Is Tiny Home Living The Secret To Saving Money Today? | Millennial Money Marathon

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Make It Marathon journeys to Atlanta, Santa Monica, and New York to connect with three individuals who live in small spaces to save big money.
Alex Verhaeg, 23, lives in a tiny 95-square-foot apartment located in NYC's East Village. He pays $1,100/month in rent. Alex believes he has a pretty good deal because he doesn't have to live with roommates. However, there are some drawbacks: Since the space is so small, he has to sleep diagonally.
In 2022, Sung Yoo moved from New York to Santa Monica, California - into a 140-square-foot tiny home, which is smaller than the average size of a parking spot. She currently pays $1,600 a month for rent.
Precious Price, 26, lives for free with her dog in a tiny home in her backyard in Atlanta, Georgia. The tiny home cost $35,000 to build and six months to complete. Precious works as a real estate entrepreneur and digital consultant.
Produced by: Valentina Duarte, Mickey Todiwala, Ernestine Siu
Camera: Tristan Pelletier, Jeffrey Beard, Mickey Todiwala
Editor: Marisa Forziati
Animator: Elham Ataeiazar
Contributors Editor: Una Dabiero
Additional Footage: Precious Price, Sung Yoo, Alex Verhaeg, Getty Images
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Is Tiny Home Living The Secret To Saving Money Today? | Millennial Money Marathon

Опубликовано:

3 окт 2024

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Комментарии : 120

@jaspherdansalan635 Год назад

WAIT WHAT?! 40 YEARS OLD??!?!

@janelledeloatch8355 Год назад

She looks amazing I know

@asadb1990 Год назад

The tiny home is a great idea to recoup cost of mortgage in a big city without granting access to your main house. Also airbnb might work great as well

@tractioncontroldelete Год назад

The Atlanta homeowner with the tiny home on her property has it all figured out. Bravo!

@RoddieSimmons Год назад

I have a larger 1 floor home on my wifes compound in Brazil, so I really connect with her. Ours cost a little over $20k U.S., but my wife really knows her way with the contractors and material's (In the NorthEast Brick is the material of choice). I would just suggest to keep away from loans and credit cards as much as possible, but Hoorah for What She Has Done.😎

@Superboy7456 Год назад

this is pretty cool and kinda sad at the same time lol

@nickickass1399 Год назад

The fact that this is being normalized is just so sad…

@Angela-ne9cy Год назад

Also sad: Americans who believe a McMansion is the goal. If people are happy in a smaller space, who cares?

@hubertcumberdale2651 Год назад

It's not even "normal". In fact, most zoning laws don't allow for RVs or Tiny Homes to be the primary dwelling on private land.

@sls4170 11 месяцев назад

@@hubertcumberdale2651 Do you know why that is?

@hubertcumberdale2651 11 месяцев назад

@@sls4170 you can Google it yourself

@mirabella2154 Год назад

The dude who sleeps diagonal because he doesn't fit in: No. Just no.

@naturaldiva67 Год назад

😂😂😂

@msd4743 Год назад

😥

@y.r.9401 Год назад

Better than sleeping in a car or on the streets.

@y.r.9401 Год назад

He's not complaining ;) :)

@bryanmoyna9715 Год назад

Dude, buy a hammock or just use a sleeping bag on the floor. A bed sofa, something you dmass!

@Lynthie1927 Год назад

1100 for 95 sq feet!?!?! You’re getting robbed, just get a roommate omg

@hubertcumberdale2651 Год назад

I'm literally getting a 1600 sq foot manufactured home built for $140,000. "Tiny Homes" are extortionate for the space they grant.

@SuperEmilyW Год назад

No wonder that guy living in Manhattan has a terrible sleep schedule- he doesn't fit in his bed!

@melody-RN-BSN-MSN Год назад

The tyny house costs 1600 a month. That's crazy

@lina987 Год назад

1600$?! for this tiny tiny space in Santa Monica. It‘s insane! 😢 In the beginning I was a big fan of simple living, but more and more I see the shortcomings of our economic system and that it’s leading to humans living in boxes as chickens in laying batteries. There is nothing great about this development because some still can afford ‚normal‘ houses whereas others … Edit: As I wrote the above I didn’t see the guy at the end. Oh Lord, this is even worse. How is this legal? This is just above sad and crazy. 😢😢

@asadb1990 Год назад

Yeah these small places look nice but slowly landlords are charging more rent for tiny rooms

@johnnyanderson3287 Год назад

Tiny houses sounds great until it’s time to sell it..

@pghomies Год назад

Inspirational. For single people.

@beefynachos6574 Год назад

Diagonal sleeping doesn’t work out for you buddy lol

@fishjungle9 Год назад

The fact that this way of living is becoming more normal is shocking. This is a symptom of a much deeper problem in society and the housing market. As a member of GenZ, this just saddening to see.

