A tiny apartment for most people sounds good - you can own a home without being locked into lifetime mortgage payments.
People want to own their place free and clear and enjoy it.
Try one of these.
Yes, the American dream is to own a 4,000 sq. ft. palace with spacious bedrooms, cathedral ceilings, three-car garages and acres of lush lawn surrounding it. I've been there and done that and have a million dollars in mortgage payments behind me to show for it.
But for the very young just starting out or for the aging empty-nesters, this is not a bad way to go.
When I moved to my current CT home from Massachusetts, I downsized considerably and it's much nicer to have a home that is more easily maintained. Before coming down here, I got rid of most of my furniture, digitalized most of my music and books and have a wall mounted flatscreen TV. Nothing but laptops and tablets for computers and everything wireless, even the stereo system. It's a nice, clean uncluttered and modern space.
Downsizing living space is not for everybody but it's a trend that works for me. When I moved out of my last home, there were rooms I hadn't even stepped into for years. I just didn't need all that space.