The Real Cost of Elon Musk's $50,000 Boxabl Casita
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- เผยแพร่เมื่อ 31 พ.ค. 2024
- Elon Musk is allegedly living in a modular accessory dwelling unit from Boxabl on the SpaceX property. This has brought a lot of new attention to the modular housing industry but is this home really $50,000? Can it be considered an affordable housing option? In this video I look at the added costs of preparing land and setting up a Boxabl Casita on a real piece of land that I'm working on. Boxabl is shaking up the entire modular housing industry and I'm excited to see what comes next!
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#modularhomes #elonmusk #affordablehousing - แนวปฏิบัติและการใช้ชีวิต
Finally someone talking about utilities. Not just a drone cam and catchy music.
i bought a 1700 square foot house, fully updated everything, with a small back yard in 2012 for $53K
@@p.chuckmoralesesquire3965 : WHERE did you buy this inexpensive house almost ten years? Area of the country makes a HUGE difference.
@@catherinetodd He said in 2012. We’re in 2021 so probably more expensive today. :)
@@catherinetodd yeah I know but that doesn't address the point that I'm building to making which is that$50K box house is a pretty lame scam. Musk is doing something much worse than government housing.
@@mayalmariomendoza134 Yep exactly, I sold it for $100K a couple years ago. What do you think the up-swing is on a $50K kit house? I'm thinking more like a used car.
I am fully impressed! It's just a complete th-cam.com/users/postUgkxGqOCINHE0Z0E5gxzSdNi9NWGugRY5Hm2 plan with the best resources and step by step instructions . These shed plans are so satisfying as if the sheds build themselves on their own. Worthy work Ryan!
One box still reminds me of an Ikea apartment display if you visit their store.
holy shit it does LOL
Again.
Thanks for being the subject matter expert and explaining the real cost scenario. Your insight is always appreciated.
When my brother was going to build a casita in his backyard which was huge, he figured he’d spend $200,000-250,000. So yea, that would have been much more affordable.
Only reason I would consider a Castia is because there’s no excess costs really to have it built, just the usual inspections.
@@ZambonieDude but honestly, the little modular would make a perfect guest house or pool house. Which was he was trying to achieve.
This was a good breakdown. Things usually have more costs than the sticker price and we should have more of those conversations even about traditional home ownership
This was a great price breakdown of these houses 🏘️ Thank you again, and looking forward to the next video 🤜🤛💯😉
If small communities could be developed similar to what I’ve seen with some “tiny homes” where the development has a community garden and rec center (I believe those home owners sign an agreement to abide by some policies that benefit the group as a whole).. that would be a great idea
I agree
This is actually a good idea
Never happened! I’m a licensed and certified residential designer and this home as represented is bogus.
..i would do it..be Thrilled to do it..such a community sounds really Nice..never did like big houses..my Favorite home on earth was a 2 room cabin my dad & i built...all from 'leftovers'..he was not just a builder he also tore old houses down..you can come across some Cool & Rare details that way...Magical lighting, fantastic tile or wood floors...uber cool windows...Great old doors...finely crafted hardware & some really beautiful paneling & cornice & ornamentation. Even the occasional perfect fence.
...i had a Very Unusual childhood growing up on a self sustained farm in the mountains of NePa..& some of the best memories were working with my dad...since my older brother died in vietnam..after the general left he turned to me & said i had to take his place. "it's up to you now"..i know it was the grief talking, i was only 12 yrs old..my life changed forever that day, i lost a brother & what was left of childhood..& gained a relentless work ethic & pride in results that sustains me to this day...he did mean it, he taught me everything about building a house or cabin including the plumbing & electric..masonry...& landscaping. & so much more. Now that i think back on it, not sure who was driven the most, him or me. Hard to tell.
These houses are Wonderful..i would Love to go over one from top to bottom..& i'll bring my rug & pillow..lol
Been trying to convince my husband to make travel nurse communities...passing this on to you
I think even with all these costs it's still a very smart option. Where I live the total cost for an install would be about 85,000 and this would still be much cheaper than buying a near by home.
