I think efficient housing is the way of the future, and if done well you do not
need to sacrifice much, and can actual gain by living simpler, and saving
money. Micro efficient housing also should allow one to live by themselves,
rather than with roommates, so a greater sense of privacy.
This page has a ton of ideas.
Inside the mobile home park business
Rent Too High? Move to Singapore
Economics on Buying vs Renting a House
Cascade Park City, a house for sale $25 million, gets its own video