Quote:
Originally Posted by Xist
Well, If you can put $10,000 a year into savings while renting, why couldn't you build a $10,000 tiny house in a year and then add your $10,000 savings to what you would have paid in rent.
...why couldn't one build a tiny house, live in it while building successively larger tiny houses until you can afford a full-sized one?
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Nobody is building a tiny house for only $10k. $10k is enough of a down payment for a VA mortgage.
Reiterating dwelling units on a non-appreciating asset (also known as a liability) is the definition of inefficiency.
You build a tiny house because that's the type of house you want to live in; not as a way to own a large house.
Living with mom is how one saves money