You still have to buy the lot/land to put it on. That could easily add a lot of cost. That price is already figured into the house nearby.
I live in a 20ft shipping container, The Casita is a mansion! I am putting one in the desert about 200 miles from vegas, off grid, its going to be very affordable!
Which one are you putting in the desert... the 20ft SC or a Boxabl Casita(?)
Are you one of those monsters from hills have eyes?
Ah. Joshua tree is a nice place.
Yup, I’m in a 40’ container that I’m building as I can afford, it’s still going to end up at $25k-30k once it’s done (including off grid power which is $$$)
I'm living in a 5200sf house and its affordable for me
The other good thing about a Caseda is that it is stackable, and even at 100K for a stackable configured unit at 800 so. ft. Plus installation cost, not including land, is still in the 120K range very affordable for what it is.
Agreed, I think they're a great idea.
You guys must live in California. 120k could get you a monster mobile home though
Wouldn't assembly add.an additional huge fee?
lol 120k for 800 sft is NOT affordable.
@@Gibsonsg527 : it is, only if you live in a high-dollar real estate area where houses go for a million to start!
Informative, concise and straight to the points that matter..........good job!!!
Thank You So Much Kerry , this is useful information indeed! Stay Safe & Stay Grateful! 🌷🌿🌍
Thank you for sharing this info. Very helpful!
25K CAD septic system!
That is a very interesting reminder of reality.
We are assuming, of course, that a single family home of that size is allowed by ordinance, and/or a second dwelling on a single family lot is allowed. Many localities require minimum square footages, and require special zoning for accessory dwellings. After 42 years in local government, I always tell folks to check with the local building and/or zoning departments before doing anything.
I use to work in
San Luis Obispo CA. They had an empty lot for
$37,000. I wanted to buy it. I called the realtor.
I said I want to buy it and put a small home on it.
He laughed at me and said the city would never let me do it. So I forgot about it. A few years later there was a small home on it. LoL.
Probably worth about $500,000.
@@PInk77W1 Yeah, there are always exceptions to the rules. I my location you can ask for one if you are willing to pay a hefty fee and ensure months of public hearings with no guarantee it will be approved (and sorry, no refunds).
@@jimbowling8528 someone was politically connected. I wasn’t
I'm a small real estate investor I thought of adding something like this on one of my properties. The local government said first I need an engineer to make drawings of the addition. then after paying an engineer I have to pay them $500 just to give me a yes or no answer.
@@charlesweaver9297 where do u live ?
Sounds like a big city ?
I live in the middle of Texas
I don’t think it’s like that here
Super helpful. Thank you for the breakdown.
Well done! I visited the Boxabl manufacturing facility in Vegas back in late August. Only about a month before they kicked off actual production of the Casita. We are very interested in this product and the future of manufactured homes.
As a developer/home builder (in Oklahoma City) I can certainly appreciate your explanation of the price per square foot cost analysis. This is all too often the focus of those in the market for a home.
Thank you for this "all in" cost break down. Spot on! Now I'm going to go watch your first video to get more detail and I am now a Subscriber!
Thanks Zach, glad to hear you got value from the video! That's cool you went to boxabl, I'm going to check it out soon as well. Thanks for watching
I love it.!!
It's an an ambitious modular housing project. Thanks to share and I think it's gonna be useful. It's only to adapt the costs where one lives.
Great review. Answered all my questions in one video. Good job
Thanks for watching!
This is a very informative video Kerry with practical information that can actually help people make a decision regarding the boxable. Bravo!
In summary 50k for house 25k for everything else. Not including the cost of the lot of course
Double that for California
Although federal, state and local taxes weren’t included in unit and setup costs.
@@curtissharris8914 Our city in CA is waving the hook up costs to water and sewer for ADUs. That's a savings of $10k.
@@rvingjourneys that's fantastic what city is that?
@@rvingjourneys what city?
