Prepping and Smaller Homes

As many of the Baby Boomers, are beginning to experience down sizing and empty nests, homes are shrinking.  But, banks are not co-operating.  A bank or builder will not even consider writing a mortgage for a small home.  One reason is that the homes tend to be highly personalized.  Second, the higher the mortgage, the more money the bank makes on the deal.  Many people have caught on to the cycle of banks recycling mortgages, racking up interest, and costs.  There is a movement toward smaller homes, not only for the economic situation.  Smaller homes are more efficient to operate.  And make less of a carbon foot print.  The Baby Boomers are making 'Greener' more environmentally friendly decisions as to their housing choices.  And younger people are following this example.  Rather than 'bigger is better', the ideal of 'Quality rather then Quantity' is spreading.