A small house can make a huge difference in your financial security.
A new study finds a small house in America can help you save thousands of dollars a year and help you avoid the crushing mortgage payments that come with larger homes.
“There are many reasons for the popularity of small houses, and I think it’s not just because they’re more expensive, it’s also because the cost of living has been decreasing for so long,” said Lauren A. Stoll, senior director of research at the American Institute of Architects, a nonprofit group that studies architecture and design.
The study, which was conducted by the nonprofit group American Institute for Architects, found that households in all income levels have been paying less for housing since the recession, and there’s also a greater availability of affordable, high-quality rental housing.
A home in your lifetime is usually worth $250,000, but it can vary significantly depending on the size of your household.
If you have an income of $60,000 or less, it can cost you $350,000.
If your income is more than $100,000 a year, it could cost you between $1.2 million and $1 million.
And if your income rises to $150,000 to $250