How is this different from buying a prefab house, or a trailer?
Well, a lot of it is around how folks want to live, and around the permitting. With a typical tiny home or a trailer home or anything on wheels, you can't legally live in it as a home in most places. That's why you don't see trailer homes in neighborhoods, right? You see them in trailer parks. That's because that trailer park is specifically zoned for that. But with Kasita, it's permitted and designed to fit into backyards or small properties all over the city.
Even on a rooftop?
Yeah, you could. In fact, we're actually working with owners of a restaurant here in Austin. They're at their restaurant all the time anyway, so we're working on a couple of rooftop units.
You've mentioned that people can't afford to live in the cities that they love anymore. We used to live in San Francisco, and had to move because we just could not afford living there.
Yeah, so I call it affordability through innovation, rather than affordability through just making things cheaply. Because we've found that making cheap housing doesn't solve the problem. There are larger issues here.
We're working with these principles at Kasita. We can build fast, we can erect the structures fast, we can disassemble them fast, and we can fit into very small spaces that nobody wants. We've identified 1,100 of these spaces in and around New York City. We've found over 3,000 in Austin. They're too small for any traditional developer to want. On 1,000 square feet, we can build eight units. Which is crazy, right? We're not talking about building massive 800-unit skyscrapers, we're taking abut fitting into the cracks and tiny spaces nobody else wants to use.