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Alternative Housing Thread

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  • Mon, Nov 26, 2018 - 06:48pm   (Reply to #20)

    #21

    Matt Holbert

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    Joined: Oct 03 2008

    Posts: 74

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    My wife and I thought we wanted to own an inn…

Fortunately we got the opportunity to operate one before we committed. We hated it. Getting up at 5 am, making breakfast, and then talking with guests who had no idea what was going on in the world. Since there was no written commitment and the owner was a micro-manager, we left after one week.

The moral is try before you buy. Fortunately, thanks to Air B&B a person can try living in a tiny house before committing to live in one for the rest of their life. Here is one in my neck of the desert: https://www.airbnb.com/rooms/8794484  I’m sure there are many more.

However, you should know that you can buy a full size home for around 100k in Spokane. There is one that I can see when I look out the window. It was bought for 75K and the  investment buyer has been unable to do anything other than replace the roof and repair the chimney. You could probably get it for 100k or so. You should know that this is a diverse neighborhood. Within 2-3 blocks there are doctors, professors, and retirees. There are also homes where 2 generations live (soon to be 3?) — it’s the future. The homestead across the street has 8 vehicles. One of which appears to have been bought from someone in Paradise (Pleasure?) CA. There is also one whacko couple who live without any vehicle and grow their own food. How crazy is that? : )

thry before you buy, and th problem with the tiny home “cmmunity” is that it will be like an HOA and that price is expesive for what you are getting.  As just stated, you can buy a regular house and have control over the property, better resale, etc… also, having things on hand to go thru a downturn require room, room to store canned goods, canning equipment, a sewing machine, etc….. and a tiny home is just too small.

 

That said, I have seen someone build their own cabin, same size as  a tiny house but way less money, and he built it over a full basement so had room, And then he built a barn, so outbuildings.  And, he can easily when he wants to add on to his small cabin.

  • Tue, Nov 27, 2018 - 04:48am

    #23

    SagerXX

    Status Gold Member (Offline)

    Joined: Feb 11 2009

    Posts: 397

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    Thanks to those that responded!

I’m aware that tiny houses have many challenging aspects, and in most cases are not an ideal *investment* in terms of money in, money out.  

I live in Hawai’i, which presents its own set of challenging conditions.  Limited space, much RE stock laying idle (owned as an investment), even more RE stock laying mostly idle (occupied by wealthy Canadians/whoever from November to May, even more RE stock owned as short-term rental properties (Air BNB etc).

So:  the market is f!cking tight.  It’s cool that people in various places can own proper houses for X dollars (whereas in my locale 4x or 8x is the norm — 2 BR, 1.5 Ba condos are 300k and up, and that doesn’t take into account the 600-1000+/mo condo fees for landscaping, maintenance, etc.).  

So — the idea that I could buy a trailer home (tiny home is a fine euphemism) and park it on somebody else’s land for 700 a month (incl water [water in Hawai’i is heinously expensive, I’ve had bills over 200/mo],  septic and property tax!) is a pretty sweet deal.  Not to mention in Hawai’i, you never know if your landlord is going to sell to somebody who will then ask you to leave.  RE insecurity is a massive, massive issue in the islands.  The only people who aren’t subject to it…are owners. 

Having said all that, I welcome further POV from whoever.  We already store stuff off-site.  Nothing mission-critical, but everything that we don’t use weekly that isn’t….So we’re already downsized.  And pre-crashed.  

It’s a fine, fine feeling.  

VIVA — Sager

  • Tue, Nov 27, 2018 - 06:07am   (Reply to #23)

    #24
    mntnhousepermi

    mntnhousepermi

    Status Bronze Member (Offline)

    Joined: Feb 19 2016

    Posts: 168

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    sounds like here

SagerXX wrote:

I’m aware that tiny houses have many challenging aspects, and in most cases are not an ideal *investment* in terms of money in, money out.  

I live in Hawai’i, which presents its own set of challenging conditions.  Limited space, much RE stock laying idle (owned as an investment), even more RE stock laying mostly idle (occupied by wealthy Canadians/whoever from November to May, even more RE stock owned as short-term rental properties (Air BNB etc).

So:  the market is f!cking tight.  It’s cool that people in various places can own proper houses for X dollars (whereas in my locale 4x or 8x is the norm — 2 BR, 1.5 Ba condos are 300k and up, and that doesn’t take into account the 600-1000+/mo condo fees for landscaping, maintenance, etc.).  

So — the idea that I could buy a trailer home (tiny home is a fine euphemism) and park it on somebody else’s land for 700 a month (incl water [water in Hawai’i is heinously expensive, I’ve had bills over 200/mo],  septic and property tax!) is a pretty sweet deal.  Not to mention in Hawai’i, you never know if your landlord is going to sell to somebody who will then ask you to leave.  RE insecurity is a massive, massive issue in the islands.  The only people who aren’t subject to it…are owners. 

Having said all that, I welcome further POV from whoever.  We already store stuff off-site.  Nothing mission-critical, but everything that we don’t use weekly that isn’t….So we’re already downsized.  And pre-crashed.  

It’s a fine, fine feeling.  

VIVA — Sager

 

Actually sounds like the housing market and rental market here in the greater SF bay area.  I have seen a couple of people from here retire to hawaii and they are downsizing, price-wise, when they do it.  You couldnt touch a condo for anywhere near as low as 300k.  Renting a room in someones house is 1000/month in the outskirts where I am, a family I know had rent of $4k a month for a decent house,  I know someone else in a tiny old house, no yard realy and it is $2600/month and it is more in the more expensive areas, and there is alot of vacation rentals and foreign nationals buying as “investments” .   You are correct that as a renter there is no security of having “home” .  Could be that the tiny home idea is as good as it gets for this moment in time for you, just find out all the details.  I have heard that water bills are like you state here too in the cities, but I have a well.  Bills for owners are very high, at least that is why rent is high out here, when I house costs a million to purchase and plumbers are almost $200/hour, gasoline is almost $4/gallon, water is high, electricity is high, property taxes are outrageous, well, rents are going to have to cover that.  I also think lately that too much housing stock is going to vacation homes and investments for foreigh nationals, I do not know the answer on that but I do not see anyone even talking about it to try and come up with ideas.

 

Good luck. 

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