It will be interesting to see if Boxabl can do a master planned community with these types of homes done in such a way that all costs are still affordable. The economics would have to work. That would be interesting to see if that could work
Wouldn't go for it TBH those kinds of affordable housing communities tend to turn trashy real quick. Plenty of trailer parks out there to go live in
People would have to be committed to living simply. The class of the people would be very very important.
Some tiny home groupings you buy the home, but pay rent for the land, which you don't get much of
Once you factor in land costs it kills the potential.
Both a wonderful and concise review. Such a refreshing alternative to traditional homebuilding. Thank you for your information.
You’re welcome! Thanks for watching 🙌🏼
EXCELLENT, THANKS ! ! ! While I'm presently designing and building an off-grid solar tiny camper trailer, And being a home owner, I can better appreciate the costs involved between permanently building on a foundation vs. a parking space. Still, the need for comfortable, affordable shelter in this day and age is a choice every person faces...
Excellent analysis and very useful.
Great video. I'm in the lower mainland of BC and have been looking into this. I appreciate your information.
Glad it was helpful!
Ford created the Model T which thanks to mass production, for its time was affordable and reliable compared to other cars. That's what the US needs in a house, too, and has never had. One that can be mass produced making it even more affordable, transportable (to a site), energy efficient, and durable. It shouldn't be as difficult as sending people to Mars or finding the cure for cancer.
One thing Tiramani achieved in the Boxabl Casita, besides it being innovative, is an interior space that looks like it would be an attractive, comfortable, and functional place to live, for an individual or couple who don't mind making some space sacrifices, can get creative with storage, and who like saving energy.
I'm guessing that if a new couple have kids, they can add a box, and put it on top, so the Casita in theory, could grow as the family grows, without taking up more land space.
Timzart: well said, and what I like is that you can add more Boxabl's later on. That makes this construction even more attractive!
@@catherinetodd you can't just add random stacks in a house and call it done. Structural integrity is important if you don't want to die.
That already exists. Contrary to popular belief, building a house is extremely cheap. Most people either don't want to learn or are too lazy to research so they just want to buy premade. Keep buying premade, prices will keep rising. Cost of building one yourself, always keeps going down in comparison.
Sears used to sell house kits that were delivered by rail and built on site. Came with everything needed to build the home and included plumbing, electrical, etc. This isn't a new concept
Thanks. Most people do not understand actual costs and cost-per-square-foot. We need to know all the information, taking into consideration the area people live in! A building lot can be $10,000 to $1,000,000 jusst for the land, and materials have gone way up due to the pandemic right now (Sept 2021). Looking forward for more and gracias, amigo!
i also live in BC & one thing that wasn’t factored in was the exchange rate from US to Canadian on the casita & shipping. that is an added cost that’s always a reality for us canadians.
This is very helpful! Thank you. I don’t think I saw any crane time cost factored in, tho. Imagine that could add a bit to the bottom line as well depending on the location.
Another Great Video ⭐️ keep up the Amazing work
Thank you 🙌🏼
In New Zealand the average house price is 880,000. So im watching, intensely interested. I live in a city, and have a 1/5 acre lot. Our city has just made a rule that a 2nd dwelling of 300 sq or less does not need consent. So this has world wide potential. Thanks
Transport cost to NZ, land, etc would add a lot and are those NZ dollars or USA dollars? Huge difference.
Thanks for breaking down the costs! And yes, every state and up to local area, traders and utilities will slightly vary, but very little, and you made the best ball park estimate from a high priced area. BTW, I am a licensed real estate agent in Texas, but not active in the business.
Good video, very informative. Thank you.
Thanks for watching
This is really awesome. I know 50k houses built in some countries which are nothing in comparison to your house!! Hope you can export globally or even set up production lines outside the US!!
This was really great. Excited to see what Boxabl does!
Thanks 🙏🏻
thank you for your knowledge and a fair assessment of this product
You’re welcome!
