by Mish Shedlock, The Maven:
Looking for an affordable home? Meet the Under $20,000 Home on Amazon.
The Altwood Timberline 483 Square Foot Cabin is $39,900.
Want Still More room?
Try the Allwood Eagle Point | 1108 SQF Cabin Kit for $46,900.
Prefab Boom
MarketWatch reports Amazon is selling entire houses for less than $20,000 — with free shipping.
Prefabricated and modular housing — with homes prebuilt in factories — is having another moment. From 2013 to 2018, industry revenue grew an annualized 8.6% to nearly $10.5 billion, including growth of 4.1% in 2018 alone, according to research firm IBISWorld.
Sears used to sell houses in its catalog. We have now come full circle.
Not Included
These prices do not include foundation, electric hookups, insulation, etc.
Many will not meet building codes, but that last one might straight up or with some modifications.
Coming Soon
I suspect for under $80,000 there will be prefab, well-insulated, and everything included (even the foundation, kitchens, bathrooms, etc.) homes that will be of reasonable quality and meet building codes in many cities.
Good luck finding land at affordable prices with electricity and utility connections readily available, to put one of these houses on.
Then again, try places like Danville, Illinois, my home town.
The problem, however, is $80,000 is an enormous price for decaying cities like Danville.
$50,000 will buy very livable homes.
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