POOR MIDDLE CLASS HOUSING ALTERNATIVES

 

Poor Middle Class Housing Alternatives
This is a continuation of the last post, The Poor Middle Class Housing Crisis. In this post, poor middle class housing alternatives are presented. This can involve some ‘out of the box thinking’ solutions. These tools can include:
• Downsize possessions
• Buy or rent a smaller home
• Rent subsidized or senior housing
• Find Ways To Live Rent Free
• Invest In A Tiny House
• Relocate to a cheaper area, state or country
• Live off the grid

poor middle class housing alternatives
Self Storage in America from Slate article by Tom Vanderbilt

Downsizing
Have you ever noticed how many storage facilities there are? This has become a booming industry. We have too much stuff and we don’t know how to part with it. So we rent space to horde it. My rule of thumb is this. If you feel the need to rent a storage space for your overflow of belongings, don’t. Downsize instead.
• Donate possessions to the Salvation Army or other charity
• Give things to your children or someone you know who wants and needs them
• Have a garage sale
• Sell things online
• Buy or rent to a smaller, less expensive residence

Buy Or Rent A Smaller Home
It is much easier to go bigger than smaller. But for the poor middle class, the latter may be a necessity. It may be difficult emotionally to let go of a treasured home. But would you rather be in debt in a home you adore or be solvent in a house you can afford? For those in crisis as part of the poor middle class in the US, when it comes to housing selling and downsizing may be the only way to go. Even for those not in crisis, more modest living can open more doors than it closes, financially.

poor middle class housing alternatives
Large House for Sale from USA Today

Subsidized Housing
I have found this to be the most challenging, time consuming and confusing of all the tools for the poor middle class financial survival toolkit. Because of this, I feel that an entire blog post needs to be dedicated to this issue. In addition, the other tools will also be on an additional post. ‘Out of the box’ alternative housing is for the poor middle class of all ages, not only seniors.
• Live Rent Free
• Invest in a Tiny House
• Relocate to another area, cheaper state or another country
• Live Off The Grid

This housing discussion continues with the post, Affordable Housing.

 

 

 

Sources and Resources
Self-Storage Nation

The Viper Tool Storage Company

3 money smart reasons to donwsize

Home Downsizing 101

The Upside of Downsizing Your Home

California Billionaire Proposes Housing The Homeless In Shipping Containers

International Living

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