Have you heard of Sprout? It’s not a food. It’s a company that’s involved with building the future. Literally.
Sprout is part of the tiny house movement where the dream of living in 300 to 600 sq. feet becomes a reality.
Sound like fun?
For you at least.
But hear me out.
As real estate prices become more and more expensive in places we want to be—who services them?
Think Baby Boomers and think Millennials. How do they co-exist successfully?
It’s becoming more difficult in desirable places. Desirable being the driving force.
Off the top of my head, and from experience, I’m thinking: Key West, Paris, Newport.
I’m sure you can list three areas just as fast.
I like the micro housing approach offered by companies like Sprout Tiny Homes. Would I invest in the company? No.
And it doesn’t have to be about Millennials. It can be about you.
Small houses might be a way for you to own two houses. You can live where you want to live, when you want to live there.
Avoid the onerous taxes in your state. Live and die tax-free.
If you can handle living In New England, moving to the Portsmouth, NH area has some appeal. But the winters are tough. So go to Florida when it’s too cold for you.
OK so you like your town. Fine. If you live in Connecticut, for example, a double play could be turned with a residence in Florida. It’s what the hedge funds are doing. Not that you want to follow them. But you get the point.
Only you can create your future and it doesn’t have to involve a big house, and you don’t have to live where you don’t want to be half of the year.