With the ongoing cost of living crisis, everything is getting pretty damn expensive.
From the cost of the weekly food shop to the prices of the everyday necessities – I think we are all feeling it in the pocket.
And perhaps one of the markets where a lot of change is taking place is the housing sector.
Heck, the chances of folks owning a home in their 20s nowadays is almost unheard of, as roaring prices put many out of the property market.
However, a tiny house could be the way in to the housing market for a lot of people, as it is available on Amazon for as little as $20,000.
To put that into context, the median-priced home in the USsat at $413,200 in December, according to the US Census Bureau.
So, it’s understandable that a home that can be purchased for such a small amount is garnering so much attention online.
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One particular video from a bunch of content creators has gone viral on Tiktok with over 21 million views on the popular video platform.
The house, which was purchased by TikToker Nathan Graham, is said to make neighborhoods more affordable.
But how practical actually are they?
The prefabricated home measures 19-feet-by-20-feet – which is certainly a liveable pad.
You’ve seen these minuscule New York apartments at $1,500 a month, right?
However, you can’t just simply move into this house as it is delivered by Amazon, meaning you have to unpack it yourself when it arrives.
But the video shows the house being put together fairly quickly, though it was without pre-wired electricity.
So, after you’ve unboxed it from the packaging, you’ll find a tiny home that has enough space for basic living, sleeping, while also including a built-in toilet and plumbing connections.
While Redfin Chief Economist Daryl Fairweather does not see the house as the best option for living, she does see it as a tool for increasing housing stock.
“Tiny homes and [ADUs] that add density to an area can help make neighborhoods more affordable to people who may otherwise be priced out,” she told Newsweek.
“I think of ADUs as one tool in our toolbox to promote housing density, especially when combined with policies that promote building more multi-family housing. “That’s when we can see real progress in bringing down housing costs for all families.”
Perhaps another surprising element of this is the fact a house is being sold on Amazon.
Well, shopping expert Trae Bodge is not one of those shocked.
“I’m not surprised to see [homes for sale on Amazon],” she told MarketWatch.
“Selling these homes online presents a new level of opportunity for the retailer to reach consumers who are outside of their local area.”
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