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college-girl199328 · 2 years ago
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Could prefab homes solve Canada’s housing crisis? ‘It’s like an orchestra’
Canada is facing a housing crisis — the number of homes needed in the country keeps growing but not the number of people needed to build those homes. As homebuilders and policymakers grapple with this problem, some may find answers in “prefabricated” houses, according to experts.
“Prefabricated (or prefab) housing is a form of housing where the building blocks are built in a factory rather than on-site,” Matti Siemiatycki, director of the infrastructure institute at the University of Toronto, told Global News.
“By manufacturing in a factory, it means construction can be done more precisely and it saves energy costs,” he said. Not being constructed on-site also saves labor costs, Siemiatycki added.
Prefab homes have been quite the rage of late. This is from tiny homes being flaunted on Instagram to being the popular choice for an Airbnb stay, to Elon Musk living in one himself.
As of last year, the billionaire was known to be residing in Boca Chica, Texas, in a 375-square-foot, energy-efficient prefab home from the company Boxabl. The model of home, known as the Casita, starts at around US$45,500 and is delivered to the customer on the back of a semi-truck.
Some companies, like Roombus, are even integrating software into their designs to make smart prefab homes. Roombus’ Nest homes are equipped with the company’s RoomOS software that can be used to unlock your house, adjust the lights and control the climate — all with a phone.
Prefab homes have been popular in waves throughout history, like in the U.K. after the Second World War following a housing shortage, according to Siemiatycki.
“There’s a long history of prefabricated homes. You used to be able to buy them from a Sears catalog,” said Siemiatycki, who is also a professor of geography and planning at the University of Toronto.
Between 1919 and 1928, Sears, Roebuck & Company sold home kits from its “modern home program,” according to the James A. Garfield National Historic Site. One home was even named “The Garfield” after the 20th president of the United States.
In Canada, many houses are typically built using the “stick construction” method — in contrast to prefab homes, where the home is delivered after it’s constructed, according to Siemiatycki. It is a construction method in which materials are assembled on-site.
“Interestingly, we’re returning to (prefab) now because we’re in a housing crisis,” he said. “You’re hearing a lot of emphasis on prefab housing, and it’s becoming more popular.” With increased demand, there has been a rise in companies creating prefabricated homes, though one hasn’t exactly dominated the market as of yet, said Siemiatycki.
“These companies have struggled to find a foothold. There’s a lot of talk about this. However, if this is going to catch on, who’s going to become the dominant player is still really up for grabs,” he said.
For 28-year-old Sasha Weekes and her boyfriend, moving into a 608-square-foot prefab home in central Prince Edward Island helped to “cut our expenses back by a lot.” “On the East Coast, they’re quite common, especially now with the housing crisis,” she told Global News.
Weekes’ home qualified for a mortgage through Canada Mortgage and Housing Corporation. The biggest hiccup, however, was the delay Weekes faced in actually getting her prefab home delivered amid construction setbacks.
“People think that a prefab house will be a quicker option, but you have to do a lot of site preparations and then you have to wait for the house to be built and you have to wait for it to come,” she said.
When her home finally did arrive, two months were spent getting the septic dug and electrical installations done, before they could move in. “I think a lot of people around our age on the East Coast that have been priced out have had to use this option,” she said.
“They’re built well, and they are a better option (price-wise),” she said, but one must be prepared for the wait. Part of the solution to Canada’s housing crisis could be an increase in supply and according to Siemiatycki, “this is where prefab housing can have a big opportunity.”
Prefab homes can be constructed faster than regular houses, according to Adam Dumond, designer at Royal Homes in Ontario. “It’s like an orchestra,” he told Global News. “The home is built pretty much all at the same time. Framing, windows, and roofing — all of that can be done simultaneously in a manufactured prefab home.”
“It’s a cool alternative to stick framing. The crews are happy your home is indoors being built while the weather’s doing whatever it’s doing,” Dumond added. After the house is constructed, it is delivered in modules to the customers’ property to be assembled.
“A crane comes in and then we pick the home up and put it on the foundation one module at a time,” Dumond said. On average, Royal Homes sees about two and a half modules per house for something in the 1600-to-1800-square-foot range. Each square foot ranges roughly between $350 and $450, depending on where you live, said Drumond.
