One new Los Angeles-based investor-backed startup is claiming it will get Americans into homes without requiring a mortgage.
Fleq will launch next month in Pittsburgh, and instead of originating mortgages, its plan is to simply buy the home a purchaser wants and sell it back to them, bit by bit, in shares. The buyer can choose the length of time that they want to pay for the home.
“We didn’t think that [mortgages] were the appropriate and fair approach to homeownership, and we didn’t think it resonated with Millennials and Gen Zers, who saw their parents wiped out by the financial crisis,” said founder and CEO Todd Sherer, whose background is in real estate finance.
The project, which was created in partnership with Icon and Échale, is located in Tabasco, southeastern Mexico
We’ve followed New Story’s efforts to create affordable 3D-printed homes for a while, including its first prototype model and ambitious plan to build a community in Latin America. That plan has now been put into action and the non-profit has revealed what it calls the world’s first 3D-printed community, which is currently under construction in rural Mexico.
The project, which was created in partnership with Icon and Échale, is located in Tabasco, southeastern Mexico. The team aims to produce 50 homes for families in the area who are living in extreme poverty, often in dangerous and rickety makeshift shelters. So far, two homes have been completed and the families chosen will receive them at a zero interest, zero profit mortgage costing around 400 Mexican Pesos (about US$20 per month), which will run for seven years.
The VMD tiny home is an eco-conscious dwelling that is built using shipping-containers
Mexican architectural studios Studioroca and Taller Escape have recently joined forces to create a prefabricated housing model that is move-in ready in just 99 days from ordering. Dubbed VMD, the 30-sq-m (323-sq-ft) tiny home is an eco-conscious dwelling that is built using shipping-containers and offers a complete off-the-grid living package.
The inspiration for the simple and cost-effective design of the dwelling came from the architects’ desire to create a home that could re-connect city-dwellers with the beautiful natural Mexican landscape, while also incorporating a strong focus on sustainability and reducing the ecological footprint of the home. The VMD home is thus designed as a low-fuss abode or weekend getaway that can be installed in just seven days, while leaving very little impact on the site.
“VMD is an invitation to find a balance between daily life and weekend escapes, coming into contact with nature; Mexico is a country famous for its biodiversity and its unparalleled landscapes, in our quest to increase the experience of living it VMD becomes the synthesis of freedom where retirement is only a short trip away,” says the Taller Escape studio.
Baby Boomer home sales will flood the housing market: Report
Baby Boomers’ homes will be sold on a large scale over the next 20 years, but with millennials refraining from home ownership, who will be buying them?
The U.S. housing market is on the verge of being inundated with homes for sale on a scale that hasn’t been seen since the housing bubble in the mid-2000s.
The tsunami is being driven by a grim reality: Baby Boomers dying.
For many people, when we were starting out in our careers, earning a six-figure salary was the ultimate goal. If you made $100,000 or more, you were considered relatively successful. The compensation would afford you the opportunity to fulfill the American dream—owning a home with a white picket fence in a lovely neighborhood with good schools for when you have children. Fast-forward to today and that has all changed.
According to the Wall Street Journal, there is a growing trend of $100k-earning professionals electing to rent instead of purchasing homes. Almost 20% of households earning $100k or more are bucking historical norms and renting apartments. A $100k income is still considered a comfortable living, dependent upon the city. To put things into perspective, the median U.S. household income, according to the Census Bureau, was $63,179 in 2018.
Here’s why this trend is an issue. The reasons for renting—compared to buying a home—are complex. Due to exceedingly high student-loan debt, burdensome personal expenses (such as insurance and health care costs), leased cars, credit card debt, smartphones, utility bills and other expenses have made it difficult for potential buyers to save enough for the down payment on a home.
Icon will 3D-print six more tiny homes at a property in Austin housing the city’s homeless population. Katie Canales/Business Insider
Icon is an Austin startup that designs 3D-printing technology capable of building tiny homes in about a day for a fraction of the cost of traditional construction methods.
Icon cofounder Evan Loomis told Business Insider that pinpointing an exact cost estimate is tricky, but the company successfully printed a 350-square-foot proof-of-concept home for $10,000 in 24 hours in 2018.
The company isn’t the first to design 3D printing technology for home building, but its unique customization and on-site construction could be revolutionary feats amid a growing demand in the US for affordable housing.
Icon’s latest 3D printer, the Vulcan ll, is available for purchase and is already being put to use.
Rent the Backyard will get a tiny house into your backyard in a matter of weeks—and hopes it can add some cheaper apartments in cities to help alleviate the housing crisis.
