I wrote in a former blog post, about how there are 15 states in the USA that require incomes under 50K for a single person to survive.(courtesy of an article written by Mike Winters)
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I happened to watch a video this morning about tiny homes in the USA. Some were as small as 350 square feet. So, if North America is stairing down the prospect of a recession...there will be opportunities that empower lower income or cash strapped families to thrive in a tighter economy.
So enters the tiny home industry. Fixed home address on minimal land with minimal square footage that folks can buy while earning a modest income or on a fixed income due to retirement, lifestyle choice or disability.
The article written by Mike Winters spoke of the following 15 states...
Alabama, Arkansas, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Mississippi, Missouri, Nebraska, Oklahoma, Tennesee, West Virginia, and Wyoming.
So, if you are looking for an idea for your next investment, perhaps you may want to consider investing in the tiny home industry being built in any of the above 15 states. Why focus on these low income states? Because you don´t want folks who buy these kind of homes, to not be able to afford them. You want to build them in states where folks have a lower cost of living. That will prevent foreclosures and folks living beyond their means.
What do you think friends....is this a golden opportunity? Could your family afford to invest less than 200 grand on a tiny home or more than one tiny home in one of the above 15 states? You could buy it for an income property to rent out or as an extra vacation home.
I live in Northen Ontario Canada and I see the struggles folks face finding affordable housing on a basic working family´s income. Where there is struggle there is also opportunity.
Do you want to help other people? Perhaps you can build a struggling working person or retired person a tiny home, so they have a safe stable place to live and sleep.
We all have different abilities that God can use to support the other people we share the planet with. If you feel called to help people with housing...would building or investing in tiny home structures be a strategy?
Let me know what you think...I respect your voices.
Peace,
Carla
Disclaimer: This blog post is for conversation purposes only, it is not intended to be investment or financial advice. This blog and it´s author do not accept any liability for the ideas discussed in this post or any other post on this blog.