I've owned two homes in my life and to say this is NOT affordable is simply untrue. I really appreciate you breaking the costs down. I've been contemplating building a home for myself for a while but it's not feasible. Prebuilt homes are very economical. If you were to take your numbers and build a community they would drop some. That's my latest plan. Then instead of being a renter I'd be an owner and others would as well. Not everyone can fit in a 400sqft home. Do you know of other affordable options like these for say a family of 4? Thanks for the great video. Happy subscriber!
MANY THANKS AGAIN, KERRY!!!
An 800 sq ft house with closets and 2 bedrooms with nice covered front porch and that looks like a shotgun house would be super cute. Oh and a laundry area.
I’m a retired home builder seattle area. Your info is very good and well presented !!
Thank you! I appreciate that 🙏🏻
Thank you for educating citizen on numbers...keep up great job!👍
Thanks for the breakdown! I've been curious about what the total cost might be.
Good to see site prep $ mentioned but technically it's a wash, as all new home sites would incur these costs.
Thank you: great info & breakdown.
You’re welcome! Thanks for watching
Amazingly objective summary. I've been involved in affordable housing for 30+ years. I do believe this is revolutionary, and again, thank you for answering the second half of the question.
You're welcome! thanks for watching
30+ years in affordable housing and the prices have shot off to the moon. Im guessing theres alot of hands in the cookie jar.
@@okrepo8461 All volunteer work for well known non profit providers.
WOW This is very, Helpful Thank you
You’re welcome 👊🏻
Tuffshedd has really nice tiny homes for less than $20k installed incl shipping. Still gotta prep the land, wire/pipe the house, and finish it. But it’s still a better bargain imo, particularly if you can finish it yourself.
I’ll check it out thank you
@@KerryTarnow Wow, thank you for responding. There's a video that went viral a few days ago where a gentleman walks through one of these houses. Its called
"TINY HOME...HOME DEPOT..." I would love to hear your take on it!
great information, thanks
Yes Boxable community village idea with a rec room + pool access sounds like a great idea!!!
Hey Kerry, winters are nice and warm out there in BC. What about R values for those in the East like Quebec and Ontario. the walls look so thin.
Thank You for your page and videos
You are very welcome
One major omission was the roof. In different videos and interviews with one of the Boxabl founders, there is a pretty big hint that you'll probably need an actual roof. My guess is that unless you're in the desert, you'll pretty much need one.
The cost of constructing a pitched roof would not be trivial.
I'd also imagine that the $50k + shipping won't include the cost of assembly and mounting to the foundation.
I just saw a vid, pitched or flat roof, with solar panels
@@jaceebrynne49 : is the roof included in the $50,000 cost?
We have a Boxable house, the price just covers the house walls, floors, window, and roof. We had to purchase our land, pay for utilities set up, and appliances. The complete total was about $325,000.00 with a bulk of it being the purchasing of land.
How do you like living in it?
@@KerryTarnow we love it! No leaking or drafting at all.
Where?
Do you pay down payment? And could you pay by monthly too?
wow why didn't you just buy a decent home in the suburbs around cities?
You had me at "polite of course".
Thanks for this video!
Yeah, for my location that's an outrageous price! We bought our first home for about $70,000. It's almost 1600 Sq ft, has a nice yard and 3 bedrooms and 1 1/2 bath.
Wow, that’s awesome! Was that recently?
@@KerryTarnow just before this housing shortage hit. We are listing it this week and hope to get double that, but we put a lot of improvements into it.
@@hollybishop484 great timing! Good luck with the sale 🙏🏻
Well lucky you but I live in California and every millennial like me is depressed we can’t afford shit we just keep getting pushed to live deeper in the desert
It’s also Haaaaaat in the summertime
IM FROM LOS ANGELES,... THIS IS A DREAM COME TRUE,.. MAYBE THE LOT OF LAND WILL BE MORE EXPENSIVE HERE IN LA,.. AND EVEN IF THE TOTAL COMES OUT TO $250,000 ITS A STEAL AS THERE IS NO HOMES WITH THAT KIND OF PRICE IN LOS ANGELES,... CANT WAIT FOR THESE TO BE AVAILABLE IM DEFIANTLY GOING TO START LOOKING INTO THIS,.. THIS LITTLE HOME 🏡 IS ON MY BUCKET LIST!🤗
Great breakdown and explanations
Appreciate it!
