Tiny Houses in Boom Amid Real Estate Decline

December 01, 2010 / Russell Legato, Residential Property Analyst

In the recent residential real estate market, home builders are now building tiny houses instead of the larger ones. Developers understand the need to built tiny houses for it requires limited spaces and amount, and an increasing number of Americans today are opting to buy tiny houses than trying to pay expensive mortgage for larger homes.

Tiny Houses in Boom Amid Real Estate Decline

Miniatures homes or tiny houses are becoming a more practical place to live, sizes ranges from between 65 to 1000 square feet. Prices may vary between $40 to $50,000.

Little House on The Trailer’s owner Stephen Marshall said that the trophy house and the MacMansions are becoming less essential to people, realizing that cost and the value of owning such property is less affordable than owning tiny houses.

Popularity of tiny houses begins when owner and builder of miniature house, Jay Shafer, released his book called “Small House Book”; he is also the co-owner of a company called Tumbleweed Tiny House.

Shafer said that living in tiny houses means knowing what makes a person happy without having much.

Tumbleweed Tiny House Company builds and designs tiny residences with a minimalist plan. The company designs houses that can be attached to public utilities, which are attracting many people recently.

The company designs and builds ready-made house worth between $40,000 to $50,000. It has also grown dramatically during the housing crisis and recession period, especially for retiring baby boomers and younger people.

Sonoma County in Northern California has become a gathering place for tiny houses’ industry, with a variety of new companies launching for the last couple of years.

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