Times are tough. With inflation rising, millennials and Gen Zers live in a dire financial situation they could not expect. A national housing shortage and rising rental prices created devastated the housing market for young people. Fortunately, it’s not the end of times. There are solutions to combat the housing problem with some creative flair. Here are four creative housing alternatives for young people to consider.
Tiny Homes
Tiny homes have taken the world over. Today, more people opt for a minimalist lifestyle than the materialism of the 1990s and early 2000s. People seeking financial security want to spend less on frivolous items, especially large homes. With the current housing shortage and rising rental prices, many young people consider tiny homes a feasible alternative. These structures take significantly less room and cost a fraction of a traditional house.
Silo Homes
Silo homes have also proven a feasible alternative to traditional housing. What exactly are silo homes? When farmhouses become abandoned or dilapidated, they often get torn down and replaced with shopping centers, gas stations, or retail outlets. Some people purchase abandoned silos and convert them into their own private residence. Silos are considerably cheap and may even be free depending on the landowner. From there, all you need to focus on is the cost of repairs and living arrangements.
Camper Vans
Van living is another creative housing alternative for young people. After high school and college, many people want to travel. However, airline costs, hotel fees, and other travel arrangements can rack up unprecedented costs. Therefore, many people have transformed cargo vans into mobile homes for less. Given the nature of the camper van lifestyle, basic conversion of a cargo van allows van lifers to work, travel, and live how they want. If you’re interested in doing the same, make sure to find the camper van accessories that are worth the hype.
Houseboats
Finally, anyone interested in living on or near a body of water can do so in the safety and comfort of a houseboat. Houseboats offer a massive upgrade to scenery since you live on a lake or river. Additionally, contemporary houseboats provide the same amenities and luxuries of a conventional house. That way, you don’t need to sacrifice a TV, refrigeration, or bedrooms. Those are common features on a houseboat. Houseboats typically cost tens of thousands of dollars, but you can rent or loan one to fit financial needs.