That means a 1,600-square-foot home could cost between $560,000 and $720,000 and an 18,00-square-foot home, somewhere between $630,000 and $810,000. “We have some homes that are a little bit less (in price) and some homes that are a little bit more. It just really depends on where you want to build,” he said.
In Ontario, the average price of a home sat at $829,934, as of Nov. 2022, according to the Canadian Real Estate Association. Though a prefab home may be cheaper than the average price of a home in the province, purchasing land for it to perch on is also a factor that needs to be considered.
“Every site is a little bit different,” said Dumond. It is necessary to be mindful of properties near water-shedding areas or rock formations, he cautioned. Siemiatycki agrees. “We need to be very careful that people are not buying in places that are prone to flooding or prone to wildfires. We need to be very careful that we’re not building in low-lying areas or areas that are right at the urban wildlife interface.”
In Ontario, nearly two-thirds of residents spend over 30 percent of their household budget on housing, according to a recent poll from the Ontario Real Estate Association (OREA).
Despite the rising cost of living putting pressure on Canadians, seven in 10 non-homeowners in Ontario identify as someone who “really wants to own a home,” the poll found.
And in Ontario, as well as B.C., high-interest rates are expected to continue to hold back homebuyers into the new year, according to a recent report from RBC. When it comes to architecture and design, prefab homes tend to be “repetitive,” according to Siemiatycki.
Putting personal touches on a home can also prove tricky. “There’s always a trade-off with prefabrication about how much customization you want to do before you lose the benefits — the economies of scale of building it in a factory,” said Siemiatycki.
For prefab homes to make their mark on Canada’s housing market, it is necessary to ramp up production, Siemiatycki said. “If a part of the supply is going to be provided by modular, either for single-family homes or multi-units, there’s liable to be a need for a huge amount of capacity in the market that isn’t even available right now,” he added.
Durability can also differ when it comes to prefab homes, according to Siemiatycki. “It does vary depending on how it’s built and what its lifespan is estimated to be,” he said. They need to have a history of being sustainable in places “vulnerable to environmental conditions.”
“We continue to need proper planning and making sure that where we’re building is safe to build and it’s not vulnerable because otherwise, you’ll just be creating real further challenges down the road for everyone involved — the municipalities, the first responders, and for the people that are ultimately living in these homes,” he said.
It’s wise to look for a reputable company, according to Siemiatycki. “This is thinking through (not just) who’s manufacturing, but also who’s assembling it,” he said.
Also thinking about whether the property can be rented out or resold down the road is something to be mindful of, Siemiatycki added. “There’s a lot of research that is involved in buying a home. For many Canadians, this will be the largest purchase they make in their life,” he said.
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elonmusktinyhouseboxabl · 3 years ago
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Boxablr Tiny House | Elon Musk Tiny House Boxabl | Elon Musk Texas Tiny House | Boxable Homes
Many of us have been straining ourselves into buying homes that are just too big for us. And it is for this reason that many people find homeownership difficult.
Boxable's first model home is the Casita. Despite the fact that it is fairly significant in terms of the tiny house movement! It is comparable to a converted double vehicle garage at 375 square feet and has been changed into a studio apartment replete with a full-size bathroom and kitchen amenities.
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The Casita comes fully furnished, with a full-size shaker-style kitchen with a huge refrigerator, dishwasher, oven, and microwave, a large window above the sink, and a modern breakfast bar for two. A bed and a couch are all that are required.
Behind a modern sliding glass, the barn door conceals a full-sized bathroom with a shower, tub, illuminated mirror, and an abundance of storage drawers. Heating and conditioning are supplied, as is dimmable LED lighting beneath the 8-foot windows and 9.6-foot ceiling.
