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Yahoo
an hour ago
- Yahoo
Top 5 Cities Where Tiny Apartments Are Big — and How Much It Costs to Live There
As typical rent prices across the U.S. reach more than $2,000, many Americans struggle to find affordable rental housing, according to recent research from As new graduates seek apartments, it puts more upward pressure on rent prices. Read Next: Discover More: This spring, multifamily home rental prices have edged up by 0.7%, up to $1,849 for a typical apartment, wrote in its March Rent Report. The solution for many renters? Tiny apartments, or micro-housing. Developers are converting space in dying or defunct malls across the country into micro-apartments, like the ones at The Arcade, a historic mall building in Providence, Rhode Island. Similarly, the Lafayette Square Mall in Indianapolis is planning to open 1,200 apartments in a former Sears building in 2025, reported. But the biggest demand for tiny apartments is on the West Coast, according to a new study from San Francisco ranks the highest or available micro-units and also shows the biggest cost savings for renters who can cram themselves and their belongings in a space that maxes out at 415 feet. According to research, some tiny apartments in San Francisco measure as small as 124 square feet. If you're reading this from the comfort of a spacious, 3-bedroom suburban home, 124 square feet is just slightly larger than a 10′ x 12′ bedroom you might have in your house. Most micro-units have a maximum size of roughly 415 to 440 feet to be considered 'micro' by zoning laws. But you'll find outliers. For instance, the smallest of the tiny apartments are in Honolulu, Hawaii, where a unit must be under 348 square feet to be considered 'micro.' Let's take a look at 5 cities where micro-units make up more than 10% of the city's available rentals. City Avg. size of tiny apt. % of micro-units Avg. Rent for Micro-unit Savings compared to traditional apartment San Francisco 415 14.70% $1,888 $1,628 Seattle 405 12% $1,289 $1,099 Honolulu 348 11.60% $1,700 $562 Portland (OR) 408 10.70% $1,144 $635 Minneapolis 433 10.40% $1,078 $661 More From GOBankingRates Surprising Items People Are Stocking Up On Before Tariff Pains Hit: Is It Smart? 10 Unreliable SUVs To Stay Away From Buying This article originally appeared on Top 5 Cities Where Tiny Apartments Are Big — and How Much It Costs to Live There
CNBC
9 hours ago
- CNBC
Couple bought a homestead for $390,000, spent $13,000 on DIY renovations: Their No. 1 takeaway after a year on the land
In 2023, Sophie Hilaire Goldie, 37, and Rocky Goldie, 50, had just finished converting a friend's Home Depot shed into a tiny home and were ready to start looking for their own place together. "If it wasn't for meeting her, I probably would have ended up in a little shack," Rocky tells CNBC Make It. "I took a long way to get here but I wanted to be some type of homesteader when we met. She had the same vision and it's not common to meet somebody who does." "He also wanted to be living off the land and homesteading," Sophie adds. "But he didn't have this big grand vision of all these buildings. He just wanted something simple." The couple started their search on Zillow with a specific list of requirements that included "at least 10 acres of land" and located "deep in rural Kentucky." "We love old things and antiques, so we wanted a place with some history. We were actually looking for a fixer-upper that had some history, and we weren't really finding great stuff on Zillow," Sophie says. A local photographer connected the couple to a realtor who found them a 37.5-acre homestead for around $390,000. The property had two log cabins from the 1840s that had been combined to make one 2,200 square foot house — with four bedrooms and one bathroom — and one 200 square foot cabin and two barns. "I think I had been waiting my whole life to finally come home. There were elements of the shed that felt like that but this place, more than anything, felt right. I knew it would be the last time I was moving and where I'll spend the rest of my life," Sophie says. "I knew I wanted to put so much energy into these surrounding acres and this view. Finding home in Rocky and this home felt like I could finally let go of the burden I was carrying on trying to find a place." When the couple first visited the property, it was in pretty bad shape. There was poison ivy in the front yard, the sidewalk had cracks, and there was garbage everywhere. But Sophie felt optimistic. "I knew we were going to buy this house before we even stepped foot into it," she says. "I saw all of the promise. With me and my husband working on this place full time, in