You will own nothing

And you'll be happy:

The rectangular-shaped room is fitted with a shower, a sink, and a toilet. There is one window, and a shelving unit above the latrine. But this room isn’t just any old bathroom. It’s actually an apartment listed for rent in Hamilton’s east-end.

Just steps away from the shower, there is a kitchenette with a handful of cupboards, what appears to be a toaster oven and a mini-fridge — no full kitchen. To the back of the room, there appears to be space for a bed — as long as it is a small one. The whole apartment is 13 square metres (or 140 square feet — think of a 12 foot by 12 foot room).

[Emphasis mine.]

Prices in my neighborhood in Ontario in 2012 vs. 2022:

• 1-bedroom apartment: $600 --> $1,500
• 2-bedroom apartment: $800 --> $1,700
• 3-bedroom apartment: $1,100 -->$2,200

So, a 140 square feet "apartment" for $550 is a steal!