Micro apartments - the next big thing?

Jul 16, 2012 Full story: WTHI-TV Terre Haute

New York City renters have long made a habit of sacrificing square footage to save money.

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Since: Apr 12

Willcox, AZ

#1 Jul 16, 2012
Hi, who is starting a family living in 300 sq.ft.

And the mental health costs when people so cramped

Go back to the soda issue Mayor.

Brooklyn, NY

#2 Jul 16, 2012
They should have bought the 3,000 square foot Ranch when they were letting anybody sign....
Rikers Luxury Apartments

Riverhead, NY

#3 Jul 16, 2012
$2000/mo for a super-sized prison cell?

Observe, fools. You can get small, very modest homes in towns less than 120 miles from Times Square for $100,000. That's a mortgage of less than $500/mo.

With a bit of work, you can find plenty of employers that will let you work from home 3-4 days a week.

With me so far?

OK. Just commute in one or two days a week. Take a bus or drive. The cost is less than $50/day.

You save over $1000/mo, get to own the home, and get tax deductions for the travel. Plus, you live in a house, not in a wrong turn made by a rat in a maze.

The savings more than cover your food and gas. And you won't be spending all your weekends trying to escape from your minimum security prison/loonie bin.

Since: Aug 13

Location hidden

#4 Jun 3, 2014
Micro living isn't for everyone, but it does offer some interesting opportunities.;
1) Micro apartment buildings can provide an affordable pied-a-terre in expensive luxury cities
2) Micro dwellings can let anyone be an apartment building developer and owner
3) A great variation is the "micro coach house" invented by architect/designer William Edward Summers. See http://www.designenvelope.wordpress.com

Since: Oct 12

Location hidden

#5 Jun 3, 2014
Living in NYC isn't worth the tradeoff....

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