a few years we could transform this place." "I knew it looked terrible but I could see underneath all of it," she adds. Rocky was less sure but says he was swayed by his wife's enthusiasm. "I thought it was going to be a lot of work and that it was beautiful," he says. "Sophie was always talking about the pros and I was talking the cons, but she convinced me." "I think we balance each other out that way. I'm toxically optimistic and Rocky is pessimistic, but I knew there was no way we weren't going to live here," Sophie adds, laughing. Sophie and Rocky closed on the property in early 2024. The couple secured a 30-year mortgage with a minimum monthly payment of $1,790.18 and plan to pay it off in under five years. Since moving in a year ago, Sophie and Rocky have focused on doing renovations around the house and the property themselves. The couple estimates they've spent about $13,000 so far: $9,000 on tools and $4,000 on the interior of the house. That doesn't include the hundreds of hours the couple has spent doing things like clearing out old trees and bushes, getting rid of all the poison ivy on the property and getting rid of an infestation of brown recluse spiders — one of two spiders in North America with dangerous venom, the other being the Black Widow. Sophie says that when she looks back on the first year of living on the homestead, she splits it into two categories: the work and their mindset. "The first part of the year was a lot of clearing. This place was covered in trash and so it was a lot of trips to the dump. It was a lot of sorting through that stuff before we even took it to the dump. It was also the chaos of having way too many animals and that is completely my fault and I knew it, but I also couldn't stop myself," she says. "I think that first year was really hard and it's hard to even go back to that place but it was also so amazing and exciting. There was an endless amount of things to do, but it was all fun and exciting." Sophie and Rocky have also added new things to the grounds like a garden, many fruit and nut trees and over 30 animals, including chickens, a goat, guinea fowls and cats. On top of the additions to the grounds, the couple has also started renovations on the house, including redoing the kitchen, the bathroom and organizing the rooms throughout the house. The two are trying to set themselves up to be as self-sustainable as possible, too. They eat the eggs from the chickens in the barn and use the milk from the goat to make cheese, creamer, and to bake. The hope is to also use the material they get from the clearing to make their own hay. "We've got our own eggs. We've got fruit. This will be the first year that we will be canning, which I learned from one of our neighbors," Sophie says. "One of the rooms we're redoing to make it into a canning room, which is going to have who knows how many months worth of food ready to go." Now that the couple has been living on the property for a little over a year, Sophie says the most significant lesson she's learned is the impact a person can have on a piece of the planet. "We came here and now you can see how, as long as there are two people here working on this most of the time, you could take a place that was so neglected and change it," she says. "Now we see the rapid abundance of all the work we put into it. It makes you think so much more about the impact that we have on the planet, especially in stewarding this one piece of land. It's a big responsibility because you have a lot of power to do good or bad." For Rocky, the biggest lesson he's learned is who he is outside of his career. He served in the Marines for several years before transitioning to a career in maintenance, which spanned over 20 years. "He was so tied to that identity and when I told him to quit his job and homestead full-time, I saw the sirens going off in his head," Sophie says. "Since he quit, I ask every few months or so how he feels and every time his answer is the same, he forgot to even think about the fact that he quit his job." "It's ingrained into you in this culture that people identify themselves with their jobs. The job becomes your identity and even if you've got somewhat of a plan of how you want to live like we did, it was still scary to let go of that lifeline," Rocky says. "When I left, I thought I would probably sit back and think about what I would be doing at work today but it never happened. The only thought that I have now is why I didn't do it sooner." Sophie and Rocky have no plans of ever selling their property, and are excited to continue working on the homestead, growing Sophie's skincare company, Seoul + Soil, and sharing their journey on YouTube. "I look forward