re: 1 bed 2 bath tiny homes in San Antonio for $160K

quote:

---

Buying one is a better investment than renting a 1 bedroom apartment. 660 sq ft is an average one bedroom apartment.

---

Is it though? You would think you might build some equity BUT the initial sell is driven by the builder, the realtor and probably a bank having a vested interest in getting someone on the mortgage. They will market the hell out of them AND have financing lined up for anyone interested. Re-sells won't have that advantage. In fact there is a re-sell in the development listed right now for 81% of what the new ones are listed for...and its been on the market for nearly 90 days and the price has been reduced 3 times.

Owning also means maintenance of the building and the lawn itself. Can be a lot of money and even with the tiny footprint it requires some work.

Finally owning real estate is an anchor. If you planned to retire in the area and did not think you might relocate for work or expand your family they might make sense...however, they are priced at a point where investors will probably snap them up and will rent them for very little compared to other rentals in the area...which means they neighborhood will be full of lower income renters most likely. Not a great situation if you bought.