Visit at https://www.boxabl-homes.com/boxable-homes/
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bhavishya-gautam · 2 years ago
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#Repost @bhavishya_gautam_01 —— 🚀🚀🚀 🤯• Elon Musk says he lives in a "very small" 3-bedroom 🏘️ house, which is worth $45,000 and located in Boca Chica, South Texas 🚖. Musk had previously tweeted 🐦 in November to say that he'd been living in a house in South Texas and that small homes felt more "homey." - 🤩• On a Friday episode of The Full Send podcast, Musk offered more details. He said that although he doesn't have a "main residence," he does stay in the 800-900-square-foot house. - 🥰• "My friends come and stay and they can't believe I'm saying this house," he said. The billionaire told podcast host, Kyle Forgeard, that the South Texas home was "technically a three-bedroom but it used to be a two-bedroom" until he converted the garage. - Musk said it was half a mile away from SpaceX's South Texas rocket factory, which he can walk to. - Musk said on the podcast that his home "actually costs less than a Boxabl," referring to the tiny prefab homes made by a Las Vegas company. - In his November tweet, Musk said that he'd be - Follow for daily Business and Market updates 🚀 - —— 💻💻💻 Follow: 👉 @bhavishya_gautam_01 👈 for More Blogging ✍️ and Money Making Tips 💸 💥 Follow for Learn 💻 Digital Marketing and Blogging ✍️ These websites probably take up the vast majority of traffic on the web across the world. - Tag someone who need to see this 🥇 - Why is it important? Because its important to work out where your audience resides digitally, and this should form part of your digital marketing personas. Understand where you audience hangs out and then you can work out how you can reach out to them. Turn on Post Notifications 🔔 to be the first to see our post 👌 Follow for more! 👉@bhavishya_gautam_01 👉@bhavishya_gautam_01 👉@bhavishya_gautam_01 Follow :👉@business_university Credit: DM us for credit (unknown) 💲💲💲💲💲💲💲💲💲💲💲💲💲 ✍️ • • • 💻 • • • ✍️ #moneytips #money #moneymaker #sidehustle #financialfreedom #finance #workathome #job #wealth #millionaire #workfromhome #passiveincome #makemoney #seo #search #google #googlesearch #searchengineoptimisation #elonmusk #texas #privateairport #digitalmarketing #onlinemarketing (at United States) https://www.instagram.com/p/Cg6ZffTKotk/?igshid=NGJjMDIxMWI=
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wumblr · 3 years ago
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i swear to god i try to keep my musk hateposting to a minimum but apparently he said he was “going minimalist” and “selling all of his possessions” when in practice what this actually means -- get this -- he’s renting a gentrified prefabricated tiny trailer home from his company (for profit) and he still owns “just” one house in the bay area, for events, because it was too large to sell, after he sold the other 3 for like $130m, during a pandemic, while he was fighting labor laws to classify his automaking employees as essential... this labor dispute was the reason he moved to texas in the first place, wasn’t it?
also i wanted to point out that when he was manipulating the price of bitcoin for personal profit using funds from his corporate ledger (also known as fraud), and he said he would reconsider it if mining was more environmentally friendly, what he really meant was -- get this -- “buy my carbon credits, the only profitable product i have”
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nickgerlich · 2 years ago
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Inside The Box
I remember when I bought my first house. It was November 1989, and we had been in Canyon Texas for only a few months. With a new job unfolding in front of me, we had decided that apartment life was no longer something we wanted to do. So after a lot of searching, we decided on a nice place that set us back—I mean, put us in debt to the tune of—about $145,000.
Oh, to be able to buy a 3000-square foot house and land for that amount today.
Thanks to the ups and downs, and mostly ups in the last few years, house prices are now out of reach for many. The median price of all houses sold this year is $428,700, while the mean price is $507,800. Since you all know the difference between a median and a mean, I’ll gloss over that part and skip to the more sobering reality: What’s a young family or person to do these days?
Enter Boxabl, the company that makes modular fold-out tiny homes. Once delivered to your site-prepped location, they can be “installed” in about an hour, providing 375 square feet of livable space, including kitchen, home appliances, living room, bedroom, and bathroom.
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Yeah, those rooms are all tiny, but at a starting price of $50,000 (plus the land and all site work), you too can have a house. They are completely scalable so that additional units can be joined or perched atop to create even larger living spaces.
Of course, if you already own your piece of the American Dream, and if zoning permits, these make great casitas. Elon Musk has discovered this, and has one at his Texas property. Guests, or more permanent residents like an aging parent, can make great use of these.
What’s uncertain is just how well these things hold up in stormy weather, is it air- and water-tight,  how hot or cold they are during weather extremes, and, more importantly, whether they retain any value at all. Manufactured housing tends to be on the low side of quality to begin with, even if it looks nice when new. Just like new cars depreciate, I suspect these will too. The land will be worth something, though.
