I happily live with my wife in a 160 sq ft RV and have met tons of happy couples over the past year doing exactly the same.
I am not saying that people cannot do it, when I was little we lived in an apartment with very tiny two bedrooms and a kitchen (4 people). I was sleeping on bunk beds ... Unless you are poor, are traveling in your RV, are an eco freak, or you're living in a densely populated area (China, Korea etc), there's just no reason for you to live in a tiny place.
This tiny house, however, would be great as a cabin where you can relax over the weekend, get away from city life.
I agree what JoeAltmaier is saying.