Amazon’s inventory seems to cover virtually everything nowadays, including compact homes designed for habitation.
With the cost of living on the rise, managing everyday expenses can be a significant challenge for many. The struggle is especially evident in the housing market, where property prices have soared to levels that make home ownership increasingly difficult for the average earner compared to a few decades ago. Moving out of the parental home has become a daunting task for many young adults.
The trend of ‘tiny living’ has gained traction as more people opt for smaller, more affordable living spaces. This lifestyle choice offers a pathway to home ownership that might otherwise be out of reach.
Amazon has recognized this shift and entered the tiny home market.
A TikTok user named Nathan Graham, who goes by unspeakable_fanytb on the platform, purchased one of these Amazon tiny homes, and his video showcasing it garnered over 21 million views.
Graham shared that his 19-feet-by-20-feet prefabricated home set him back $20,000, although prices for these homes can range up to $40,000. For comparison, the US Census Bureau reported the median home price in the US was approximately $413,200 in December.
Forbes reports the average annual salary in the US to be about $59,428 (£45,738), indicating significant savings for those with lower incomes. The tiny home comes with essential facilities pre-installed, including plumbing connections and space to accommodate furniture and basic necessities.
However, the home does not come with pre-installed electrical wiring and requires some assembly before it can be used as a living space.
The video has sparked various reactions from viewers. One user commented ‘worth it’, while another suggested that it could be “easy to get land somewhere and put this up and live decent”. A more practical question was posed: “What address do you ship it to if you don’t have a house?”
There are differing opinions on the viability of these tiny homes as permanent residences. Redfin Chief Economist Daryl Fairweather is skeptical about their suitability, despite the increased housing options they provide.
Ramsey Solutions advises against viewing tiny homes as long-term investments, as they tend to depreciate and may incur substantial maintenance costs over time. Nonetheless, they can be a sensible choice for those leading a minimalist lifestyle and unable to afford more spacious accommodations.
The tiny living movement appears to be more than just a passing fad. It offers promising opportunities for individuals with limited financial resources and may become a more common housing solution in the future.