Is Tiny Home Living The Secret To Saving Money Today? | Millennial Money Marathon
Make It Marathon journeys to Atlanta, Santa Monica, and New York to connect with three individuals who live in small spaces to save big money.
Alex Verhaeg, 23, lives in a tiny 95-square-foot apartment located in NYC's East Village. He pays $1,100/month in rent. Alex believes he has a pretty good deal because he doesn't have to live with roommates. However, there are some drawbacks: Since the space is so small, he has to sleep diagonally.
In 2022, Sung Yoo moved from New York to Santa Monica, California - into a 140-square-foot tiny home, which is smaller than the average size of a parking spot. She currently pays $1,600 a month for rent.
Precious Price, 26, lives for free with her dog in a tiny home in her backyard in Atlanta, Georgia. The tiny home cost $35,000 to build and six months to complete. Precious works as a real estate entrepreneur and digital consultant.
Produced by: Valentina Duarte, Mickey Todiwala, Ernestine Siu
Camera: Tristan Pelletier, Jeffrey Beard, Mickey Todiwala
Editor: Marisa Forziati
Animator: Elham Ataeiazar
Contributors Editor: Una Dabiero
Additional Footage: Precious Price, Sung Yoo, Alex Verhaeg, Getty Images
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Is Tiny Home Living The Secret To Saving Money Today? | Millennial Money Marathon
Пікірлер: 119
The tiny home is a great idea to recoup cost of mortgage in a big city without granting access to your main house. Also airbnb might work great as well
WAIT WHAT?! 40 YEARS OLD??!?!
@janelledeloatch8355
10 ай бұрын
She looks amazing I know
The Atlanta homeowner with the tiny home on her property has it all figured out. Bravo!
@RoddieSimmons
9 ай бұрын
I have a larger 1 floor home on my wifes compound in Brazil, so I really connect with her. Ours cost a little over $20k U.S., but my wife really knows her way with the contractors and material's (In the NorthEast Brick is the material of choice). I would just suggest to keep away from loans and credit cards as much as possible, but Hoorah for What She Has Done.😎
The fact that this is being normalized is just so sad…
@Angela-ne9cy
10 ай бұрын
Also sad: Americans who believe a McMansion is the goal. If people are happy in a smaller space, who cares?
@hubertcumberdale2651
10 ай бұрын
It's not even "normal". In fact, most zoning laws don't allow for RVs or Tiny Homes to be the primary dwelling on private land.
@sls4170
8 ай бұрын
@@hubertcumberdale2651 Do you know why that is?
@hubertcumberdale2651
8 ай бұрын
@@sls4170 you can Google it yourself
this is pretty cool and kinda sad at the same time lol
I love this. This would be great for myself & daughter
No wonder that guy living in Manhattan has a terrible sleep schedule- he doesn't fit in his bed!
1600$?! for this tiny tiny space in Santa Monica. It‘s insane! 😢 In the beginning I was a big fan of simple living, but more and more I see the shortcomings of our economic system and that it’s leading to humans living in boxes as chickens in laying batteries. There is nothing great about this development because some still can afford ‚normal‘ houses whereas others … Edit: As I wrote the above I didn’t see the guy at the end. Oh Lord, this is even worse. How is this legal? This is just above sad and crazy. 😢😢
@asadb1990
10 ай бұрын
Yeah these small places look nice but slowly landlords are charging more rent for tiny rooms
1100 for 95 sq feet!?!?! You’re getting robbed, just get a roommate omg
@hubertcumberdale2651
10 ай бұрын
I'm literally getting a 1600 sq foot manufactured home built for $140,000. "Tiny Homes" are extortionate for the space they grant.
I like these tiny houses! Looks they're warm and cute
Tiny houses sounds great until it’s time to sell it..
Thank You. In NY people probably keep the radiator and minisplit
The tyny house costs 1600 a month. That's crazy
Inspirational. For single people.
Precious is brilliant. She'll be a millionaire one day. I love her vision.
@kristinab1078
10 ай бұрын
This is why I'll never be a millionaire. I wouldn't charge those high rent rates for a single room/suite.
Tiny house is only good when u r a bachelor....😂🤣😂
Moving costs should factor in movers, moving truck rentals, storage, etc
The dude who sleeps diagonal because he doesn't fit in: No. Just no.
