For Those Worried That Tiny Homes Reduce Neighborhood Real Estate Values… This One May Sell for $1 Million

This 420-square-foot studio in Manhattan can transform into five different rooms and is on the market for just under $1 million.” – CNN Money

See more of The $1 million foldable apartment – Video.

All Joking aside… $1 Million is an insane price for any tiny home; it kind of defeats the whole purpose of extreme downsizing.

On a positive note, this story also shows that the assumption that tiny homes bring down neighborhood home values may be wrong. First they are in a class by themselves and not comparable to larger homes – and efficient compact designs often take more thought and careful engineering to implement – hence the typically higher cost per square foot for tiny homes. But temper that with the knowledge that many tiny home owners find themselves living mortgage free faster than owners of normal homes.