Texas woman, 70, uses $150,000 retirement savings to build tiny-home community
A 70-year-old Texas woman used $150,000 of her retirement savings to establish 'The Bird's Nest,' an all-women tiny-home community. The project aims to provide affordable, supportive housing for women facing life transitions like widowhood or divorce.
Why it matters
It addresses the growing issue of housing affordability and social isolation among aging women in the United States.
Be it a divorce, a breakup, widowhood or single parenting, women are often left in situations where they have nowhere to go, no other home that they have invested in and no other residence whose doors are open for them. This is why Robyn Yerian, a 70-year-old Texas woman spent about $150,000 from her retirement savings to build an all-women tiny-home community. Eleven residents now live there and rely on each other for company and practical help, according to a report by inkl.com.Called the Bird's Nest, the community is located on five acres in Cumby, a small town roughly an hour northeast of Dallas. She opened it in 2022, drawing money from her 401(k) retirement account after working out that her savings alone would not carry her through retirement.A single empty-nester, she said the idea grew out of her worry about the rising cost of living around Dallas.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in