@naturaldiva67
10 ай бұрын
😂😂😂
@msd4743
10 ай бұрын
😥
@y.r.9401
10 ай бұрын
Better than sleeping in a car or on the streets.
@y.r.9401
10 ай бұрын
He's not complaining ;) :)
@bryanmoyna9715
10 ай бұрын
Dude, buy a hammock or just use a sleeping bag on the floor. A bed sofa, something you dmass!
The title to this video should be ‘is converted shed living the secret to saving money today?’ What if there’s a tornado?
@bsm121
2 ай бұрын
That's actually a good one, use Google to see what happens to everything when a tornado goes through a town. In other words doesn't matter everything is done
Her standing on rolling chair gave me anxiety
Diagonal sleeping doesn’t work out for you buddy lol
I probably wouldn’t go back to tiny home living but when my partner and I were in NYC we were living in a 350 sqft attic paying $1,000 rent. It was a huge money saver and helped me get my first $100k invested. Having to constantly clean the place is what I don’t want to go back to haha.
@Anonymoose66G
10 ай бұрын
12,000 a year for a 350sq ft attic is insane 😂. I suppose it's NYC though so probably not too bad considering.
@Investingcoachw
10 ай бұрын
@@Anonymoose66G I grew up in the Midwest so I get it. When we first moved to NYC there definitely was sticker shock when looking at rent costs. Thankfully we were to be able to rent from family friends who trusted us in their home. Definitely wouldn’t be able to find a better deal and utilities and internet was included. We’re in San Francisco now and pay 3x that.
@Anonymoose66G
10 ай бұрын
@@Investingcoachw How do you even afford that? Surely most people wouldn't have much of any disposable income and thus any unforseen emergency would be incurring you to take out debt and deepen the hole your digging for yourself. What do you get for that as well? To live in an okay city by American standards? Doesn't seem worth it to me personally however if you like it then that's what matters, also most people live where they do because they have to not by choice obviously. In my mind rent shouldn't be more than 12,000 a year for less than 600sq ft anywhere.
@Investingcoachw
10 ай бұрын
@@Anonymoose66G fortunately my partner and I are both six figure earners. And I really value being in the city and close to fun city things and networking events. But yea rent is hella expensive. But I’m willing to spend on a few higher ticket things and I pull back on things that don’t hold much value for me and even cut them out of my budget entirely.
Im glad for Sung. Beach, cheaper place, parking and utilities
I have a house the size of the main house with the yard bigger than the whole property for less than 500 a month.
In my case it's the key for savings, but I spend for 35 square meters (with balcony), 390€. In Germany of course, in most western countries that's way more 😅
First comment! 🎉
The guy in Manhattan needs to move. Sleeping diagonally is going a tad too far. 🤦🏼
Wow these landlords in Cali and NYC are fleecing people. I have a 1900 sq foot home that I pay $1400 on. Just crazy to live that way. I imagine it would get old fast.
Would a condo in Santa Monica be cheaper!???
I feel sorry for the guy sleeping diagonally :(
Second scenario. I would not want my landlord right behind me. No thx
Are stores and restaurants really open 24 hours in Manhattan? lol
Whatever saves $ nowadays nowhere is cheap
The fact that this way of living is becoming more normal is shocking. This is a symptom of a much deeper problem in society and the housing market. As a member of GenZ, this just saddening to see.
@Anonymoose66G
10 ай бұрын
To be honest if they don't dislike it then go ahead 😂.
@MatDGVLL
10 ай бұрын
Normalisation of being lonely. Also it’s a great way for investors to continue getting money from low budget people while they should move to a new more livable location 😅. What a great way to get more money from a parking lot lmao. That’s evilishly brillant
@kristinab1078
10 ай бұрын
I agree. It's similar to how we pay the same amount for food items, but the packaging and contents keep getting smaller and smaller. @@MatDGVLL
@hubertcumberdale2651
10 ай бұрын
@@Anonymoose66Gthey "don't dislike it" because they have been conditioned NOT to.... by the very same fat and bald boomers who are sub leasng the land and collecting their rent.
That boy is one of the hardest attempts to become a living caricature i've ever seen lol.
Wouldn’t rent a home with landlord living on premises
Less is more,simple is Best!
Why not...rent a room? Whats the point? im to pay a whole lotta money to live in a room? i'd rather rent a room and save money for a future house if i get to start a family. This is a waste and not a solution, it might work for single hermits but it aint gonna work for social people who wanna have a family. Idk the market for these things tho, maybe it pays for itself in the future idk. Wanna build a tiny house community? where have i heard that before? oh yeah, its called a *building* lol.
