Can't afford a home? Rent a walk-in closet

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WPTV reports on Sergio Santos, a Florida man who lives in a 75-square foot closet. "It's all about savings. It's about recycling. It's about optimizing my time," he said.

He was having trouble making the payment on a larger pad, so he downsized far more than most people would ever dream of. He spent $64 furnishing the place, and pays $150 a month in rent. He did all the work with recycled materials, and even managed to add an "upstairs loft bedroom."

Yes, he actually called his sleeping quarters in his 75-square foot closet an upstairs loft bedroom -- he could well have a future as a New York City real estate agent!

In any case, the clip is quite inspiring -- especially if you're dissatisfied with your current digs.

Foreclosure Stories

    Desperate Measures: In late October, June Reyno chained herself to her Mira Mesa, Calif., house to try to stop a bank from taking it. "I'm not going to walk away from this home quietly," she said. Her family was unable to keep up with mortgage payments after refinancing the home and facing money problems.

    CNN

    "We are very proud of this home, and we are not going to allow the bank to just take it away from us," Reyno told KFMB in San Diego. "This was going to be our home until we died," she said. Watch the video from CNN.

    CNN

    Foreclosure Angel: Tracy Orr, left, and Marilyn Mock embrace after Mock bought back Orr's home at a foreclosure auction in Dallas on Oct. 25. Mock had never met Orr before but decided to come to her aid after seeing her in tears at the auction.

    WFAA-TV in Dallas, TX

    Orr, here at the auction, told WFAA-TV in Dallas-Fort Worth that she went to the sale to say goodbye to her home. "It means so much to all of us," Orr said. "It's not just a house."

    WFAA-TV in Dallas, TX

    Mock started bidding on the home, above, even though she had never even seen a picture of it. She ended up getting the property for less than $30,000. "I just kept asking [Orr], 'Is it worth it?' She said yes," Mock recalled.

    WFAA-TV in Dallas, TX

    Mock said she will meet with Orr soon to work out the details of the purchase. Why would she go to such lengths for a total stranger? "People need to help each other and that's all there is to it," Mock said.

    WFAA-TV in Dallas, TX

    Prospective buyers listen to bidding at the auction. Nationwide, more than 2,700 people lost their homes to foreclosure each day from July through September. Watch the video from CNN.

    WFAA-TV in Dallas, TX

    Halting Evictions: Cook County Sheriff Tom Dart of Illinois told reporters Oct. 8 that his deputies would stop evicting people from foreclosed properties. Why? He said tenants who had paid their rent are suffering because of property owners who are delinquent on their mortgages.

    CNN

    Authorities said the owner of this building in Albany Park, Ill., took the rent money from tenants and fled the country without paying the mortgage.

    CNN

    These families had faced eviction before authorities stepped in. "I don't think this is fair because we don't know what happened," said one woman. "We were paying rent every month." Watch the video from CNN.

    CNN

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