Modal is a backyard home to rent-out or dwell-in anywhere
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- Опубликовано: 31 июл 2021
- Can backyard homes provide income & housing?
A year after Salt Lake City allowed owners to put tiny homes in their backyards, Colin Jube and Dallin Jolley launched Modal Living, creating prefabricated housing that allows homeowners to erect small shelters within months.
Modal charges over $100K per unit, but they say owners are renting them for two to three thousand dollars per month.
They're also being used as in-law units and for kids home from college. Jolley says prefab housing has come a long way since the park model mobile home trend of the '50s and '60s.
livemodal.com/
More info on ADUs (Accessory Dwelling Units: en.wikipedia.org/wiki/Seconda...)
On *faircompanies: faircompanies.com/videos/moda... 
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Call me crazy, but I consider affordable to be under 50k.
Same
Unless we can DIY, I think we're at RV-or crazy. Sorry, fellow wackos.
200k for 440 sqft. 😄 what's the point of these? What market niche does this fill? Maybe in cities with outrageous housing prices.
Also same
Yes.
You know these people act like this is affordable housing and then say folks rent them for 2-3 K per month. I am a builder, and worked for a modular housing company and I can say all of them including campers are just to much money. If they were really trying to help folks 10 K for 400 sq ft That is what factory production should be able to do delivered. 25 bucks a sq ft. and still make a profit. Extruded foam or extruded cement foam with a water proof coating. Make a shed one for 3K
>Extruded foam or extruded cement foam with a water proof coating
They've done a lot of that in China, do you know why not the US?
Agreed. But there are materials, labor, overhead, marketing, sales commissions, with delivery and set up. Then there has to be a fair profit.
@@stevenwoods589 It comes down to what is your ultimate goal, here it seems like enough style to get the big bucks you want, not housing that is really affordable to a young person so they don't have to pay for 30 years. The way is was until the last 100 years is you went out and made it out of nature 6 months a year you had a home. Not 30 years trying to pay for it. If I put my mind to it I am sure I could do it with in the specs I said. I am sure others have, but what is sold? Home that leach poisons into the air you breath. Prefabs stink bad and it makes many sick. This product does not make anyone a humanitarian.
@@stevenwoods589 $10k includes labor and materials. You think setup is over $100k?
yup at those prices might as well buy a mobile home more room and cheaper and have money left for some land haha
At 120,000 this just seems ridiculous to me. Not that I wouldn't spend that amount of money, just that at that price I would start to feel that not being in a tiny house was a requirement.
He talked about cost cutting measures in the manufacturing and transport, but then obviously they don't pass that savings on to the consumer
Also, it's ugly and utterly soulless. If I were spending that much money I wouldn't want something that looked like it was made with a cookie cutter, plywood scraps and a shipping container.
It would not be worth $120K to me.
@@jonnies6655 I'm not sure I would spend 50k on this, as a renter I sure wouldn't spend 2k per month for an eyesore of a crate.
@@rtyria I guess it depends on where you live and the housing market costs. Where I live in north Florida you would never get two or three thousand a month for rent for this unit. I would buy it for 50K because I could get $800 to $1000 a month for it here. The site prep is minimal and it would be great for a college town or maybe for a single retiree.
"Customers are often renting these for $2,000 maybe $3,000 per month..."
That's horribly overpriced rent for these.
@Justin K I thought that was so strange. $3,000 a month is a lot to throw at a landlord to help them pay off their mortgage/loans. No thanks.
Maybe in some uptown beverly hills garden
They live themselves in much much bigger house. But every where around dropping propaganda on people to live in doghouses. It's a "new world" agenda from billionaires.
@@yugeenlighroff430 That is kind of what I feel like the "tiny house movement" is. On one hand I think it is fine to downsize and not live in a giant house. On the other hand I think it is sort of throwing your hands up and being like "Welp this is the status quo now. Guess we'll make the best of it. Here is a closet you can live in."
@@kmaguire7161 I think, to downsize is good when it is reasonable from at least 5 points. But if you don't have those reasons why then?
ADU behind a mini mansion.
It's really just a crash pad.
It's an expensive box.. 🤔
As the fact that he said 70% of their customers are investors should tell you all you need to know. No people who who want to live in these buy these
If you have land, it's probably because you already have a house on it.
I’m trying to understand how $2-$3K a month is affordable.
if renting one should only be spending 1/3 income on housing, if you're spending 2-3k/month on this crap then you're on 100k (around 20k/year over the median US income!). this is not value for many at all and would put it in the highest rent categories in the entire USA (san fran, LA, NYC)
@@Kanel__Bulle Spot on.
