A Path to Homeownership
With the rising cost of homes, where do you create the savings to truly make affordable housing affordable? Tiny homes may be the next big thing to achieve this goal. This site is designed to be a resource for information related to normalizing "right size" housing and homeownership for those in the median income range.
Tiny Homes,... The more you know.
If we look at the average size of single family homes over the years, some of what are now considered “Tiny Homes” are the same size as the national average in the early 1900’s. And while the average size of homes has ballooned to McMansions, the size of families has declined due to the move from an agrarian lifestyle. So how do we right size single family homes and make affordable housing attainable?
Something has to give… the cost of a home. The traditional approach to address the affordable housing crisis has been accomplished with rental units by passing through federal dollars to landlords and rental property owners. While there will always be a place for rental properties, this is an opportunity to directly invest in the residents in the community who would otherwise be in a position to undertake a path to homeownership if homes were available in their price range.
A Change in perspective. Home ownership is currently not attainable for the majority of the population. This includes the working class, seniors, and others on fixed incomes. If you look at the median per capita income for a city like Racine Wisconsin, at $24,550 in 2021 dollars. This equates to a wage of $11.80 per hour. For some, this may represent an unreasonable hourly wage to afford a home. But we must begin to ask the question, what represents a reasonable wage, and who should have an opportunity to own a home?
Examples of Tiny Homes in the U.S.
Toledo OH Tiny Home
Tampa FL Tiny Home
Dover N.H. Tiny Home