Millennials and Tiny Houses: A Match Made in Heaven

What does it mean when the top mortgage salesman in the US can’t convince his own daughter to buy a house?

“We would drive around neighborhoods and he would point out houses,” chattering about curb appeal and prices, Sara said. “I’ve heard about this my whole life. In my head, I always figured at the age of 27 or 28 I’d buy.” She can, but hasn’t. She’s a legislative aide to Senator Michael Bennet, a Colorado Democrat. Her fiancé, Dan Nee, is a software developer. Their jobs are steady and their combined income is $107,500. The car is paid for and dad is ready to help with a down payment. … [but] “A house is a five- to 10-year commitment,” Sara said. “I’m hesitant about diving in and feeling like I’m not financially ready.”

She and other millennials — the generation born beginning in the early 1980s — started coming of age just as housing collapsed. Sara was just out of college in 2009 when President Barack Obama put her dad in charge of the Federal Housing Administration. Part of his job was to lobby Congress not to dismantle the financial architecture that had made it possible for generations of Americans — including himself — to buy homes. He also was juggling pleas from family and friends who couldn’t pay their adjustable-rate mortgages or sell their devalued houses.

It means she’s a bloody genius, that’s what it means.

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Chris and Malissa Tack didn't want to pay $1,200 a month to rent an apartment anymore, so they decided to build their own solar-powered tiny house for $32,000 on a plot of land they rent for $300 a month. They even have a little space for their cat. [Thanks Shannon, for the pointer.]

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In rich people accommodation news: A portable hotel that can be wheeled up to your private jet when you land … because it just takes way too long for your driver or helicopter pilot to take you to a five star hotel.