Those are big-city prices. Being able to drop it in with a crane in one operation may be the only practical way to do it, and this company might be one of very few specializing in this kind of product. You can buy a much bigger modular home for the same price, but you wouldn't be able to just drop it in with a crane from the street.
It's hard to imagine the kind of person who'd have $100,000 plus pouring the slab and hooking up services. It'd have to be pretty urgent.
But if you could get $2,000 or more per month in rent, in a high-rent city, it would generate a positive cash flow.
Interesting idea. "Prefabricated housing" starting at $194,000 for Modal 00 up tp $249,000 for Modal 02. No wonder they're charging $2,000-$3,000/month for rent. Yikes.
Insanity!
I'm sorry but that should not even be considered as affordable living...what a joke & it isn't even good quality construction on the interior!! Sad....Highway robbery!
I agre, but value is a personal choice and some fool is willing to pay that high a cost. if not, the co. goes out of business. This video seemed like almost like an ad, though
there's GOt to be cheaper , more efficient ways to drop an prefab ADU in a yard.
Maybe a giant flock of cranes instead of the one supercrane! It'd be more fun to watch, too... 🤭😇😎 (Sorry-sorta.)
There are also more expensive and complicated ways of doing it. Lol
There are ones that arrive much smaller and then are "unfolded" into shape. Probably much easier to transport and install
Start you own company and prove it?
@@MrIansmitchell See Boxabl, stating $50K w/appliances.
Rich people playground, or a vessel for them to get richer by charging exorbitant rents to actual working people.
The type of tenant for this is a techie or airbnb guest I would think?? Unaffordable and maybe unsuitable for actual working people??
@Justin K Always and forever
It probably wouldn't bug me so much if the ADU wasn't such a complete eyesore. Its blatantly not worth the price. I know people who get rich off of the stupidity of other rich people.
@@JohnnyCashavetes Wrong
@@JohnnyCashavetes There are big changes coming, not the ones that are hoping for.
Website says 1 bd model starting at $219k (not sure discrepancy in video where he said 119k) . After site prep, crane, foundation, permits, utilities, etc, could see it being 300k. Seems pretty pricey
That's insane. 💀💨
LOL. You can get full 2000 sqft houses for $200k where I live.
yup this is pretty much just a guest house for rich people or for them to keep up with instagram since ADUs are the trend thats in right now haha
Yeah, probably closer to $300K once installed.
Doesn't seem that well thought out from a design perspective. Feels like a container with trim upgrades. 'Modular' has just become a byword for unimaginative, streamlined manufacturing for maximal profit. Anyone can extrude a rectangle and punch windows.
bru
Yeah the washer/dryer setup made it obvious to me.
@@justinemcq4503 You'd have to be a yard gnome to load and unload the bottom appliance on the stack washer dryer.
@@vecomadden8267 I've got side-by-side front-loaders. It's no hardship. I even considered stacking them, just for more space in the laundry area, in a much bigger house.
the hallway needed to be on that outer wall with the sliding glass windows.
45 to 50k is a more realistic range for mass affordable to ‘build or buy a modular’
As a builder I could barely build it for 40k in materials.
Check the median home price in 2010. Now check it for 2020.
The Modal spokesperson quoted $120k for a studio, I believe. The website lists studios at $194k up to $249k for the 2 BR He also saw fit, imo, to ding and minimize the value & quality of mobile/manufactured homes.
Builders with superior design & construction don't need to badmouth other products.
They know that their product is effectively an overpriced shipping container with a little bit more lipstick on the pig …. Still a pig though
OK, all I see is a shipping container with a very plane kitchenette, not worth the price IMHO.
Doesn't this defeat the purpose of living in a much smaller place on a lot less money? If that was your goal to begin with of course, which usually seems to be the case.
The goal is to cash in on the housing crisis, turning the yard no one else can afford into expensive tiny housing.
Very tired of these tech types escalating the cost of modular housing. Infuriating.
How is increasing the supply of houses in a city a negative? If this company is able to sell these houses then all other building options were likely MORE expensive.
Not how economics work. When a new alternative is introduced, prices tend to decrease.
@@beilkster you must not have money worries.
@@KathleenMcCormickLCSWMPH- We all have money worries (most of us anyway). But the company building these isn't in business to fold and declare bankruptcy. And they're not in it for philanthropy. They're in it to make a profit. They have a certain target market/ demographic, and that's who they sell to. The question is: Will they get enough business to stay in business in the long term, and could they be making more profit, doing something else (filling a different market/ or diversifying their product line)?
