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I lived in a tiny house for years.....actually about a dozen tiny houses. They were called one bedroom apartments. I have no interest in going back to " tiny" living!
Has nothing to do with wanting a house . All I'm saying is that this "movement" is nothing more than a person buying or building a small camping trailer. There is nothing new amazing or progressive about it. It's a trailer.
They used to call "tiny houses," mobile homes......the tiny houses remind me of cabins. I would love to have a tiny house.......right in my back yard. Then I would rent out the "big house," and live in the little one. They seem to be well designed and have some nice lines, storage and, you can move them............
Actually you can get a loan for a tiny house as well as a loan for an RV, Fifth wheel or travel trailer.
We have a regular house but no mortgage and just bought our home in August 2015 with cash.
That's because you can't get a mortgage on a trailer that's not permanently set up on its own land with its own utilities, no matter what the hell you call it.
No, but I imagine camping-trailer loans are very similar to loans for RVs or boats.
I've never had one of those loans, nor an auto loan for that matter, but I imagine a tiny-house "mortgage" would be more akin to a boat/RV/trailer loan than to a mortgage on actual real estate.
Besides: if it's not permanently affixed it isn't considered "real" property in the legal sense, rather simply "personal" property. There's a difference.
They used to call "tiny houses," mobile homes......the tiny houses remind me of cabins. I would love to have a tiny house.......right in my back yard. Then I would rent out the "big house," and live in the little one. They seem to be well designed and have some nice lines, storage and, you can move them............
With what? You need at least a full-sized pickup with some power to haul around any kind of big camper/fifth wheel.
Then where are you going to move it to? Most municipalities in urban areas do NOT allow "dependent" mobile homes (ie, not permanently attached to water and sewer/septic) to be lived in permanently although they may allow campers to be set up that way for a limited period of time every year. Many other municipalities have minimum square footage requirements for dwellings, mostly in the 600-800 square foot range. Still other communities have zoning that restrict "accessory" buildings to garages and garden sheds. I seriously doubt that many HOAs are going to welcome somebody plunking down a 168-square foot trailer in their back yard as an additional residence.
My guess is that many of these trailers, ie "tiny homes", that are plunked down in someone's backyard are done so illegally, either totally without permits or with permits for temporary residence that the trailer dwellers ignore when the permits expire.
No, but I imagine camping-trailer loans are very similar to loans for RVs or boats.
I've never had one of those loans, nor an auto loan for that matter, but I imagine a tiny-house "mortgage" would be more akin to a boat/RV/trailer loan than to a mortgage on actual real estate.
Besides: if it's not permanently affixed it isn't considered "real" property in the legal sense, rather simply "personal" property. There's a difference.
That was my point: these trailers can't qualify for a mortgage. I responded to someone bragging that these trailers don't have mortgages because they're so cheap when they don't have mortgages for an entirely different reason. You can't get a mortgage on a house trailer in a mobile home park, either.
If you put a trailer on land you own, unless it's permanently set up as a dwelling, including removing the wheels and hitch, you can't get a mortgage on the trailer and land, only the land.
What a ripoff, $99 or more a night to stay in a tiny house, you can't figure out how it will be to live there by staying one or a few nights. Plus at that rate they are getting $3K a month if they have full bookings. That's $36K a year on a tiny home that may not even cost that much to build.
That was my point: these trailers can't qualify for a mortgage. I responded to someone bragging that these trailers don't have mortgages because they're so cheap when they don't have mortgages for an entirely different reason. You can't get a mortgage on a house trailer in a mobile home park, either.
If you put a trailer on land you own, unless it's permanently set up as a dwelling, including removing the wheels and hitch, you can't get a mortgage on the trailer and land, only the land.
You can get a mortgage on a mobile home, even on a rented lot.
I'm leaning towards building a tiny house (not on a trailer) in Maine. My definition of tiny is around 800 sq. feet. I want to build it on a lake and use it as a summer rental and hopefully live in it for free in the winter. John is not so enthused about my dream. Sigh.
I'd hesitate about living in a tiny house in winter weather. It's bad enough being house bound during storms but being housebound in a tiny house would drive me crazy.
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