Millennial Mini Mansions: An Untapped Gold Mine

Millennials and Gen-X’ers, who make up well over half of the buying public (according to the National Association of Realtors, 59%), are getting married later, earning dual incomes and delaying parenthood. Most importantly, they aren’t at home, they are enjoying life and they want tiny houses!

"If I had 100 of those built today, I could sell 100 of them, today, at a huge profit. But, I can’t build them, nor can you get a loan for one, because neither of us can get loans for them."

The residential builder I was speaking with last week owns a family business that has successfully built homes all over Seattle for over one hundred years. I assumed, at this point, he could get a loan for just about anything with a furnace and a refrigerator. Sounds like he won’t be able to go near the Tiny Homes trend.