Gen Z, millennials are becoming homeowners with $30K tiny homes on Amazon, $AMZN

Gen Z, millennials are becoming homeowners with $30K tiny homes on Amazon, $AMZN, per NYP.


Instead of pinching pennies with dreams of one day owning a traditional spacious home, financially savvy young adults are opting for tiny pre-fabricated dwellings from an online retail giant.

Lifestyle content creator Jeffrey Bryant, 23, from Los Angeles, California, shared his excitement with a TikTok audience of over 8.6 million viewers, proclaiming, “Bitch, I just bought a house on Amazon. I didn’t even think twice about it.” Bryant, who acquired a 16.5-by-20-foot shelter for just over $26,000, revealed he used money inherited from his late grandfather’s estate for the purchase.

The compact abode comes complete with a dedicated kitchenette, living room, bedroom, and bathroom, featuring a pre-installed toilet and shower. Bryant was inspired to make the purchase after watching a YouTuber unboxing his own Amazon home.

Nathan Graham, a 27-year-old influencer behind the kid-friendly gaming brand “Unspeakable,” sparked the trend in Amazon house shopping with a viral TikTok video. His $30,000 DIY dwelling was showcased as effortlessly assembled by Graham and friends, garnering over 20.4 million TikTok views.

While the tiny house trend has been gaining popularity in recent years, it saw a meteoric rise during the pandemic. Some minimalists have downsized from costly, spacious homes to accommodate their families in 500-square-foot tool sheds, while others have abandoned traditional living spaces altogether, converting large vehicles into dream homes.

The average monthly mortgage payment currently stands at a substantial 52% higher than the average monthly rent for a house or apartment, marking the highest figure since the 2008 housing crash, according to the Wall Street Journal. Despite most U.S. mortgages being offered at rates below 4%, the phenomenon of "golden handcuffs" is keeping many Americans in their current homes, limiting housing inventory, increasing market competition, and driving prices higher than expected.

Read more: https://unusualwhales.com/news/the-average-monthly-mortgage-payment-is-a-whopping-52-higher-than-the-average-monthly-rent-on-a-house-or-apartment-the-highest-amount-since-the-2008-housing-crash