to the day when it's not all these huge projects and all the major stuff is one and then we're just sitting around dilly-dallying and doing our hobbies," Sophie says. "I always want to keep learning and eventually spend half of my day just sitting here doing a hobby." Similar to Sophie, Rocky looks forward to the time when he can simply enjoy his hobbies. "I love to read and learn something, so I would say my goal would be to get to the point where I could do day on, day off of reading, learn something and then go practically apply it the next day," Rocky says. "I sit and think about what my goal is but it's more of a feeling and I kind of already have that feeling where I can sit back and just feel at peace and there's nowhere else in the world I would rather be. I think I'm already at the destination." ,
Yahoo
9 hours ago
- Yahoo
Trump calls out Putin, accuses China of not honoring trade deal terms during 19th week in office
President Donald Trump put Russian President Vladimir Putin on notice, and issued some harsh words to China and their ongoing trade negotiations during his 19th week in office. "What Vladimir Putin doesn't realize is that if it weren't for me, lots of really bad things would have already happened to Russia, and I mean REALLY BAD. He's playing with fire!" Trump wrote in a Truth Social post Tuesday morning. Dmitry Medvedev, the deputy chairman of the Security Council of Russia and former Russian president, responded in kind and issued his own words of caution to the U.S. "Regarding Trump's words about Putin 'playing with fire' and 'really bad things' happening to Russia. I only know of one REALLY BAD thing — WWIII. I hope Trump understands this!" Medvedev wrote. White House Reveals Possible Penalties On Putin Amid Peace Push: 'Whatever It Takes' Trump's remarks come as Russia has ramped up its attacks against Ukraine in recent weeks, and as the U.S. has sought to distance itself from the conflict between the two countries. Meanwhile, Trump said on Wednesday that time is limited for Putin to get serious about coming to the negotiating table and engage in peace talks. Otherwise, the U.S. might adopt a different approach, he said. Read On The Fox News App "We're going to find out whether or not he's tapping us along or not, and if he is, we'll respond a little bit differently, but it will take about a week and a half to two weeks," Trump told reporters in the Oval Office on Wednesday. Here's what also happened this week: Trump accused China of violating an initial trade agreement that Washington and Beijing were hashing out in May. Following those negotiations, both countries agreed that the U.S. would cut down its tariffs against Chinese imports from 145% to 30%, and China would reduce its tariffs against U.S. imports from 125% to 10%. But Trump said that China hasn't followed the terms of the agreement, without disclosing specifics. "The bad news is that China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US," Trump said in a social media post Friday. "So much for being Mr. NICE GUY!" 'No Reason' For New Nukes: Trump Floats Disarmament Talks With China, Russia U.S. Trade Representative Jamieson Greer said after Trump's post in an interview with CNBC that China had failed to remove its non-tariff barriers, as outlined in the deal. "The United States did exactly what it was supposed to do, and the Chinese are slow-rolling their compliance which is completely unacceptable and has to be addressed," Greer said on Friday. Meanwhile, China pressed the U.S. to reverse course and urged the U.S. to address its own mistakes. "China once again urges the US to immediately correct its erroneous actions, cease discriminatory restrictions against China and jointly uphold the consensus reached at the high-level talks in Geneva," Chinese embassy spokesperson Liu Pengyu said in a Friday statement. Canada also could receive protection from Trump's so-called Golden Dome — if it becomes part of the U.S. Trump has long pushed for Canada to become the 51st state, along with expressing interest in acquiring Greenland and the Panama Canal. Trump Claims Canada 'Considering' Offer Of Free Golden Dome In Exchange To Become 51St State "I told Canada, which very much wants to be part of our fabulous Golden Dome System, that it will cost $61 Billion Dollars if they remain a separate, but unequal, Nation, but will cost ZERO DOLLARS if they become our cherished 51st State," Trump said in a Tuesday social media post. Trump has long touted setting up a Golden Dome, a defense shield initiative for the U.S. akin to the one Israel has protecting article source: Trump calls out Putin, accuses China of not honoring trade deal terms during 19th week in office