But for a young adult wanting to buy their first house, and suddenly finding themselves unable to come even close on down payment, much less asking price, Boxabl may very well be a reasonable option. It doesn’t have to be permanent, and even if it has lost most of its value in 10 years, there’s the land, and the fact that you weren’t throwing your money down the rent hole.
Boxabls cost more and are larger than the typical tiny houses of which we have become accustomed in recent years. They don’t have wheels beneath them when delivered, and are designed to be more permanent (even though it is conceivable they could be moved). Furthermore, the price point is high enough to dissuade communities from using them as housing options for the indigent and extremely low income, so buyers would not have to worry about finding themselves in less desirable neighborhoods.
While some may argue we are sitting atop a housing bubble right now, waiting for a collapse similar to 2008, I will cast my doubts. The lending business is on much surer footing these days. Yes, prices may, and probably will, decline some, but nowhere near the kinds of bargains we all wish we had bought into back then. Given the latest round of appraisals where I live, I’d say the Tax Assessor is pretty confident in current prices too, because they sure never want to have to back down from a lofty amount.
While a Boxabl is not for me, even as a casita, I can see these being a nice alternative for those folks unable to drop half a million or even a fraction thereof on a house. Maybe one of my kids will find these useful when I reach really old age. They can just stick Dear Old Dad in the back yard.
Until then, hats off to the Boxabl people. They have been thinking outside—and inside—the box.
Dr “Home, Sweet Home“ Gerlich
Audio Blog
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gkdhaka · 2 years ago
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The Company That Built Elon Musk's Tiny Home Has Now Raised Over $74 Million From Retail Investors
The Company That Built Elon Musk’s Tiny Home Has Now Raised Over $74 Million From Retail Investors
Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk generated headlines last year when he announced in a tweet that he would sell almost all his physical possessions and will not own a house. Musk reportedly followed through with that plan and moved into a tiny house in Texas after disposing of all of his mansions. Recent rumors suggested that Musk’s primary residence was a prefab house manufactured by…
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jasperknothad · 2 years ago
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Elon Musk living in a prefab house that sells for just $50k – The Hill
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newserahub · 3 years ago
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Elon Musk sells six California mansions and moves into a tiny 37-square-meter house for $50,000.
Elon Musk sells six California mansions and moves into a tiny 37-square-meter house for $50,000.
Tesla and SpaceX CEO Elon Musk is one of the richest people in the world. You can afford to live anywhere and in any luxury residence you want. Moved to A small 37 square meter bungalow was built. A 37-square-meter manufactured home in Boca Chica, Texas, where SpaceX headquarters are located, sold for $50,000.   According to media reports, Musk promised to leave California and sell all tangible…
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breaking-news-portal · 3 years ago
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Elon Musk sells 6 Californian mansions, moves into tiny 37 sqmt house costing $50,000
Elon Musk sells 6 Californian mansions, moves into tiny 37 sqmt house costing $50,000
New Delhi: Tesla and SpaceX CEO Elon Musk, one of the world’s richest man, who could afford to live anywhere and in any sort of lavish home he wanted, has moved into a 37-square-meter tiny flat-pack house. The 37-square-meter prefab house in Boca Chica, Texas, where his SpaceX headquarters are located, is priced at $50,000. Also read: Take a tour of Elon Musk’s tiny flat-pack house, the pictures…
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9jabreed · 3 years ago
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Elon Musk Sold Most Of His Homes, So Where Does He Live Now? | Forbes
Elon Musk Sold Most Of His Homes, So Where Does He Live Now? | Forbes
If you’re looking for the world’s third richest person, you won’t find him living among the billionaires. After selling off most of his real estate assets and moving to Texas in the past year, Tesla cofounder and CEO Elon Musk revealed in early June that he now only owns one house (in the Bay Area)—and that his primary residence is a tiny box house that he says he rents from his rocket company,…
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nightmare-afton-cosplay · 3 years ago
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Elon Musk Is Living in a Prefab Tiny House Worth Only $50K on SpaceX Site
Christophe Gateau/picture alliance via Getty Images
Elon Musk may be one of the world’s richest people, but he’s not living large.