@Anonymoose66G Год назад

To be honest if they don't dislike it then go ahead 😂.

@MatDGVLL Год назад

Normalisation of being lonely. Also it’s a great way for investors to continue getting money from low budget people while they should move to a new more livable location 😅. What a great way to get more money from a parking lot lmao. That’s evilishly brillant

@kristinab1078 Год назад

I agree. It's similar to how we pay the same amount for food items, but the packaging and contents keep getting smaller and smaller. @@MatDGVLL

@hubertcumberdale2651 Год назад

@@Anonymoose66Gthey "don't dislike it" because they have been conditioned NOT to.... by the very same fat and bald boomers who are sub leasng the land and collecting their rent.

@NoIDAvailable Год назад

I love this. This would be great for myself & daughter

@LaJulieOrtega Год назад

Wow these landlords in Cali and NYC are fleecing people. I have a 1900 sq foot home that I pay $1400 on. Just crazy to live that way. I imagine it would get old fast.

@tragtrag79 Год назад

I like these tiny houses! Looks they're warm and cute

@nefariousni1 Год назад

The title to this video should be ‘is converted shed living the secret to saving money today?’ What if there’s a tornado?

@bsm121 5 месяцев назад

That's actually a good one, use Google to see what happens to everything when a tornado goes through a town. In other words doesn't matter everything is done

@bryanmoyna9715 Год назад

That boy is one of the hardest attempts to become a living caricature i've ever seen lol.

@slimwalk708 11 месяцев назад

The guy in Manhattan needs to move. Sleeping diagonally is going a tad too far. 🤦🏼

@SamMcKinley 8 месяцев назад

Thank You. In NY people probably keep the radiator and minisplit

@cristinab2263 Год назад

Precious is brilliant. She'll be a millionaire one day. I love her vision.

@kristinab1078 Год назад

This is why I'll never be a millionaire. I wouldn't charge those high rent rates for a single room/suite.

@jm2307 Год назад

Moving costs should factor in movers, moving truck rentals, storage, etc

@auspicioustoot 11 месяцев назад

I have a house the size of the main house with the yard bigger than the whole property for less than 500 a month.

@andreabellini6796 8 месяцев назад

Her standing on rolling chair gave me anxiety

@kaikalls5058 4 месяца назад

Tiny house is only good when u r a bachelor....😂🤣😂

@SamMcKinley Год назад

Im glad for Sung. Beach, cheaper place, parking and utilities

@aqworlds9 Год назад

you re-use content way too often

@SpelareTV 10 месяцев назад

In my case it's the key for savings, but I spend for 35 square meters (with balcony), 390€. In Germany of course, in most western countries that's way more 😅

@koolflows7581 Год назад

Whatever saves $ nowadays nowhere is cheap

@mamabare49 Год назад

Second scenario. I would not want my landlord right behind me. No thx

@cdub7373 Год назад

So moving somewhere cheaper, staying with family until you can afford to move or apartments w/ roommates are no longer options? We gotta live in a locker now? Cool

@y.r.9401 Год назад

Would a condo in Santa Monica be cheaper!???

@back2the80s 7 месяцев назад

Wouldn’t rent a home with landlord living on premises

@janejessy853 3 месяца назад

Are stores and restaurants really open 24 hours in Manhattan? lol

@jozejeaux3962 7 месяцев назад

This was my plan when I bought my home 3 years ago in Atlanta. I'm still considering it since I have the backyard space as well🫶🏾

@Investingcoachw Год назад

I probably wouldn’t go back to tiny home living but when my partner and I were in NYC we were living in a 350 sqft attic paying $1,000 rent. It was a huge money saver and helped me get my first $100k invested. Having to constantly clean the place is what I don’t want to go back to haha.

@Anonymoose66G Год назад

12,000 a year for a 350sq ft attic is insane 😂. I suppose it's NYC though so probably not too bad considering.

@Investingcoachw Год назад

@@Anonymoose66G I grew up in the Midwest so I get it. When we first moved to NYC there definitely was sticker shock when looking at rent costs. Thankfully we were to be able to rent from family friends who trusted us in their home. Definitely wouldn’t be able to find a better deal and utilities and internet was included. We’re in San Francisco now and pay 3x that.

@Anonymoose66G Год назад

@@Investingcoachw How do you even afford that? Surely most people wouldn't have much of any disposable income and thus any unforseen emergency would be incurring you to take out debt and deepen the hole your digging for yourself. What do you get for that as well? To live in an okay city by American standards? Doesn't seem worth it to me personally however if you like it then that's what matters, also most people live where they do because they have to not by choice obviously. In my mind rent shouldn't be more than 12,000 a year for less than 600sq ft anywhere.

