160,000 Homes Reserved: Boxabl’s Modular Home Platform Is Making Affordable Housing A Reality

Boxabls new goal of a new house every minute

Despite rising interest rates, the housing market is still red hot. With the average 30-year fixed rate mortgage nearing 7%, the average homeowner will pay over double the asking price at the end of those 30 years. Sky-high housing prices and insane interest rates mean being a homeowner isn’t an option for many.

What happened: A number of new technologies and startups are looking to solve this, and one is becoming a clear frontrunner. Boxabl is a startup creating a platform for building tiny modular homes called “Casitas” that can rack and stack together to make any size home. They sell for about $60,000 per Boxabl for a semi-furnished 375-square-foot home. The kitchen comes with a fridge, oven, dishwasher and microwave while the living space has a washer, dryer and air conditioning.

The startup has become a sensation. This is sparked in part by its record-setting equity crowdfunding raise where instead of raising strictly from venture capital, it opened investing to everyone. This resulted in raising over $130 million from tens of thousands of everyday investors, many who are sitting on substantial unrealized gains as the company has risen to a valuation of over…