This answered all of the questions I had about what you’d actually have to do after buying one and how much it would really cost to get one up and running. I agree though, even with the additional costs I do think these are still a good investment and I think in the future we are going to see more and more of these.
Glad it was helpful!
@@KerryTarnow : Amen and GRACIAS!
You do know you can just buy a mobile home about 3x bigger for much cheaper, right?
@@enriquecabrera2137 what’s the downside to a mobile home? It’s on wheels tho…the home can roll away…also the entire home is one giant vehicle that you can drive the mobile home and a vehicle can always blow up right?
@@enriquecabrera2137 link or video please
I think you mentioned that the cost of the home was $50,000 but the house you built was over 1600 sf. Did I get that correctly because I thought the base 375 sf +/- home cost $50,000.
Kerry...
Nice review and good info. Question...is all the wiring and plumbing to fixtures, switches and fixtures included in the 50k? Connections to utilities I get....every option will have that expense. But the fold out nature of this unit makes me wonder if all the plumbing and wiring is there, or is that by others?
My God - anyone who says that $133/sq ft is expensive for a tiny house like Boxabl has lost their damn minds, in my opinion. I live in British Columbia, Canada - and I just saw an ad for a condo in North Vancouver, BC today that is 569 sq ft, and it was listed at $774,0900. That's $1,360/sq ft - literally 10 TIMES a similar sized Boxabl home. Greater Vancouver has some of the world's most expensive real estate. A piece of land the size of a tennis court has sold, undeveloped, for $1 MILLION plus. I get that West Virginia might be a lot cheaper, and THERE'S A REASON FOR THAT.
80% of that is land value (yes you still own land in a condo)
I agree it’s still a bargain for us in Hawaii where our average is around $650-$900/sqft. 😭
Great information. Thank you.
You’re welcome!
This answered a lot of questions that I've had lately. But I would also like to have an idea of maybe a few different costs on the price of property in 2 or 3 different areas (low, medium, and high end areas) if you have never owned a house or your own property. I would also like to know the process of how that works and what to look out for if I decide to try something like this from complete scratch, coming from an apartment complex and ignorant of anything outside of that lifestyle.
Very well thought out video.
Glad you liked it
Looking forward to buying one.
These modular homes would be great to establish "modern" mobile home parks.
lol 'cept a boxabl community would look absolutely nothing like a traditional mobile home park.
@@__WJK__ thats the point. out with the old in with the new.
Hi Kerry, I think you do a great job with these videos. The thing that concerns me about Boxabl is the joints that allow this house to be folded. Do you have any thoughts on durability and weather resistance of these elements that a normal house does not have to deal with?
namsinc wrote: "The thing that concerns me about Boxabl is the joints that allow this house to be folded." Exactly my thoughts as well. I would let a few more of these folding houses get installed and wait a year to see how they make it through the seasons before I invested $50,000+.
Excellent review....
Thank you!
Nice presentation and extremely informative, logical, and interesting. Thank you for your wise perspective.
Thanks John!
Interesting. That figure was just about my 'ballpark guess' for the permits, hookups, foundation, etc total price tag (without land cost) which is fantastic for a brand new energy efficient way stronger than stick built home.
Good info!
Just a quick question for clarification: You said that you based your prices for setup on the location you're currently building in British Columbia. Did you adjust the prices to reflect USD vs CAD? I know the Boxabl Casita is quoted at $50k USD but if you're looking at CAD prices for setup/utilities/etc then it could be skewing the overall price higher than if adjusted.
ARaddue: I was wondering the same thing. Too bad the videographer doesn't answer questions here. Would be a big help.
Great breakdown.
Then issue is the finding a land that allows you to out this house on it.
In los angeles that impossible right now. And probably most big cities, unless you go out in rural areas.
