As Mortgage Costs Spike, Is It Time to Look at Purchasing a Tiny Home?

As Mortgage Costs Spike, Is It Time to Look at Purchasing a Tiny Home?

Tiny homes are typically classified as properties that are 400 square feet or less, although some definitions go up as high as 1,000 square feet. Tiny homes have become a popular option, with an entire tiny house movement, in part because they cost around a fifth or less what traditional properties cost. Unfortunately, unlike most real property such as residential homes, RVs usually depreciate in value rather than going up in value.