@Investingcoachw Год назад

@@Anonymoose66G fortunately my partner and I are both six figure earners. And I really value being in the city and close to fun city things and networking events. But yea rent is hella expensive. But I’m willing to spend on a few higher ticket things and I pull back on things that don’t hold much value for me and even cut them out of my budget entirely.

@janejessy853 3 месяца назад

I feel sorry for the guy sleeping diagonally :(

@bryanmoyna9715 Год назад

Why not...rent a room? Whats the point? im to pay a whole lotta money to live in a room? i'd rather rent a room and save money for a future house if i get to start a family. This is a waste and not a solution, it might work for single hermits but it aint gonna work for social people who wanna have a family. Idk the market for these things tho, maybe it pays for itself in the future idk. Wanna build a tiny house community? where have i heard that before? oh yeah, its called a *building* lol.

@itsBDubss Год назад

So it's a waste and not a solution, all because it doesn't work in some random situation that you conjured up in your head without any further thought? You aren’t aware of any families successfully doing this, even while the information is right there at your fingertips? That's wild.

@bryanmoyna9715 Год назад

@@itsBDubss Humans wanting to make a family is a random situation?

@itsBDubss Год назад

@bryanmoyna9715 when it's a blanket statement, yes it is. Are you slow?

@SamMcKinley Год назад

Who is that tiny home builder that it doesn’t need a furnace?

@naya4607 Год назад

Why do you need a furnace??

@SamMcKinley Год назад

@@naya4607 Homes usually have furnaces to provide heat. How else is it done? I’m inquiring to the builder as to see how it is cooled and heated by concrete panels. I am curious

@naya4607 Год назад

@@SamMcKinley good insulation and a space heater

@stefaniesoldit 8 месяцев назад

@@SamMcKinley it looks like they're using a small mini-split which can do heating and cooling. Assuming this is located in a climate that doesn't get super cold in winter because I've heard that you really need a furnace and can't just use these when the outside temperatures are very low.

@gunarssonbilly. Год назад

I must say you are an inspiration because I started up investing in crypto as a scared investor who doesn’t want to lose money, glad to say I’m very profitable now and bought my first house through it

@Missandrew88 Год назад

Oh wow that's great, congratulation 🎉

@danparker3439 Год назад

Big props to you on your wins please how did you become successful, lately I find everything difficult how did you overcome fear of loosing facing same here

@gunarssonbilly. Год назад

I understand how you feel,well is not luck is all about having good investment plans, watching professional trading videos and most especially connecting with the right person the digital world is full of in unreal people I met some of them during my success journey.

@gunarssonbilly. Год назад

I felt same way when I started especially when you use demo account you might be winning but when you put in real money you start losing I understand and I pass through it all. I’m very happy I’m profitable now.

@sussanphilp8795 Год назад

Congratulation, I’m encouraged keep it up

@zkatherine2579 Год назад

Less is more,simple is Best!

@dalaov5258 8 месяцев назад

move to another country, better...

@loveyourself8026 Год назад

No thank you! Very dangerous!!!

@hubertcumberdale2651 Год назад

Ummm it's Georgia ... a constitutional carry state. It's only as "dangerous" as your stupidity to not have a handgun for household protection 🔫

@turkeytrotproductions4582 Год назад

First comment! 🎉

@noname-vf7yv Год назад

No way she is 40 yo

@msd4743 Год назад

You think she's older? Younger?

@noname-vf7yv Год назад

@@msd4743 younger, she looks 32

@msd4743 Год назад

@@noname-vf7yv .........I was thinking 45.

@WealthLeo-us6uo Год назад

For salary earners having a passive source of income is the best thing you could have, because aside the fact that it isn't always enough you could lose your job any day at any time, have something to fall back to is crucial, for me it is trading the Forex and stock market and know I didn't have that much knowledge to begin to earn that's why I said passive income, I leave the profit making to the pro like my Advisor 'Mr Mark Anderson' who has been doing a wonderful job.

@CleffSindy-sg9qc Год назад

Been looking to invest part of my savings in forex. Just don't know how to get started. Not about to take a loss on my savings haha

@joelrobinson7656 Год назад

Amazing seeing others with Mr Mark Anderson I sta'rted my inve'stment wit $10, 00'0, a week later, we had grown to $55,0'00. This Man!! absolute genius.

@marrynelson5821 Год назад

Venturing into the trading world without the help of a PROFFESIONL TRADER, and expecting profits is like turing water into wine you would need a miracle. Thats why i trade with Mrs Mark Anderson, his skills set exceptional

@VarnaJiera-od8is Год назад

And this is not the first time l am hearing of Mr Mark Anderson and his exploits in the trading world but i had no idea on how to reach him, i have already lost enough of money since my retirement on binance trying to do it myself