People Are Seriously Regretting Buying Tiny Houses
© Getty Images Are People Actually Happy in Tiny Houses?Between their efficient organization and streamlined design, tiny houses have totally taken over on TV and social media in the past few years. The idea of scaling back on belongings (as well as mortgage payments) is certainly appealing. But how many people could-or would-be able to actually live in 400 square feet? Not many, according to a recent report by Trulia.
The online real estate resource polled more than 2,264 U.S. adults about what they wish they had done differently with their current housing. A whopping 44 percent of participants had housing regrets, and the biggest regret among homeowners had to do with size. One in three homeowners said they wish they had chosen a larger home, compared to only nine percent who wished they had downsized.
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Only ONE MONTH until the BIG TINY BASH in New Paris, Ohio! • Hey Everyone! • As you know, Modern Tiny Living is hosting a tiny house festival on August 5th from 10 am - 6 pm in New Paris, Ohio, home of the brand new Cedar Springs Tiny Village! We are honored to be the exclusive builder for this beautiful, lakefront 30-lot tiny house community, the largest of its kind in the entire Midwest! • We want to cordially invite you to attend! It's going to be a perfect Saturday event for people who love tiny homes, love good food, love good music, love good beer, and just love a good, old-fashioned Saturday festival. • We will have about 6 homes at the event, amazing industry expert speakers like the HGTV-featured Damon & Natalie DesChamp, Trevor Gay, and Ohio-Certified Tiny House Architect Bruce Faris. You'll get the chance to ask questions and network with these legends of the tiny house industry. • It's a perfect event for kids: We'll have a bounce house, face painting, delicious food, and music. Kids are free, bring 'em all! With about a month left, we'd truly appreciate it if you - should you intend to go - would head over to our ticket site and pick up your early-bird tickets! • You can get your tickets here: thebigtinybash.eventbrite.com • These tickets help us cover expenses like the band (who rock!), transporting the tiny homes, chair/table/tent rentals, and all the fun, but expensive, little things that make a festival great. We appreciate our MTL friends and fans who pick up their tickets as early as possible - it makes it easier on us to plan and budget so we can continue to make our event the best we possibly can! • We've already sold nearly 200 tickets for the event, so it's going to rock! We have the parking space for a few hundred more, so be sure to get your tickets now! • Thanks so much everyone! Together, we'll put on the best tiny house event Ohio has ever seen :) • Learn more about the event: www.cedarspringstinyvillage.com • Pick up your tickets: thebigtinybash.eventbrite.com (link in bio🔝) • - MTL Team
A post shared by Modern Tiny Living™ (@moderntinyliving) on Jul 5, 2017 at 12:28pm PDT
There has been plenty of criticism around tiny living. "Deep inside the expensive custom closets and under the New Age Murphy beds, the pro-petite propaganda has hidden some unseemly truths about how the other half lives," Gene Tempest penned in a personal essay for The New York Times. "No one writes about the little white lies that help sell this new, very small American dream."
As Tempest points out, the items in her microhome (in which she lives out of financial necessity) seem much more imposing than they would in a larger space-and they get more wear and tear, which accelerates the rate at which she must replace them. Plus, building a tiny home comes with a host of challenges, including but not limited to, complying with business codes and securing a loan.
Still, others swear by the benefits of tiny homes: They require less money and fewer materials, and encourage living simply and wasting less. The number of current homeowners aching for extra space is actually down one percentage point from Trulia's 2013 survey, so perhaps the recent tiny house movement has convinced a few converts. Still, 33 percent is a pretty big chunk.
Meanwhile, the biggest regret among renters (at 41 percent) was renting instead of buying in the first place-yet only a third of renters feels more positive about the possibility of owning a home than they did five years ago.