@itsBDubss
10 ай бұрын
So it's a waste and not a solution, all because it doesn't work in some random situation that you conjured up in your head without any further thought? You aren’t aware of any families successfully doing this, even while the information is right there at your fingertips? That's wild.
@bryanmoyna9715
10 ай бұрын
@@itsBDubss Humans wanting to make a family is a random situation?
@itsBDubss
10 ай бұрын
@bryanmoyna9715 when it's a blanket statement, yes it is. Are you slow?
Who is that tiny home builder that it doesn’t need a furnace?
@naya4607
10 ай бұрын
Why do you need a furnace??
@diabetes1.564
10 ай бұрын
@@naya4607 Homes usually have furnaces to provide heat. How else is it done? I’m inquiring to the builder as to see how it is cooled and heated by concrete panels. I am curious
@naya4607
10 ай бұрын
@@diabetes1.564 good insulation and a space heater
@stefaniesoldit
6 ай бұрын
@@diabetes1.564 it looks like they're using a small mini-split which can do heating and cooling. Assuming this is located in a climate that doesn't get super cold in winter because I've heard that you really need a furnace and can't just use these when the outside temperatures are very low.
you re-use content way too often
So moving somewhere cheaper, staying with family until you can afford to move or apartments w/ roommates are no longer options? We gotta live in a locker now? Cool
No thank you! Very dangerous!!!
@hubertcumberdale2651
10 ай бұрын
Ummm it's Georgia ... a constitutional carry state. It's only as "dangerous" as your stupidity to not have a handgun for household protection 🔫
No way she is 40 yo
@msd4743
10 ай бұрын
You think she's older? Younger?
@noname-vf7yv
10 ай бұрын
@@msd4743 younger, she looks 32
@msd4743
10 ай бұрын
@@noname-vf7yv .........I was thinking 45.
I must say you are an inspiration because I started up investing in crypto as a scared investor who doesn’t want to lose money, glad to say I’m very profitable now and bought my first house through it
@Missandrew88
10 ай бұрын
Oh wow that's great, congratulation 🎉
@danparker3439
10 ай бұрын
Big props to you on your wins please how did you become successful, lately I find everything difficult how did you overcome fear of loosing facing same here
@gunarssonbilly.
10 ай бұрын
I understand how you feel,well is not luck is all about having good investment plans, watching professional trading videos and most especially connecting with the right person the digital world is full of in unreal people I met some of them during my success journey.
@gunarssonbilly.
10 ай бұрын
I felt same way when I started especially when you use demo account you might be winning but when you put in real money you start losing I understand and I pass through it all. I’m very happy I’m profitable now.
@sussanphilp8795
10 ай бұрын
Congratulation, I’m encouraged keep it up
move to another country, better...
For salary earners having a passive source of income is the best thing you could have, because aside the fact that it isn't always enough you could lose your job any day at any time, have something to fall back to is crucial, for me it is trading the Forex and stock market and know I didn't have that much knowledge to begin to earn that's why I said passive income, I leave the profit making to the pro like my Advisor 'Mr Mark Anderson' who has been doing a wonderful job.
@CleffSindy-sg9qc
10 ай бұрын
Been looking to invest part of my savings in forex. Just don't know how to get started. Not about to take a loss on my savings haha
@joelrobinson7656
10 ай бұрын
Amazing seeing others with Mr Mark Anderson I sta'rted my inve'stment wit $10, 00'0, a week later, we had grown to $55,0'00. This Man!! absolute genius.
@marrynelson5821
10 ай бұрын
Venturing into the trading world without the help of a PROFFESIONL TRADER, and expecting profits is like turing water into wine you would need a miracle. Thats why i trade with Mrs Mark Anderson, his skills set exceptional
@VarnaJiera-od8is
10 ай бұрын
And this is not the first time l am hearing of Mr Mark Anderson and his exploits in the trading world but i had no idea on how to reach him, i have already lost enough of money since my retirement on binance trying to do it myself
@TitiCose-pr6ls
10 ай бұрын
I'm a beginner, how can i reach out to MR MARK ANDERSON?
This was my plan when I bought my home 3 years ago in Atlanta. I'm still considering it since I have the backyard space as well🫶🏾