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Buyers Flock To Ridiculously Small Homes During Downturn

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  • Buyers Flock To Ridiculously Small Homes During Downturn

    See the new trend in America... Below

    GRATON, Calif.By Terence Chea, AP) As Americans downsize in the aftermath of a colossal real estate bust, at least one tiny corner of the housing market appears to be thriving. To save money or simplify their lives, a small but growing number of Americans are buying or building homes that could fit inside many people's living rooms, according to entrepreneurs in the small house industry.

    This is what will catch on here and particularly in Christchurch re build because old houses from the 60's are not a good buying option cause they are over priced so its cheaper to purchase a smaller but smart home... Many of these homes are also built in 5 start eco rating so they have a lower carbon footprint. And have solar hot water and LED lighting. This would deem the old horses they been try to flog for years in NZ into obsolescence for being completely inefficient. Perhaps more of those bulldozers should be used in other centers as well as CHCH. See more of the article below..

    "People's reasons for living small vary a lot, but there seems to be a common thread of sustainability," Shafer said. "A lot of people don't want to use many more resources or put out more emissions than they have to."
    Compared to trailers, these little houses are built with higher-quality materials, better insulation and eye-catching design. But they still have wheels that make them portable – and allow owners to get around housing regulations for stationary homes.
    Since the housing crisis and recession began, interest in tiny homes has grown dramatically among young people and retiring Baby Boomers, said Kent Griswold, who runs the Tiny House Blog, which attracts 5,000 to 7,000 visitors a day.
    "In the last couple years, the idea's really taken off," Griswold said. "There's been a huge interest in people downsizing and there are a lot of young people who don't want to be tied down with a huge mortgage and want to build their own space."
    Last edited by Perry; 11-03-2012, 05:59 PM. Reason: disabled smilies

  • #2
    Yes we evolve to devolve as a species....Common sense prevails....

    Smart concept. People matter more than money
    Last edited by WaltNZ; 10-03-2012, 02:40 PM.

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    • #3
      how small is small?

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      • #4
        I could never understand why people build massive houses with heaps of rooms / bathrooms etc - esp when there is only two people living there. http://www.nzherald.co.nz/lifestyle/...ectid=10416709 I guess tho if you have lots of money you can afford to waste it on cleaning and heating??

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        • #5
          For goodness sake.

          "But they still have wheels that make them portable"

          Be honest and call them what they are: Trailers. Or "Magnets for tornados".

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          • #6
            I just built an eco home.. its the best thing ever and its only 80 Squares.. but spacious , warm and almost free to run

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            • #7
              Can't see it catching on

              Originally posted by WaltNZ View Post
              This is what will catch on here and particularly in Christchurch re build because old houses from the 60's are not a good buying option cause they are over priced so its cheaper to purchase a smaller but smart home... Many of these homes are also built in 5 start eco rating so they have a lower carbon footprint. And have solar hot water and LED lighting. This would deem the old horses they been try to flog for years in NZ into obsolescence for being completely inefficient. Perhaps more of those bulldozers should be used in other centers as well as CHCH. See more of the article below..

              End of the day they are still talking about a glorified caravan. I'm in Christchurch and while I know quite a few people who are red-zoned they are all looking to either build or buy a house of a reasonable size. Haven't heard of anyone planning to downsize to a shed or caravan (at least not permanently). Also, on what basis do you think houses are over-priced? The market determines the price (supply and demand) and you would also struggle to build for what you can buy for...

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              • #8
                They are over cost! Why does it cost so much to build in NZ (not including the well covered council fees etc)? Why do materials cost more here than Aus? A few years back I saw NZ timber cheaper in Aus than NZ - WTF!! Maybe I should go to Aus and bring some back? At some point it would be worth getting a container load of stuff.

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                • #9
                  Cost of building hasn't increased that much according to Stats NZ. According to thethe Capital Goods Price Index http://stats.govt.nz/browse_for_stat...ommentary.aspx the cost of residential construction has gone up by around 4% per year since 1999. General inflation over that period has been around 2% so not much of a story there.

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                  • #10
                    If its not much of a story why did you read , research and comment on it?

                    And it is a story... of a new trend unless your a bit slow.... you may not have picked up on it? People are choosing not to built on a fixed location but rather have a small house with wheels on it , and its not a caravan... its a small house with wheels...This is an innovation...And a way for young people to buy something better than the poor quality options on the market now...

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                    • #11
                      Originally posted by WaltNZ View Post
                      If its not much of a story why did you read , research and comment on it?

                      And it is a story... of a new trend unless your a bit slow.... you may not have picked up on it?
                      It's an american story. Nothing to do with NZ.
                      Certainly won't be catching on here.

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                      • #12
                        I don't see NZers aspiring to own a glorified caravan.

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                        • #13
                          Do we have a term for such undesirables, maccachic? They're labelled trailer trash in the US and chavs/pikeys in the UK.

                          Westies doesn't really cover it.

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                          • #14
                            "Retirees" arn't they or is that only converted buses?

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                            • #15
                              or maybe just "Christchurch"?

                              Perhaps that's in poor taste. Quite a few 'burbs were untouched.

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