THIS UNIVERSITY PUT ITS STUDENTS IN 130 SQFT UNITS AND THEN DID THE RESEARCH TO EVALUATE THEIR WELLBEING.
It turns out that young generations are very willing to exchange square footage for more affordability and better location, with no negative impacts to their wellbeing.
Leaving the 130 sqft example aside (which is admittedly an extreme example):
People will keep saying that housing affordability is a very complex matter and that it requires a lot of stakeholders and solutions to come together. And yes, there's truth to that. BUT, if we could come up with new space solutions to prove to people that they could comfortably live in half the size they live today, that's a pretty real solution to a very serious problem.
Less square footage equals less rent, and yes, it's as simple as that.
Fascinating paper by Jordi Honey-Rosés and team:
"In our context, overall satisfaction with tiny living is high, even when absolute space is extraordinarily small, shattering conventional standards and minimum requirements by a considerable margin for most cities. Other factors appear to compensate for the small size, such as location, affordability, and privacy"
Thanks Lily Reynolds, AICP for sending this paper my way.
https://lnkd.in/dSjnZe3C