Video: Family Lives in 320-Square-Foot 'Shotgun Shack'




Having trouble qualifying for a home loan? Then consider what this inventive family of three did and buy yourself a Mississippi-style "shotgun shack."

Sick of working two jobs apiece to pay the mortgage on their 2,000-square-foot home, Debra and her husband Gary decided to give it all up and start over – by purchasing a 320-square-foot shack for $15,000 cash.

The video below, first submitted to the blog faircompanies.com on an open call for videos of tiny homes, shows the couple and their teenage son living mortgage-free in their surprisingly spacious abode.

The home includes a walk-in closet, conventional-sized appliances and even a lofted bedroom for their son that, the family boasts, is big enough to host sleepovers. Watch the video below to see just how far a little ingenuity can take you, even in today's prohibitive mortgage market.

Would you live in a 320-square-foot home?
Sure, why not? Nothing beats living mortgage-free!21736 (79.5%)
No way! Where would my 50" plasma fit?5617 (20.5%)





Thinking about adding value with home improvements? Here are some AOL Real Estate guides to help you, whether you're selling or staying.

More on AOL Real Estate:
Find out how to
calculate mortgage payments.
Find
homes for sale in your area.
Find
foreclosures in your area.
Get
property tax help from our experts.

Compare Mortgage Rates

Mortgage Rates by Zillow