Millennials & The Tiny House Revolution
The term millennial boasts a great amount of popularity these days. Regardless of your preconceived notions regarding millennials, I can say one thing about my generation for sure: we know a lot about debt. Worrying about job security, mortgage payments, school loans, and insurance aren't exactly new generational problems. However, the national debt is at an all-time high. Inflation has seen its worst percentage hikes in our lifetime. Many millennials feel like living paycheck to paycheck, staying with their parents longer, and six-figure debt is just part of being born. However, it doesn't have to be. The tiny home revolution has given a whole new option for aspiring Millennial homeowners. Here are some big advantages for building a tiny home.
Young people often want the best of all worlds. Tiny houses allow for maximum customization to fit all the essentials in a small space. Creativity is never sacrificed when building a tiny home, and this artistic freedom will bring out the inner DIY guru in you.
Tiny Home, Big Wallet
Millennials are often shocked at the amount of debt that is racked up from a university. Unless you are a pop star or a Disney channel icon, it may take a lifetime to become financially stable. Instead of a thirty-year mortgage, tiny homes are often very affordable and can often come closer to a new car payment. Sure, sacrificing lots of space would save a lot of money. However, it doesn't mean quality has to suffer due to a lack of space quantity. Having money for nicer things inside your tiny home and not being a slave to overtime can be worth a smaller living room. Do you run laps while streaming Netflix anyway?
Finding a good career may seem difficult these days. Wages aren't going up, and prices are steadily increasing in almost every avenue. Gaining entry to a particular job field may require movement on the applicant's part. However, listing your current home and finding another may keep several from chasing a dream opportunity. Tiny homes are almost always movable, even though they don't have to be. Picking up and moving may be literally down to your living space. Plus, what millennial doesn't love the ability to travel?
All About Options
Regardless of your opinion on tiny homes, it can be agreed that millennials must be creative. The same things that worked for the previous generations will often fail for the present. Just like every prosperous group, they must be able to adapt and keep up with new ideas. Living in a tiny home and saving the equivalent of their student loans may be a great place to start. Just think of it as a very luxurious studio apartment.