In a surprising move, a prominent home-construction company called Lennar has stirred up discussions online with its latest project. Located in San Antonio, Texas, Lennar has developed a community of tiny houses, each measuring 350 square feet. These compact homes come with one bedroom and one bathroom, starting at a price of $130,000.
Lennar proudly describes its two-story tiny home layout on its website, emphasizing its smart design that provides all the necessities for comfortable living. The main floor features an open concept kitchen seamlessly blending into the living area. Towards the back of the home lies the owner’s suite, complete with two closets and a private bathroom. On the upper level, there is a versatile open space that can be used for storage.
However, online critics have raised doubts about the value and affordability of these tiny homes. Wall Street Silver, an account on X (formerly known as Twitter), shared a video showcasing the new neighborhood in San Antonio, highlighting the $100,000 price tag and the absence of garages for these micro abodes. This sparked a debate about the shrinking options for Americans seeking affordable housing with limited space. On average, a tiny home spans 350 square feet and costs around $133,000.
Some commenters expressed concerns over the small living space and perceived lack of value for the price. They argued that the purpose of tiny homes is to provide a more affordable housing option, with price limits around $30,000 to $50,000. Others compared the homes to jail cells, criticizing the trend of maximizing profits by minimizing land usage.
It’s worth noting that Lennar does offer other home layouts within the community. For instance, there is a one-bedroom, two-bathroom unit spanning 660 square feet, priced at $163,000. The Washington Post has reached out to Lennar for their response or clarification on these concerns.
As a publicly traded company, Lennar has established its presence in 25 states, including Texas, North Carolina, New Jersey, and Illinois. With total assets amounting to $33.2 billion, Lennar has been operating since 1954 and has even been associated with the now-defunct investment bank Lehman Brothers during the 2008 financial crisis. Back in July 1993, Lennar joined forces with Lehman Brothers and Westinghouse Electric Corporation to acquire a $2 billion loan portfolio at a discounted price of $1.1 billion.
Denial of responsibility! VigourTimes is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
