For retirees who would rather spend their money on fun trips and activities, or for those who have a fixed income and less than $1,000 to their name, tiny houses have emerged as a viable solution.
Market Watch reports that retired individuals are opting for tiny houses and micro apartments — dwellings smaller than 400 square feet — for their reduced monthly costs.
Less home maintenance is a perk, and downsizing and wanting to cash out from their old homes are also factors in the retirees’ decisions to live in small spaces.
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