Tiny House, Tiny Living, The Tiny Life.

Posts Tagged housing crunch

The Next Housing Crunch May Be Here Sooner Than We Thought

One of the big questions when it came to tiny houses was “is this just a fad because of the recession of 2008?”   Now that we are out of the slump and down the road to recovery we are able to see that it is certainly not a passing trend.  If it was because of the recession, we’d see a slump in metrics, but in the past year the traffic on The Tiny Life has doubled, houses are being built at an ever increasing rate, and media attention has been strong.

One thing in the back of my mind during the whole recession is will we learn our lesson?  While there lies much blame with banks, lenders and Wall Street, the collective population also played their part.  In the end, I don’t think Americans in general have learned much, their actions tell a story that isn’t much different from life leading up to 2008.  I think if you’re reading this blog, you’ve woken up from the “American Dream” to find a nightmare; you get that we need to make changes and by living tiny, you’re taking significant steps to that end.

In the past few months I’ve been following a large number of stories pointing to another recession coming sooner than we expected.  The most recent I saw was this article.  Places like Forbes, Bloomberg, and other big names have spelt out why they think we’ll see a downturn soon.  Estimates range from end of 2015 to early 2017.  Reasons are varied, but all seem to point to the same thing: recession.

Now I’m not going to claim that there will be a recession sometime soon, obviously at some point there will be another, but I think the message is still the same: we know there will be ups and downs in life, how can we best setup our lives to make the journey smoother and less likely to get ourselves into a bad situation?

Hope for the bestPrepare for the worst

With wages stagnating, costs rising, wage gaps ever increasing, wealth concentrating into a scant few bank accounts and our economy being based on an ever increasing capital despite living on a finite planet, something has got to give.   We see these forces in play and know that they aren’t sustainable, we know they will catch up to us at some point.

So far in this life of mine I’ve discovered a few truths:

  1. Building in resiliency in your life will help you today, but also in bad times
  2. Peace of mind is something that is invaluable
  3. The more control we have over our life, our money, our decisions, and our time the better

So what can we do to prepare for a potential slump? 

1. Get into your tiny house

2. Get out of debt

3. Consider your employment, how stable would it be in a downturn and what can you do now to build your network

4. Can you make the jump to solar, partial food production, or other self sustaining practices

5. Can you put away more money for the rainy day we know is coming

 

Your Turn!

  • What are you doing to prepare for the next slump?
  • How are you becoming more resilient or self sufficient?
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