness.
Perhaps with three kids still at home, these tiny homes are not ideal for me. But for people that work or travel a lot, a tiny home may be a very smart option. What are your thoughts? Could you live in a tiny apartment like this?
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