I love your RUclips channel, but this guy feels sleazy.
Felt the same way. Big Lyle Lanley energy.
120000 affordable home? Are you faking kidding me
Yes. Website says the studio run $194k US.
I guess you can use "affordable" in the same sentence with 100k PLUS homes when you're the one making a killing selling them.
Outrageous!!
4 models, 3 of which are over $200k. You can get a 4BR near me for less than that and at least a half acre of land.
Is there any jobs where you live ?
I wonder if Utah bumps the prop tax when adding an ADU? In Ca, its better to go with a tiny home "registered via DMV", no prop tax hit.
You mean if it's on wheels?
@@jonothandoeser I don't think it matters once in the space, most tiny homes are jacked up for stability "not on wheels"
@@richhudnut5110 Many are built on trailers too. That's why I thought the DMV registration.
I don't think you can register a house with the DMV (unless it's classified as a vehicle or a boat)
This actually kind of grosses me out a little bit.
SAW A couple exterior 'slats' that looked like poor paint/paint fade/weather damage
Noticed that too. Looks like poor workmanship.
A big owie for a tour by Kristen. .
If I was the homeowner, I would be pissed (would sue or demand a discount).
but hey it comes with a cowskin rug and fake cactus! jk, sorry, it looks like a pretty shipping container. Why not just buy two shipping containers and weld them together?
Absolutely, Michael. You.can attach attractive cedar trim to shipping containers just as easily. 😇
Or set down a Quonset instead.
Wow. Just buy a camper van. The shit rich people do is laughable.
That price is laughable.
$150,000!?!? Lol
Yea, I am right there with you buddy. The type of people who originally fell in love with this idea did not have this price tag in mind. I mean, if you can afford it all good and well but at that price I would just want to buy a bigger piece of property and have two houses of normal size. Just me.
Closer to $300K all in (installed).
u’d think with the money saved from mass manufacturing these in a factory they’d be much cheaper but i’ve seen many custom tiny homes a fraction of that price with more space, beauty & functionality..
I'm a big fan of small space living, but this unit is the most unimaginative unit I've ever seen. And $119,000? I do feel uncomfortable about sustainability when I see modular constructed housing, built in factories, and shipped thousands of miles by huge diesel trucks, and installed with enormous cranes, involving lots of people throughout the whole process.
Local imagination, local materials and local labour would probably be far more sustainable. And given we're entering a new age of increasingly hotter climates, we really should be designing houses that have good passive cooling.
Three thousand dollars a month is affordable housing? 🤦♀️
Thank-you for the awareness!! 😎👍
thanks for the video kirsten, great camerawork, get a good feeling of the size with all the different lens sizes and perspectives
I watched this whole video. 120,000$ 😆😆😆😆😆😆😆
Microphone is going in and out. Might not seem like it for others but I hear it. The property like some have said is blah. I've seen conversions in backyards that look like the client spent years planning
Must be a california thing. Here in SE Michigan i can get an ACTUAL house with a yard for that. In 2009 during the RE "crash" I paid $9,900 for a 1250 SF house w/ 100x150 private lot. I waited for the price to come down on a foreclosure that needed a lot of work. I fixed it myself as a licensed builder/remodeler. Avg $350 - $450/month for all utilities and property tax. I walked away from $300k of mortgages on 2 houses i "owned" (1 Rental) that was just breaking even. I wanted to sell the rental house but the market crashed so i walked away from both seeing the cheap foreclosures popping up all around me.
It's the rusbelt, you can buy a house for the price of a VCR.
I could see this as a stand-alone house. No need to be in someone’s back yard.
Municipalities need to get with the program, and start allowing smaller, more affordable houses.
I remember back in the 1970s in Charlotte, NC there was a great little neighborhood of tiny houses on the outskirts of town.
We used to drive through that neighborhood and marvel at these cool little houses.
Good Vibrations
I wonder if the designers/architects 'eat their own dog food'? I've always thought, the true test of whether a dwelling is genuinely designed for people and their welfare, and not just profit, would be that the architects/developers should have to live in it themselves for at least a year (4 seasons). Imagine how different our settlements might look if that was mandatory 😉
This guy is a professional bs artist. You still need permitting you still need contractors lol who's gonna put in the foundation and the utilities. Septic system?? Site work and landscaping gtfo 120k no chance
Yep looking at least another 50-60k . Not unless they can tie in with the house that’s already there .
