Affordable housing shortage drives soaring tiny home sales
“Over Half of Urban Renter Households Experience Some Form of Housing Insecurity.” It’s possible that Amazon’s May 2019 sellout of the DIY Allwood Garden House may be a result of this perilous state of US housing deficits.
Amazon’s new low-cost tiny home immediate sellout
This May Amazon posted a $7,250 DIY guest cabin/home that most anyone can build in 8 hours. All available supplies were immediately sold out. When 2 people share such a space each would have a one time rent just under $303 a month for the first year and no rent thereafter. Though initial reviews indicated that purchasers were critical of the product, they illustrated the strength of demand.
Great lack of affordable housing likely factor
The amazing popularity indicates the desire many people have to own their own home in a time when housing is not affordable for 50% of the population. Such a tiny property can lead to economic freedom from the rent treadmill. It also ensures housing security in a time when so many are homeless.
New off the shelf market will spark business opportunities
Food for thought about the living small market in general ties into real estate, cooperative housing and products supporting multi-use spaces in home construction and renovation. People need affordable homes. When they live tiny, they pay less for housing and use less energy.
Rewards for homeowners, investors and affordable housing seekers
If you are a homeowner think about adding this inexpensive space to your backyard for guests or as a workshop. If you are an investor, think about how you can make it easy for individuals to finance tiny home living.
Amazon shows us that it’s possible to live better for less and that profitable home products can fuel an industry that has great positive impact on how we live. It’s important to think of the tiny home as a place to begin. It’s a springboard for new ideas and learning from experience.
Think about how you can participate in this new housing trend that contributes to affordable living, green energy and many new related industries.