Could you fit your life into 300 square feet?

According to a report from Neilson, an American consumer research company, 40% of Americans between the ages of 18 and 36 want to live in urban areas instead of the suburbs their parents idealized, but 69% feel they don’t earn enough to afford the lifestyle they covet. High rent, rising property prices, and growing demand make finding an affordable home harder than ever.

Advertisement

Local governments have taken notice. New York City, for one, has waved its minimum 400-square-foot housing requirement for a pilot project with units between 250 and 370 square feet. Last year, Pocket Living — which makes 400-square-foot units for those who earn less than around $100,000 a year — received roughly $36 million from the mayor of London to build approximately 400 units for first-time home buyers. Small units are seen as an affordable way to make cities accessible to more people.

Join the conversation as a VIP Member

Trending on HotAir Videos

Advertisement
Advertisement
Advertisement