This one is $300K all in.
this guy has cannabis farms in norcal, i know him.
He insulated his walls with cannabis
Thanks - that gives content to who benefiting
He's trying to divest his Cannabis profits into a legal out of state business (i.e. Money Laundering/ Interstate Commerce/ Wirefraud, etc.).
Small homes definitely should be much cheaper than this but I have to say the finishing is so pristine, they've fitted so much in there and there's just something absolutely special about black homes! Perfection 👌
Black homes in full sun, are hot (and foolishness in my estimation, no matter how good they might look).
@@Sovereign_Citizen_LEO Well that's one way to look at it but its not that simple, there's a lot of factors involved but the most important is the climate of the area in which the house is situated then there is also the question of the materials used in cladding as well as on insulation.
5:33 the trim gave me anxiety, interesting space but like other commenters, I think there's a lot of room for improvement!
I've seen better designed small houses on this site with MORE IMAGINATION FOR LESS. A LOT OF MONEY FOR A BORING DESIGN.
This is nonesense compared to all the amazing solutions out there. No thinking involved.
The cost of these versus what you get is way off and doesn't make sense.
I have always loved SLC. In my part of the Chicago burbs - couldn’t have one this beauty in my yard though it could have an alley access…
In B.C, permitted ADUs are called laneway houses. Not inexpensive, but well designed and built-not assembled elsewhere.
Not enough windows!
A fine example of the corrupting of the tiny house movement
Yes.
wonder what that crane truck weighs and how that subdivision street held up
Let's hope so for the owner's sake. If not, the city, the contractor and insurance companies will be in finger-pointing battles for years to come.
Did anyone notice that the wood trim, above the doors has dropped during shipping. Does that mean that the wood ceilings are hiding problems?
$120g ….for an ikea-filled shipping container
Salt Lake City is so beautiful
My mother in law purchased a 2br one for install in San Diego North County almost 2 years ago. County permits and contractor issues led to delays and I'm still waiting for final permits from the County so they can do prep work to place the unit on pylons. WHY IS IT TAKING 1 1/2 YEARS???? Anyhows, financially this makes sense due to the outrageous cost to build, plus all the permitting issues where we're at. Home values in the area increased $400k-$600k in 2 years, so, when you're talking about price increases, no place has seen it worse than San Diego County (10-miles from the coast). The unit also makes sense for her as she's snow birding between NYC and isn't living there full time. Plus, we have the main house. Once these people get their act together I'd say it's worth it depending on your market and aesthetics of housing immediately around you.
I enjoy seeing different types of houses and living arrangements. Thank you for sharing.
Would hope to have more affordable options such as Boxable.
heck with the modular aud, I want to see the main house...look at that home.
Very nice
Some of the details seem rather weak and underwhelming for a small smart space house of this high cost.
For example that Murphy bed than then can be used as a table, there was no effort made there to not "cut" your fingers when you lay down that vertical board (you saw him struggle not to wreck his fingers) secondly the long cheap looking hinge looks like the one that will eventually became loose with use.
This is is obviously not designed to be be used, but unfortunately like many of the contemporary "smart design" has features that in practice they become a nuisance and end up not being used.
Affordable. LOL Good one.
Compared to what the other folks Kirsten documented, this is laughable. Look up "Full home unfolds in 1-hour, kitchen & bathroom included" on her channel
What am I watching here that I haven't seen 100x before.
Most probably, the fact that these cost much more than many of the small or tiny houses you'll ever see.
Would love to do something like this but live in Canada and tbe laws here are brutal
It's very beautiful but it's almost as expensive as owning a house maybe even more because usually make maybe $2,000 payment a month and they want $3,000 a month that's pretty high but what I see is that if you have a large property you could always rent them out sort of like an Airbnb
Builder: There is a housing crisis here, just like everywhere in America
Also Builder: Our clients can rent these out for $2000 a month
Yes, and their presence,a dding housing supply, may keep that from going up to $2800 a month next year.
@@MrIansmitchell- I doubt they're making a dent in the housing supply (and certainly not affordable housing). And this one probably is $2800 (or close to it).
awesome
By what metric could this possibly be considered 'affordable housing'???
Versus the available housing in the areas where these are being placed. When the median home is over a million, 120k is affordable.
Everyone forgetting you still need a lot to put it on and the lot is gonna be more expensive than the house unless u already own it
People are forgetting everything lol. They don't know the first thing about buying a house/ property.
