Tiny living, downsizing, right sizing, small living, micro living. Whatever you call it, this national trend is all about paring down living spaces and simplifying everyday life. A cable show devotes hours of programming weekly to a growing national movement. It's a concept yet to take root in the Capital District.
Fred Elia, president of the Schenectady-based Hearthstone Homes, specializes in "flipping" traditional houses and understands well the stagnant housing situation in the Rotterdam area. "Middle class families simply don't have savings to afford a down payment and often have heavy debt or other obligations that disqualify them from getting a mortgage. Ironically, these families pay more in rent than they would in mortgage payments, which would help them build much-needed equity."