Is living small the new BIG?

Over the past couple of years, I have simplified my life. For awhile I had no car,  no cable and lived in less than 900 sq. feet which allowed me to really de-clutter.  I have been on a new venture to simplify even more. In doing so, I will be moving from a large country home of 4 beds, 3 baths to a 1 bedroom casita in a UNESCO Heritage city. A place where you can walk everywhere and capture every wonderful moment because your life has been simplified. You have more time and more money to really enjoy all that matters. And for me, it allows me to go after bigger dreams and ventures without being attached to things.
We know that with technology things are getting smaller. We also know that with cars, the SUV may still reign but with the Smart Car and oncoming Scion IQ), we know that smaller can still give us comfort and convenience.  Now what about those monster suburban homes.  Is it necessary to have these spacious homes with the extra rooms in case we have a guest? Strangely the guest room, in most cases, becomes a space rarely used; mind you it is pretty with its hotel style comforter and designer pillows. To go along with that big home,  we have a second or third car to get around since we aren't in a pedestrian neighbourhood with quaint local shops.  We need to drive our children everywhere. We pay more out with gas, insurance, maintenance on the home and cars, taxes, utilities...and the list goes on.  
This gal's savvy mind says, "Let's live a smaller BIGGER life." Let's downsize and move downtown or to a city with excellent pedestrian and transit services. No car needed. Shopping becomes more local thus you support local. You have more freedom. Less stress, less headache. When I grocery shop at a small store I am in and out in minutes. If I go to one of those big box stores, I have to walk a couple of minutes to one side of the store to get the butter and then back a couple of minutes to the other side to the 20 cashiers, of which only 3 are open.
Now don't get me wrong. There is nothing wrong with the million dollar home. (I recently was invited to a broker's open house of a 1.6 million dollar home in Mexico, and it was stunning....calling out my name and luring me in. It can serve a purpose ) nor driving the lovely luxury car. I just find that sometimes people have a bigger dream and different vision for their life and that they could easily attain it by living the smaller BIGGER life.

To your success in simplifying,
Floydilou