Living space, unless one belongs to that tiny percentage called the upper class, is shrinking as the human population continues to grow. While the rural poor leave open sky and rolling plains to flock to the edge of the metropolis--they crowd into ramshackle slums in the third world, or one-room units in the first--the middle class is clinging to its precious status by contending with far smaller living spaces than those of previous generations.
A Few Very Helpful Examples are Pictured Below:
This one bedroom house was listed for sale for $ 515,000 in Los Angeles. It did not sell but may reappear on the market later this year:
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Geez. That shack would go for around $30,000 where I live, if that much. I think my garage is bigger than that, and my entire home cost less than half of what that one was selling for and I even have 5 acres of land lol.
In what part of LA are those homes for sale? I'm surprised the 3 bedroom wasn't snatched up by a buyer.