It’s a small price to pay — and it’s paying off big time.
With homeownership being far out of reach for most millennials and Gen Zs due to inflated asking prices, astronomical interest rates and crushing student loan debts, twenty- and thirty-somethings are getting creative about buying abodes.
So, rather than scrimping and saving their last pennies in the hopes of one day purchasing a brick and mortar mini mansion, money-savvy young adults are turning to an online retail giant for tiny pre-fab pads.
“B- -ch, I just bought a house on Amazon,” raved lifestyle content creator Jeffrey Bryant, 23, from Los Angeles, Calif., to a TikTok audience of over 8.6 million stunned viewers. “I didn’t even think twice about it.”
But Bryant, who scored the 16.5-by-20-foot shelter for just over $26,000 late last week, tells The Post that he bought the fold-out flat using money he recently inherited from his late grandfather’s estate.
The cutesy crib which comes complete with a dedicated kitchenette, living room, bedroom and bathroom — with a pre-installed toilet and shower.
“I saw this YouTuber unboxing his Amazon home,” said Bryant, “and I ran to the website to get one, too.”
But his impulse purchase was actually rooted in a desire to help those in need, he said.
“I bought the tiny house to transform it into an AirBnB for displaced people or people facing homelessness,” said the altruistic entrepreneur.
Nathan Graham, the 27-year-old influencer behind kid-friendly gaming brand “Unspeakable,” ignited the viral thunder-strike in Amazon house shopping — which has seen over 88,000 folks beneath the TikTok-viral hashtag #AmazonHome bragging about their new nests. At the top of the month, Graham posted a buzzy clip featuring his freshly acquired $30,000 DIY digs.
“Bro, this thing is so easy to build,” said the trendsetter, from Houston, Tex., as he and a gang of pals assembled the quaint living quarters. Footage of the humble house amassed over 20.4 million TikTok views. “You literally just unfold it.”
Graham did not immediately respond to The Post’s request for comment.
But the tiny house trend has enjoyed a meteoric rise in popularity in the years since the pandemic.
While some minimalists have ditched their sprawling, albeit costly dwellings and moved their families of six into 500-square-foot tool sheds, others have dumped the idea of living within walls altogether and transformed large vehicles into their dream addresses.
The avant-garde swing towards snapping up Amazon residences is now picking up steam just as a January 2024 survey revealed that a whopping 90% of millennial homeowners have regrets about their first home purchases.
The poll, commissioned by Real Estate Witch, determined that first-time homebuyers were remorseful about everything from agreeing to pay high-interest rates to picking homes in rough neighborhoods.
But for business-minded homeowners like Bryant, location is key.
“I’m working with an agent who’s helping me find land [on which to place] my Amazon home,” the aspiring landlord tells The Post.
He’s hoping to land adequate property near California’s glamorous Orange County for less than $40,000. Bryant is, too, in talks with local housing authorities to obtain the necessary permits for the investment property.
“As a person of color and a Gen Z, I want to inspire others to make wise decisions with their money,” said Bryant.
“People my age are told that we can’t afford to purchase homes, but I’m proof that it is possible.”
Source link
#Gen #millennials #homeowners #30K #tiny #homes #Amazon