I can't say that I ever made a conscious decision to live in a small space. I did however, have a great desire to simplify life down to the things that mattered most to me, experiences and relationships; and also find a greater degree of freedom. Couple that with actually digging myself out of a mountain of debt while chasing the american dream, well, as I often say: Experience is the best teacher.
One of the questions I had to ask was, "is it going to be a house or a boat? It certainly can't be both!" This is not the 1980's anymore folks. Or even the early 21st century, where credit was freely available and we were able to live way beyond our means to falsely convey a facade of "wealth". Let me digress for a moment. If you were a child of the 1980's, or even parts of the 90's, it's likely that your childhood was a lie. Yep, I said it.
Everywhere, small homes and cottages, were being razed for McMansions in horribly planned unsustainable communities all over the US. New financial instruments were being created to allow families to take 2nd or even 3rd mortgages out against their existing homes to finance vacations, pools, furniture, electronics, cars..etc. Life was good; we had become full-on consumers. None of it was real though. It was an orgy of easy credit gone wild. Eventually, reality has a funny way of slapping you right in the face, as a lot of people found out in 2007. It was common knowledge that home prices only went one way, up!? That is, until they didn't.