- Sung Yoo, a 40-year-old millennial, chooses to live in a 13-square-meter space in Santa Monica.
- The minimalist lifestyle and preference for small spaces are gaining popularity among millennials, who are looking to simplify their lives and reduce their ecological footprint.
- This approach also drives the design industry and the creation of innovative solutions to maximize space in small homes.
A 40-year-old American millennial is making headlines for choosing to live in a space as small as a parking lot instead of a conventional house.
Sung Yoo, an entrepreneur who owns a brand of children’s products, decided to leave her apartment in New York behind and settle in a small house of only 13 square meters in Santa Monica, California.
Despite the diminutive size, the home offers Yoo a simple and minimalist life, as well as significant financial savings.
Chain CNBC With Yoo’s story, he intends to show how the trend of millennials to choose to live in smaller and more minimalist spaces advances, a phenomenon that is not isolated.
In fact, more and more people, especially millennials, are choosing to reduce their carbon footprint and lead simpler, experience-focused lives.
Living in small places not only means less consumption of resources, but also promotes organization, efficiency and material detachment.
Millennials, minimalism and the opportunities for brands
This new minimalist way of life presents exciting opportunities for brands and businesses.
Furniture and decoration companies are adapting their products to meet the needs of millennials who seek to maximize space and functionality in their homes.
Smart and versatile design has become a key factor in choosing furniture and accessories for small spaces.
Besides, the small housing market has experienced a more than important boom, with specialized companies that offer innovative solutions to optimize space and create comfortable homes in limited areas.
According to a survey conducted by the real estate company redfinapproximately 63 percent of millennials would prefer to live in a small house or studio apartment rather than a traditional home.
This generation values flexibility, mobility, and financial freedom over the accumulation of material goods.
Small space living allows them to enjoy a more practical and experiential lifestyle, without the burden of mortgages or exorbitant rents.
Trends
Sung Yoo’s story is a clear example of how this trend is materializing in real life.
Although her home in Santa Monica is smaller than the average parking lot, Yoo has made the most of every square inch. La hogar de ella, designed by architects specialized in small houses, has intelligent solutions to maximize space and create a functional and welcoming environment.
Living in a cramped space isn’t for everyone, but for those who embrace this lifestyle, it offers vast benefits.
In addition to financial savings, like Yoo’s case, living in small spaces encourages simplification, detachment and connection with the essentials.
By focusing on meaningful experiences and relationships rather than material possessions, millennials are redefining success and happiness.
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