Being a landlord is not fun. Being a landlord within shouting distance of your tenants is even less fun. You'll see.
Being a landlord so often marketed without mentioning the work involved!
Tenants are often resentful of landlords.
@@saratemp790 Even when they are in the wrong, or for things the landlord really has no control over.
@@saratemp790 Tenants often have good reason to be resentful of landlords.
@@luiscuixara4622 No I am not talking about that. They are just jealous, even if you treat them well. Especially if you live there too.
Nice
🔥 on the deck how to get out ?
119k usd for this?..crazy
You’d be better off buying a couple of lawn sheds from Sears and sticking them together. 400 square feet for $120K?? Nuts...
Then start your own business and do that.
Lol. $3k/Month to live in a shipping container. Like Klaus said, you'll own nothing and you'll like it.
No one else going to talk about the damage that thing is taking while being craned into position?
At that price Chris, most of us wouldn't give a damn...
Crashed landed into position lol.
$120K, fuck that. That's some straight bullshit.
Seeing just the bed, table part. The bed is too hard to get down or up, that´s only for heathly people. Same table, not easy to handle. Socket should be close to the table, embeded to bed.
That struck me, too. I’ve seen much better designed Murphy beds. I thought the whole thing was ridiculously over-priced for a poor-quality design.
I really hate it when contractors try to factor in what your doing with the property as additional cost outside of the defaults labor and materials.....
Which states allow ADU? I’m from TN
I think it is more of a city-by-city thing. You should google 'what cities allow adus', you'll get a ton of information. You could also contact the mayor's offices in cities that would interest you.
Boxable is better for a third of the price.
Nostra, I want to see unit conditions and owner reviews after at least a year of residence before I look at another Boxabl video. They were marketing and getting tours-and looking for more investors-before a single sold unit hit the ground. Smh! 🤦♀️
The size of thoses houses in the neighbourhood are so big. Just an insult to the nature and humanity.
At that price i'd like to see how durable these are 5 to10 years down the road .
Durable enough to poop on.
The size of the main house!
What does ADU mean? I know what prefab is, but ADU?
Accessory Dwelling Unit
@@shelleynobleart TY
Adult Detention Units because they are as big as a jail cell.
@@4eyefoxbodyfanclub625 You've never been to jail, obviously. Cells are 6 feet wide, 8 feet long and 8 feet tall. Don't ask me how I know.
@@4eyefoxbodyfanclub625 - And you might as well be living in one paying $300K for this box (because the mortgage will be literal debt slavery and you will probably lose it anyway when COVID hits and you lose your job).
⭐️⭐️⭐️⭐️ Nice, however, I would need a 2 bedroom 2 full bath with a larger living room.
120k? :O
lol? Did dollars suddenly drop in value?
Yes, they literally printed trillions of them. Did you not get your stimmy checks?
It seems like a reasonable investment. If all in it costs $150,000 to install then here are the numbers; $30,000 down. $120,000 home equity line of credit. @ 3.0% you'll be paying $505.00 per month in mortgage fees interest and capital. Electricity might add $100 per month. Taxes maybe $50-$75 per month. Warter and sewage may not add anything.
If you can rent it for $1,500 per month (low side of the equation) you'll make $750/month. That translates to $9,000 per year or 9/30 or 30% return on equity. Obviously there is depreciation (the entire amount can be written off over 27 years) in your favor tax-wise. Then there are repairs and property tax issues etc.
$300K installed for this unit (all in).
@@Sovereign_Citizen_LEO Seems a bit pricey for what it is, although real estate prices have risen so who knows. It looks a bit shy of $300 per square foot.
Tech-bro thinks black rectangles with wood accents are the pinnacle of design. shoot me now
Hello enjoyed your video have an awesome day lisa@moneypit homestead
Efficient but the price is stupid.
Hi!
That bluegrass lawn seems a huge waste of water in a thirsty part of the country.
I live in salt lake and the affordable housing is a joke here a cheap studio is 800-900 a month you cannot get cheaper than that
I'll pass on this
For what this company is charging you can get a friggin RV.
why is your audio always so crappy?
Not sure what this has to do with a fair company..
If the lady in the orange blouse comes with it, it might be worth $120K. Or maybe not.
NO ADA, WHY NOT MAKE IT HANDICAP ACCESSIBLE ?
Way too much for that. In Georgia that would be $40k
I'd rather look at an airstream.
I'm sorry but it's ugly and cold feeling :(.