This post has little or nothing to do with gardening but it does question what is ‘Quality’ of life.
In the past 5 years or so, after the bank housing market collapsed in 2008 there has been much interest in the concept of living small.
Depending on who’s definition you use a Tiny house/apartment can range from 500 square feet to a tiny size of 120 or even as small as 80 square feet.
My last move I down sized for the third time into a 288 square foot tiny house. To keep every thing in prospective, I share my tiny living space with three dogs.
After being in my tiny house 5+ years I have discovered that after adding a storage building and a tiny enclosed front porch, that houses my deep freezer and shelving for thing I need ‘once’ in a while. My 288 square tiny house is larger that the space I really need or use. I should have gone for something smaller.
BBC said “Rising property prices in big cities have squeezed many home buyers out of the market. The average price of a new home in Toronto is $588,164, in London it’s £534,000 ($794,549), in New York City’s Manhattan borough it’s $710,000, in Sydney $617,000. The micro-condo offers an (almost) affordable alternative.
Samuel Baron has downsized his property at the age of just 26 to live closer to Vancouver’s city center — Canada’s hottest property market — and cut out his transport expenses. He achieved both, but the trade off was space. He now pays $800.00 per month in rent in a part of town where the average sized bachelor pad rents for as much as $1,200.00 a month.
It is glaringly obvious that the worlds 18-25 year old’s have different priorities than an old fat guy.
Consumer research showed 40% of Americans between the ages of 18 and 36 prefer to live in urban areas instead of the suburbs.
In the UK 54% of 18 to 24 year old’s were happy to consider living in a studio flat that makes living in central locations more affordable.
Australia 18 to 24 year old’s ranked proximity to the central business district as a top priority when looking for real estate.
What will our cities look like in 25 years?
A project, called My Micro NY will transform the 11 floor tower. It will have so called nano-units ranging from 24sq meters (260sq foot) to 33.5sq meters (360sq foot), which will rent for $2,000 to $3,000 a month.
Similar projects are being developed in the UK and Canada.
Mmmmm using 1940’s math it looks like ‘to rent’ a nano apartment it will cost the renter as little as $7.70 as much as $8.35 a square foot!
The sad part of this is Real estate agents, builders and property owners are advertising this as a cheap solution to an ever growing housing shortage.
Canada: Urban Capital has sold 220 of 250 units currently under construction. They range from 26.7sq meters (288sq foot) to 72sq meters (778sq foot) and are priced between $200,000.00 and $440,000.00 dollars.
London: Apartment developer Pocket Living is selling 38sq meters (409sq foot) units between $282,000.00 and $386,000.00.
Am I the only person on planet Earth that thinks $945.00 dollars a square foot is a bit on the excessive side?
Not from the USA. Please leave me comment about your home town and country.
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Why is common sense so uncommon?
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