If you’re willing to look at renting from a weirder angle, you could save about $1,200/month like “K”. This is how.
FYI: This is about more than van-living. Read on.
First, my situation: My place has housed three people before, but since we’re now back down to two, we’ve readopted a revolving door policy for friends to come and go as they please. When we do this, we generally have one- or two-month arrangements and put people up in our storage closet for about $300/month. Since our guests only sleep in there and are free to use the rest of our apartment anytime, this is actually a lot nicer than it sounds. We have multiple TVs, a fully stocked kitchen, 1.5 bathrooms, and even an office! As proof of concept, we actually have a guest with us next month – “J”. She’s looking for a more permanent space with her boyfriend, but until she finds the perfect place, she doesn’t want to sign another lease. We make a little bit of rent money, and she has the flexibility to keep looking. Everybody wins!
Our friend “K” is gonna win hard in a few months too. Unfortunately, his current situation is a real money pit. In his own words: “im paying 1375 plus hydro and internet which bring it to 1500. my plan is to sell my jeep for 14000 and get a 2007 Mercedes sprinter for the same amount roughly. i figure it will cost about 1000 to convert it into a living space, since it will just be a bed, side table and closet cause i dont need to have a kitchen or toilet. [More on this in a second.] ive lived in a honda crv(which was fucking terrible) then a jeep cherokee which was a bit better. then [“R”] and i lived in a mini van that we built a bed frame in and put a double matress with curtains and a battery system to power fans and our laptops without using the vans battery. also we had a solar panel on the roof to charge the electric system”.
Yup, he’s planning on living in a van. But wait! It’s actually WAY better than it sounds! Why? HE GETS TO USE OUR PLACE AS A HOMEBASE TOO! And he’s not sleeping in our storage closet, meaning I can still have short-term guests! WTF, RIGHT?!?
I should probably back up and explain. When “K’s” lease is up at his $1,375/month apartment (that costs him $1,500 after bills), we have an arrangement set up. He will, essentially, become our Roommate #2.5. His plan involves sleeping in his van, but he’ll also be living with us, using our kitchen, bathroom, and office space during the day. He’ll be paying ~$300/month, and in return, he’ll have access to all our amenities, like Internet, running water, and an actual goddamn mailing address. He won’t have any real bills! On paper, he lives here. In reality, the van is home, and because of that, he has the flexibility to take his home wherever he might need to go, whether it’s a job site or a vacation destination! Also, THIS FREES UP ~$1,200/MONTH OF HIS MONEY! Over just one year, HE SAVES ~$14,400 AND I MAKE ~$3,600! Again, everybody wins! It’s like a sort of “friend economy”. Instead of paying strangers for their services or housing, pay FRIENDS for what THEY can provide. Money and favours keep circulating amongst the people you care about, and everyone becomes richer because of it! Friend Economy 101!
Obviously, this really only works for young, single people like “K”. You can’t raise a family in a van. It’s hard to argue with the savings for people who can make this work though! In Vancouver, where a 1-bedroom goes for $1,900, having access to an apartment’s amenities while sleeping in your own space for ~$300 is a steal! Of course, finding opportunities like this isn’t gonna be a walk in the park. This is just one isolated example of a millennial living unconventionally, and saving shitloads because of it.
When possible, use and rely on your friends. “K” found cheap housing. “J” found a temporary place to stay until she lines up the perfect home. I found extra rent money. It’s actually ridiculous things like this don’t happen more often. If we all functioned better as a real community, maybe we’d all be a few thousand richer.
That’s the kind of world I want to live in. I’d sleep in a van too if it meant being able to invest an extra $1,200/month. Would you?