Great idea! I’d like to get on and put wheels on it. Err wait, that’s a camper. Nevertheless brilliant.

With even Bank of England head Mark Carney admitting UK housing prices may be a little bubbley (and affordability plumbing new depths), RT reports that a hostel in east London has come up with the ingenious idea, to try and solve homelessness amid soaring rents in the British capital, of converting a shipping container from China into a tiny low cost home for hard up and desperate Londoners. The boxes, called mYpads, cost GBP75 per week – around one-quarter of the rent of most distant yet commutable borough in London – and are affordable for even those on minimum wage.

via Living In A Steel Box: Londoners Live In Shipping Containers Due To Soaring Rents | Zero Hedge.