As a renter, I find the idea of signing a mortgage to be quite difficult. The idea of signing your life away for ~25 years is quite… daunting, to say the least.
This raises a question, should a home cost $300,000, $500,000, or more?
Why not ~$50,000?
A couple (a contractor and a designer) thought just that, and they built themselves a 204 square foot home that they can take wherever their truck can pull it.
With their costs so drastically reduced, they are now able to save a great deal of money, have their home, and be free of servitude under the banks and an unforgiving housing market.
This all sounds QUITE appealing to me. Below is a news piece (with video & pics) from nydailynews, and, following that link, the blog of the ingenious couple themselves.
And the couple’s blog,