It’s a small price to pay — and it’s paying off big time.
With homeownership being far out of reach for many millennials and Gen Zs resulting from inflated asking prices, astronomical rates of interest and crushing student loan debts, twenty- and thirty-somethings are getting creative about buying abodes.
So, reasonably than scrimping and saving their last pennies within the hopes of someday purchasing a brick and mortar mini mansion, money-savvy young adults are turning to a web-based retail giant for tiny pre-fab pads.
“B- -ch, I just bought a house on Amazon,” raved lifestyle content creator Jeffrey Bryant, 23, from Los Angeles, Calif., to a TikTok audience of over 8.6 million stunned viewers. “I didn’t even think twice about it.”
But Bryant, who scored the 16.5-by-20-foot shelter for just over $26,000 late last week, tells The Post that he bought the fold-out flat using money he recently inherited from his late grandfather’s estate.
The cutesy crib which comes complete with a dedicated kitchenette, lounge, bedroom and loo — with a pre-installed toilet and shower.
“I saw this YouTuber unboxing his Amazon home,” said Bryant, “and I ran to the web site to get one, too.”
But his impulse purchase was actually rooted in a desire to assist those in need, he said.
“I purchased the tiny house to remodel it into an AirBnB for displaced people or people facing homelessness,” said the altruistic entrepreneur.
Nathan Graham, the 27-year-old influencer behind kid-friendly gaming brand “Unspeakable,” ignited the viral thunder-strike in Amazon house shopping — which has seen over 88,000 folks beneath the TikTok-viral hashtag #AmazonHome bragging about their latest nests. At the highest of the month, Graham posted a buzzy clip featuring his freshly acquired $30,000 DIY digs.
“Bro, this thing is very easy to construct,” said the trendsetter, from Houston, Tex., as he and a gang of pals assembled the quaint living quarters. Footage of the standard house amassed over 20.4 million TikTok views. “You literally just unfold it.”
Graham didn’t immediately reply to The Post’s request for comment.
However the tiny house trend has enjoyed a meteoric rise in popularity within the years because the pandemic.
While some minimalists have ditched their sprawling, albeit costly dwellings and moved their families of six into 500-square-foot tool sheds, others have dumped the thought of living inside partitions altogether and transformed large vehicles into their dream addresses.
The avant-garde swing towards snapping up Amazon residences is now picking up steam just as a January 2024 survey revealed that a whopping 90% of millennial homeowners have regrets about their first home purchases.
The poll, commissioned by Real Estate Witch, determined that first-time homebuyers were remorseful about every part from agreeing to pay high-interest rates to picking homes in rough neighborhoods.
But for business-minded homeowners like Bryant, location is essential.
“I’m working with an agent who’s helping me find land [on which to place] my Amazon home,” the aspiring landlord tells The Post.
He’s hoping to land adequate property near California’s glamorous Orange County for lower than $40,000. Bryant is, too, in talks with local housing authorities to acquire the vital permits for the investment property.
“As an individual of color and a Gen Z, I need to encourage others to make clever decisions with their money,” said Bryant.
“People my age are told that we will’t afford to buy homes, but I’m proof that it is feasible.”