In cities with housing shortages, little room to build, and opposition to new construction, building small cottages in backyards can be one way to add new apartments quickly. One new startup wants to help it happen even faster: The company handles the cost and construction process for homeowners in exchange for a cut of the rent when a tenant moves in.
“Right now, to build an accessory dwelling unit is a huge process,” says Spencer Burleigh, cofounder of Rent the Backyard, a Bay Area-based startup in the current cohort at the tech accelerator Y Combinator. “You have to talk with the city and deal with the permits. And even if you can find a great builder that is able to do a lot of those steps for you, you’re still fronting a whole lot of money.”
Geoship is touting the bioceramic geodesic dome as the home of the future—and getting help on the rollout from Zappos, which wants to build some near its headquarters to give to the homeless.
In a world where wildfires and hurricanes are becoming more frequent, design for new housing would be smart to anticipate the climate disasters that are coming. So these new buildings aren’t made from wood or any other conventional building materials. Instead, they’re made from bioceramic—which can withstand disasters, and perhaps dramatically lower construction costs.
It’s the design of a startup called Geoship, which is using the material to build new dwellings in the form of a geodesic dome and has plans to produce both backyard cottages and full communities. It’s caught the attention of Zappos and is working with the company to build a small “village” of the domes in Las Vegas near the online shoe retailer headquarters. The plan is to offer them as free housing for some of the many people who are experiencing homelessness in the city.
In northwest Saudi Arabia, where most people see a barren wasteland, Saudi crown prince Mohammed bin Salman has envisioned the future, and according to the Wall Street Journal, it is something straight out of an Elon Musk wet dream, complete with flying taxis, robot maids, robot dinosaurs, robot martial arts, endless booze and glow-in-the-dark sand, among other things.
Perhaps MbS has been following Elon Musk’s Twitter account a little too closely. Or perhaps he has joined him in a microdosing regimen. Regardless, MbS has hatched a $500 billion plan to cover 10,000 square miles of this desert to attract the “world’s greatest minds and best talents” to the world’s best paying jobs in the world’s most livable city.
S-Squared 3D Printer’s Autonomous Robotic Construction System, (ARCS)
ARCS is a patent pending technology that allows multiple machines to work together to create a home with little or no human assistance. Delays in building projects are a thing of the past now that building a 3D printed home is possible in hours — not days or months. The 3D building process ushers in a new level of affordability for homeowners and businesses like never before. In addition, this new technology can reduce construction costs by as much as 70%.
By identifying patterns in successful rehousing, a research team in L.A. is working to make the housing system more efficient
In Hollywood, nestled between a strip mall and a recording studio where bands like the Rolling Stones have recorded, the residents of a small homeless encampment greet passers by with a friendly “Hi, hello, how are you doing?”
Some people respond in kind; others seem nervous and terse. But according to one of the most outgoing people here, Cedric — who didn’t want to give his last name — they simply hope that if their neighbors see them as friendly and nonthreatening, they won’t call the cops and have their tents removed. L.A. police and the Bureau of Sanitation have become increasingly strict about the “cleanup” of homeless encampments, even though most residents here have nowhere to move to.
Los Angeles has the second largest homeless population in the U.S. after New York, with an estimated 52,765 homeless individuals in 2018. The numbers are compiled by the Los Angeles Homeless Services Authority (LAHSA), a city agency that helps get people off the streets — and LAHSA says the number of people experiencing homelessness for the first time is increasing.
In an initiative started in January 2018, LAHSA is now sharing data from the Homeless Management Information System (HMIS) with researchers at the Center for Artificial Intelligence in Society (CAIS) at the University of Southern California. The researchers are using the data to build a system that can identify behaviors and outcomes, and allocate the type of housing with the greatest statistical chance of long-term success, while also reducing racial discrimination in the system. The project — Housing Allocation for Homeless Persons: Fairness, Transparency, and Efficiency in Algorithmic Design — brings together researchers from both the engineering and social work schools.
The MOST window film keeps rooms from heating up during the day, but warms them at night(Credit: Yen Strandqvist/Chalmers University of Technology )
A couple of years ago we heard about the MOlecular Solar Thermal (MOST) system, in which solar energy is stored in a liquid medium, then later released as heat. Now, the technology has been applied to a clear film that could be applied to the inside of windows in energy-efficient buildings.
Developed at Sweden’s Chalmers University, the MOST film incorporates a norbornadiene–quadricyclane molecule. This causes the transparent polymer film to take on an orangey-yellow color when not being directly exposed to sunlight.
Once the sun rises in the morning and its rays strike the material, however, much of the sunlight’s solar energy is absorbed by the molecule. More specifically, the molecule captures some of the incoming photons, causing it to isomerize – this means that it temporarily becomes another type of molecule, with exactly the same atoms but in a different arrangement.
