I heartily agree with Jay and Stacey: "Jay - so true. My house in the suburbs was built in the 50's. The original house was maybe 1300 sf, three bedroom, 1 bath, very well designed, all good livable space in a small footprint." I am also a bit fed up with comparisons of "back then".
A few years ago I did a comparison of minimum wage vs cost of rental a one bedroom rental, in Vancouver (for those familiar, the West End by Stanley Park, one of the pricier options), arguably the most expensive city in Canada for real estate.
1980's hourly wage: $3.50/$4.75 (
http://srv116.services.gc.ca/dimt-wid/sm-mw/rpt2.aspx ); monthly paycheck $560/$760; my rent $400-$600 (OLD, three story walk up, no elevator, no view, absolute cheapest I could find).
2022 minimum hourly wage: $15.20; monthly paycheck $2432; 1 bedroom rental in same area: $2,100 is now the average rate, adjust that for my "cheapest" rent possible, and we are in the same ballpark.
Math is not my strong suit, but to say "housing has gotten too expensive" is a complete myth, in my opinion; as pay packets have increased, so have rent costs. Granted, I was a waitress at a greasy
spoon, and yes there were tips, which on average was about $10-$20 a shift, and yes, that was how I paid for everything beyond rent. I chose to live in a pricier area (walk to work and groceries, no bus or car costs), alone, in a one bedroom - the same options are available today, choose what is important and make it work.
Yes, I get it, the bank people say one
should never spend more than 20-30 % of ones monthly earnings on rent, well I say phooey! That is a nice thought, and a great goal, but that was my reality, and that is the reality of most of us, just starting out. When I bought my half acre in my mid thirties, it was a piece of crap, falling down, 1960's trailer, essentially no heat, rotting floors. Almost 20 yrs later it is paid off, with a new (now 7 yr old) home on it. I did over ten years with no heat, scrimping every month to make
mortgage, driving a car at least 20 yrs old, no vacations... I do not regret a moment of it now, nor did I then; yet all those who were snickering at my beater car are just now purchasing a home, and will not have it paid off before they die.
While I really could not see myself in a Tiny House at my age, I would have loved that as a 20 something! When we had this home built we settled on just over 1400 sq feet, 3 bed, 2 bath. Everyone was shocked, as around here 2500-3500 is the norm, and 5000-7500 sq ft is in no way unusual. Are there some areas I would have added a bit, sure (forgot to leave room in the Owners Bedroom for a bench at the foot of the bed, but other than that), but in the end, not really. Frankly, why anyone would want to clean and be responsible for a home larger than needed is quite beyond my comprehension.
It is all about choices, there is definitely some truth in a little suffering breeds resilience, and frankly a good chunk of pride and self worth.
It seems there is a ridiculous percentage these days staying home into their thirties, and beyond. Contrary the popular vernacular, most are NOT saving for a home, but with no rent they can afford the newest cars, phones and toys, take regular vacations (often multiple times a year), and sport the latest fashion - often the kids swag is NICER than the parents they are sponging from. The parents feel they have no choice as rents are "so high" and their precious baby must not have to make any sacrifice to attain any level of self sufficiency, so they do not even charge them rent, or otherwise make them EARN their free room and board.
I really think a good proportion of the upcoming generation(s) do honestly come by their "snowflake" designation...they are just to fragile to withstand the rigors of reality. A little suffering in ones youth goes a long way to appreciating life and having pride in ones self and accomplishments in the long run. We all should do our time living on ramen noodles!