Tata Group Announces The $720 House

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Tata Group, the company in India that brought us the cheapest car, is now building the cheapest house. Could this be the answer to the housing crisis in America? I know, most of you are thinking "no way, it won't work in America".

But have an open mind. Let's examine the house. The house is prefab. It takes one week to put together. (it has taken me 2 weeks to paint a bedroom and living room). The square footage is 215. It has one bedroom, a living room, a kitchen, a bathroom and a closet. Not much by North America standards.

But what if we modify the plans. We got five of them and join them together. Now we have a 1,075 square foot house, with five bedroom at a cost of $3,600. We won't need five kitchens so we could use some American creativity, make a big kitchen, and maybe three large bedrooms and two bathrooms. Now the plan is taking shape.

Let's be honest, these houses are not for the big city. We would have to put them in some rural areas and we would have to install some insulation. We won't want people freezing to death in the winter, or boiling in the summer. In we spend another $1,000 in upgrades we will still come in under $5,000. What a deal!

The point of all this is that we will not need a mortgage. Imagine have a house fully paid for. The American dream.

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