After selling much of his real estate portfolio in the past year and listing his final property earlier this month to focus on his mission to Mars, the Tesla and SpaceX CEO is taking the phrase “Live below your means” to another level.
Musk, who turned 50 in June, revealed in a tweet that he is now living in a humble $50,000 home that he rents from SpaceX on its launch site in Boca Chica, Texas.
“My primary home is literally a ~$50k house in Boca Chica / Starbase that I rent from SpaceX. It’s kinda awesome though,” he wrote earlier in June.
It’s rumored that the entrepreneur, who was named the richest person in the world this year, is living in a 375-square-foot modular home worth exactly $50,000 from Boxabl, according to Musk fan blog Teslarati and the Houston Chronicle.
Musk did not immediately respond to a request for comment. The company’s co-founder, Galiano Tiramani, could not confirm to The Post whether Musk was living in a Boxabl home, but gave The Post a peek inside a typical Boxabl residence.
The pioneering Las Vegas-based company, co-founded by Galiano and his father, Paolo Tiramani, in 2017, manufactures compact homes that can be shipped anywhere.
“[Paolo] had built a modular home back in Connecticut, dealt with all the oversize shipping issues, and came up with the folding solution,” Galiano told The Post. “After that, we kept working on it and things got better and better. As we started experimenting with new manufacturing methods and building materials, it became clear that the product had huge potential.”
The first model of the construction technology startup is called “Casita,” but they’ve already created other designs to fit different families and meet individual needs.
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Watch: Just How Many Homes Could Jeff Bezos Afford in the Amazon HQ2 Candidate Cities?
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“The system doesn’t end at the ‘Casita,’ ” Galiano said. “We have plans for different room modules that stack and connect to build any building on the planet.”
In fact, the tiny house company has even bigger plans.
“The goal of the company is to mass-produce housing on a scale and at a cost that’s never been done before,” Galiano added. “We want to make housing dramatically more affordable for the world.”
When asked what he thought of Musk living in his creation, Galiano told The Post he was unable to comment on the matter.
But a Boxable does appear to have residences on the Starbase site in Texas.
Musk began unloading his real estate portfolio last summer after revealing he would give up all tangible assets to focus on his mission to Mars.
“I am selling almost all physical possessions. Will own no house,” he tweeted in May 2020.
The post Elon Musk Is Living in a Prefab Tiny House Worth Only $50K on SpaceX Site appeared first on Real Estate News & Insights | realtor.com®.
from https://www.realtor.com/news/celebrity-real-estate/elon-musk-is-living-in-a-prefab-tiny-house-worth-only-50k-on-spacex-site/
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jeetjagani · 3 years ago
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Elon Musk Now Lives in a $50,000 Prefab Tiny House in Texas via /r/Futurology https://ift.tt/3hvSlZb
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neero73 · 3 years ago
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#repost • @therealdeal Elon Musk made good on his promise to “own no house” by selling off nearly all of his high-priced properties last year.⁠ ⁠ Now, the world’s second richest man said his primary home is a 375-square-foot prefab in Boca Chica, Texas.⁠ Musk's accessory dwelling unit is from the company @Boxabl, which boasts that its Casita units can be set up in just one day.⁠ ⁠ Would you ever live in a prefab tiny home? Comment below, and follow the #linkinbio to learn more.⁠ ⁠ #CelebHomes #TheRealDeal #RealEstateNews #CelebrityRealEstate #ElonMusk #Prefab #TinyHomes #TinyHouses https://www.instagram.com/p/CRBVzvIl2H7/?utm_medium=tumblr
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dailyplugs · 3 years ago
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Elon Musk's primary home is a $50,000 prefabricated home manufactured by housing startup Boxabl. Boxabl specializes in easy-to-construct housing modules. Musk's home is roughly 400-square-foot and located near SpaceX's launch facility in Texas. He rents the house from SpaceX. Musk also owns a house in the Bay Area. A short video showing a Boxabl prefab house being set up is available in the article.
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lesbiancosimaniehaus · 3 years ago
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Elon Musk apparently moved to a tiny house in Texas…. While his children are in California I’m guessing. Men will really do the most to not be active parents AND they get praise for it. Insane.
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