Not necessarily. Due to the recent global economic crisis caused by the collapse of the housing market (2007-2008 The Sub-prime Mortgage Scandal of Wall Street, NY, USA), a lot of people are joining the TINY HOUSE movement. They found out that - actually - one does not need a 200 square metre of space (about 1,900 foot square.) With clever design, mostly pioneered in Japanese architecture, one can comfortably live in a quarter of these "average" spaces. What one need permanently is a toilet/shower, because it is wet. The rest can be collapsible: one room serving several functions by changing the layout and furniture. For example, a double bed takes a lot of space. So, they come up with all kinds of Murphy Beds, folding into the wall. Some people go even further, to extremes, living in converted trucks or buses. Mobile homes. They all strive to minimise their carbon footprint on this earth - earth friendly life style - and to live free of housing debt (mortgage.) You can study this movement by checking posted videos @ Youtube. Keywords: TINY HOUSE, Murphy Beds, Convertible Furniture, and ... perhaps ... Living Tidy with Marie Kondo. Enjoy.
That sounds very interesting. I didn't know that. Thanks for sharing!