Ryan Mitchell, Tiny Houses, Big Ideas, The Solutions Journal, Volume 6, Issue 3, May 2015, Pages 34-35 (https://www.thesolutionsjournal.com/article/tiny-houses-big-ideas/) Abstract: In a time when the "American Dream" tells us that bigger is better, people are downsizing their space to make more room in their lives. Tiny Houses are small homes, often built by their owners, between 150 and 300 square feet with a focus on simplicity and minimalist living. This trend in housing is a stark contrast to current housing in America and has been gaining support over the past few years. American homes have largely stayed the same for the past 60 years with two main exceptions: size and cost. In 1950, the average home was just shy of 1,000 square feet and cost an average US$7,354.1 Compare this to today's homes of 2,385 square feet at an average cost of US$343,300.2,3 The real noteworthy concept here is the income to home cost ratio:4,5 • 1950: 1.7 (median household income: US$4,237, average house cost: US$7,354) • 2015: 6.6 (median household income: US$51,939, average house cost: US$343,300) During this time, while the size of homes has more than … Topics: Built Capital; Economy; Sustainability