Totally agree for singles that have other goals than working 40 hours a week to keep there nose above the water this is the cheapest to own and fastest to get up and running. A off grid option with solar panels and electric or compost toilet. Only water in and gray water out.
This video is exactly what I was looking for. A breakdown of total estimated cost, obviously accounting for regional/local factors. Thank you so much! Been wanting one of these since they launched. Can’t wait!!
No problem Bunny. Thanks for watching
Thank you.
A teardown house on a 30' by 110' lot in a bad area of Vancouver, BC sold last year for $1 400 000 CDN or $ 1 115 124 USD. So, if a Boxabl homes were available at twice the the price they would be almost free compared to what we pay. Needless to say you couldn't build in or near Vancouver, But British Columbia is a big beautiful place. A 20 by 40 Boxabl $150 000 house on a $ 100 000 dollar lot in a nice small town is still a free house to us.
50K is post prototype home, when it will go into mass production cost will drop.
great review
Thank you 👊🏻
Some cities, counties, special zones have restrictions on almost any/everything: must have permanent foundation, must cost a certain minimum amount, must be/not be made of certain materials, must have x square feet of land, must have environmental impact statement... and will it qualify for a mortgage? Do you pay $50K up front? Etc etc etc.
Great job!
Thanks!
great video
I also live in the interior of BC, and this casita looks good to me.
Well done mate. Cheers
Thank you!
When you think of a startup situation and initial costs of getting production going and keeping up the regular production schedule, I think we can assume that eventually, the actual cost of this system should be going down a few years after the initial startup cost has been absorbed. Any prototype is expensive, and any business needs to recoup the expense of design, R&D, and upgrades aside, after that, the basic units should become even more affordable as time goes by. Of course, there are factors that can run up the cost of doing business and manufacturing, such as labor unions and taxation. If the industry can avoid unions, and local governments can give tax breaks and incentives for this type of low-cost housing in needed areas, this could be the big wave of the future in truly affordable homeownership.
Disagree. They will gradually increase price as demand increases. Sooner or later they won’t offer any savings. Just economics.
Appliances and furniture are also included. Depending on location, still a good deal.
Great video. Do you know if these Casitas are hurricane proof?
Thank you. If possible would you please do the estimate of real cost for the larger model with two bedrooms or perhaps two casitas on one piece of land? Thanks for the other videos too.
The site prep work is there regardless of what type of house you build.
So, looking at sq. ft. price on new construction is the fairest comparison.
Given the rising cost of wood, pole buildings are now as expensive as the Boxabl Casita.
Metal frame buildings are another option. And then there's the traditional stick built house.
New houses can't be compared to existing houses because the existing house is not new and may need a little or a lot to freshen it up or totally remodel it.
were I live the houses are 600k or more average.. lol. this is in Santa Rosa, CA, so the boxable is extremely affordable. Im pretty excited about this. only problem is finding a place to put it since the land here costs so much!!
Hey Santa Rosa. I'm from up in those parts. Waitin for the final $ in video
Land is pricey out in Sonoma county
Kerry. I have used a footing only a flat pour of 12 inches and then place block starters for the one block high for concrete slab finished ?
Thank God I live close to Vegas so my shipping will be 1000 compared to you. Also in California where I live where houses cost over 1 million dollars paying 150k for 3 of these stacked with a parking garage is cheap!
Don't forget impact fees. In my area is 16k per build. Plus cost of lot, lot clearing and development if needed.
Calculating site prep is mostly a wash, given new home construction (Boxabl, etc) will require/incur similar prep costs.
Something many people forget when looking at cost per square foot, the larger the home normally the more empty space there is. If we have 25’x25’ living room that room will have four walls, ceiling, and floor that need finished. If we have a 25’x25’ house with three rooms (living/kitchen, bathroom, bedroom) that same square footage is going to cost a lot more. The bigger the spaces the more “free” space. Walls cost more than air.
They build quality and that is what I like about them.
good info ... by the way the lamp in the back is crooked.