02/21 Millennials thinking small for affordable housing

 The "Getaway" tiny house projects gives people a chance to taste what living simpler means, says Pete Davis, the co-founder of the project.

The “Getaway” tiny house projects gives people a chance to taste what living simpler means, says Pete Davis, the co-founder of the project.

Harvard law student Pete Davis says he wants to live in his own tiny house someday. In the meantime, getting a taste of the lifestyle now — by offering it to others — has been an unexpectedly successful venture for him.

Davis is the co-founder of Getaway, a project that rents out tiny houses in the woods around Boston, Mass., for people seeking a retreat, or for those who want to test if tiny house living could work for them on a more permanent basis.

The project is one of many small housing initiatives in what amounts to a growing industry in millennial housing, particularly as rising real estate costs in both Canada and the U.S. have made traditional home buying much less affordable.

The tiny house movement, which has seen entire tiny villages spring up in Oregon and Texas in recent years, is working to fill that niche, and was the inspiration for Getaway.

Davis said the appeal of tiny housing is in the shifting priorities of millennials, those in their 20s and early 30s, who seek humbler existences.

“I think it’s because there’s been a transition in lifestyle of what people think the American dream is,” he said. “The idea of the nineties over-consumption — of showing off all the stuff you have and getting the big screen TV — has changed to the desire for more authentic experiences.”

Read more – http://www.cbc.ca/news/business/millennial-housing-1.3444095

nv-author-image

Elaine Walker