Is the "American Dream" 997 Square Feet?
I had the pleasure today of getting a haircut (at Supercuts!) and of taking a close look at a house for sale at 267 Colusa Avenue in Kensington, CA. Here is the zillow report on this house. I think this 997 square foot house will sell for about $475,000. The backyard was terrific and that's the key attribute I look for in a house. Any house can have a toliet or a fridge or a couple of bedrooms but for me the backyard is the key. Now, I agree that a home that is 997 square feet (with 2 bedrooms and 1 bathroom) is tiny but as the U.S enters a period of prolonged austerity --- I believe that it is important for economists to set an example in downsizing. For those of you who have visited our 1,700 square foot home, you will see a pattern that we are scaling down our consumption so that over time we are likely to live in a 200 square foot house. This house is 3 blocks from my in-laws and 2.5 miles from UC Berkeley. If we buy this home, we will be willing to rent it to you for $8,000 a month and we will fill the bookshelves with signed copies of our books. We need to earn a rate of return on our investment.