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Welcome back we have now stepped outside of the plaza here outside on sixth avenue to tell you a story about sort of I guess you could call it.
The post housing bubble burst and time that mansion craze.
You know we got new home sales that surprise to the downside once -- the housing market has just been dismal.
But one man is capitalizing on that so many people underwater and foreclose upon their homes his name is Jay -- He is the founder.
Of the Tumbleweed.
It's tiny home company this is unbelievable.
Let me just show our viewers what a tiny home looks like and we brought people here so that we could have the steps on it but.
This is it tell us about the tiny home and what it involves because it -- -- -- Art yeah thanks for having me was I that's what actually not the smallest house side designed and built but it is it is closed.
And it's one that we're sending out there to the East Coast.
It's actually designed to be a full time residents got a bathroom and kitchen.
Bedroom and -- what I like to call a great room.
And the and -- -- -- about this -- that the street at this point the great -- -- -- the great -- a minute but let's stay outside for a moment how many square feet is this one today.
I believe that one's about a 170.
If I'm not mistaken.
Okay 170 square feet who's buying these and how many have you sold.
People love by them for different reasons some people just need a little extension to their existing home.
And other folks like myself live in these things full time.
In order to have more -- liberated lifestyles not having to pay.
Rent or mortgage is is really nice sometimes all right let's get to the price now they start what -- -- -- 50000 or they started 50000.
-- started around 50000 and they go up from -- we've we've designed and built houses of about some.
Just seventy square feet up to about 700 or 800 square feet.
Okay we just thought so folks can get a little perspective here the average Hong Kong apartment which is notorious for being very very tiny.
Is about 350.
Square feet or to what to about 600 square feet so let's go inside this tiny home and I'm going to step up here.
-- -- him for a second a regular walking inside highs at the tiny home OK so Yao Ming is not going to be walking in here because.
The ceilings are yucky come up to the ceiling here I'm assuming.
-- a I guess it depends and whereas sitting but yeah okay so what you say depends on where it's sitting it's important to note too that most people put these on trailers and then you could drive them around and -- park somewhere in people's backyards.
Yeah we would put the smallest ones on trailers largely because people do like that.
Flexibility and because that way we don't have to meet minimum size standards for house it's it becomes -- -- travel trailer at that point.
Which basic indeed.
Small OK I want to show if we're inside your let me just show the bedroom this is the best German there is -- -- you can just -- in there and I want to show the shelving there.
Boy you better downsize a lot because I don't see room for my you know 5050.
Huge flat screen here's a closet.
Again you better be throwing out a lot of close not a lot of work of space and -- you could have one of these but it's really small 89 square feet.
With your wife and your kids serious.
Well actually I have lived in one of these until two years ago when I got married and we bought a relatively palatial.
500 square foot house and now we have that house and my tiny house still sits next door that's been caught my house and any other house is some is the bunk house.
I want to show people the kitchen because they're wondering what about the kitchen there's a little stove here.
OK so court on blood may be can pull it off here's the saint and then there is yes were all -- people wondering there is a bathroom.
-- If it yeah good fit in the study are you comfortable -- I'm comfortable although I think to Geneva convention may cover this thing Tim Cook got that.
That there's this yards -- -- to let you know let's just finish carrier comes in about.
I -- to child in the last our.
-- -- -- Classic sort of profile of one of -- buyers.
Well it's it's very very down all ages we've -- Eight year olds asking a lot of questions on our on our website but we also had eighty year old and beyond that.
Primarily people who are interested in living a greener lifestyle just -- Not wanting to spew a lot of extra greenhouse gases or consume a lot of that's okay ends I don't have to store opens.
Not that all you have to us.
And and right outside here we got the FedEx guys hike could think it but it.
Pull this out on the war -- history.
I love this but tell me get one more time how many of these are you selling and as I understand it you also sell the blueprints of people want to do it themselves.
We're really focused on the manufacturing up till now so we've -- sold.
A little more than a dozen houses we sold about 50000.
Sets of plans.
Because a lot of folks want to build them themselves and saying that extra money and how much of the plan's cost.
Anywhere from free on occasion to about 900 dollars.
Okay three okay okay up to 900 dollars all right well it's a fascinating concept.
Building off what has been a burst housing bubble once again the tiny house Jay Shafer.
Is the head of Tumbleweed tiny house company and of course there's a big write up in New Yorker Magazine you're getting a lot of traction here.
And again Charles Payne says he's ready to have a big blow -- -- party in one of these things so I say go for it.
-- thank you so much it's good to see you.
Jay Shafer what do you think you guys would be -- one of these -- that you better downsized and no room for -- of the flat screen TV I don't think so but.
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