{"id":8520,"date":"2023-03-07T06:30:00","date_gmt":"2023-03-07T11:30:00","guid":{"rendered":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=8520"},"modified":"2023-03-07T06:30:00","modified_gmt":"2023-03-07T11:30:00","slug":"could-a-multigenerational-home-be-the-right-fit-for-you","status":"publish","type":"post","link":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=8520","title":{"rendered":"Could a Multigenerational Home Be the Right Fit for You?"},"content":{"rendered":"
\"Could<\/p>\n

During the pandemic, many of us reexamined the meaning of home<\/em> for ourselves and our loved ones. Today, that can be seen in the recent rise in multigenerational households<\/a>. According<\/a> to Jessica Lautz, Deputy Chief Economist and Vice President of Economic Research at the National Association of Realtors<\/em> (NAR):<\/p>\n

\u201cMulti-generational buying may be <\/em>a home where families live in the same home with elderly parents, children who have boomeranged back home, or other extended family members<\/em><\/strong>. While this is not a new concept of living, it is one which has gained recent popularity.\u201d<\/em><\/p><\/blockquote>\n

And citing data from Pew Research Center<\/em>, the Wall Street Journal<\/em> (WSJ) says<\/a>:<\/p>\n

\u201c. . . multigenerational living has made a comeback in recent years, particularly after the 2008 financial crisis and during the pandemic.\u201d<\/em><\/p><\/blockquote>\n

So, if buying a multigenerational home has crossed your mind, you aren\u2019t alone. Depending on what stage<\/a> of homeownership you\u2019re in, there are different reasons<\/a> it could be the right fit. The chart below shows responses to a recent survey from NAR about the reasons people have bought a multigenerational home:<\/p>\n

<\/a><\/p>\n

Whether your motives are financial or focused on the people you\u2019ll share your home with, a multigenerational home<\/a> has distinct advantages. It can make homeownership more affordable, and it can help you best support your loved ones. As Lautz explains<\/a>:<\/p>\n

\u201cMulti-generational home buying is a way for families to care for one another, support one another, and often buy a home that may have been previously out of reach. . . . The trend of multigenerational buying appears to be firmly established and one that could expand in the future.\u201d<\/em><\/p><\/blockquote>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

\"Could<\/p>\n

During the pandemic, many of us reexamined the meaning of home<\/em> for ourselves and our loved ones.\u00a0<\/p>\n<\/div>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"bgseo_title":"","bgseo_description":"","bgseo_robots_index":"","bgseo_robots_follow":"","footnotes":""},"categories":[130,3,123,88,84,124,89],"tags":[],"class_list":["post-8520","post","type-post","status-publish","format-standard","hentry","category-baby-boomers","category-blog","category-demographics","category-first-time-home-buyers","category-for-buyers","category-millennials","category-move-up-buyers"],"_links":{"self":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts\/8520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8520"}],"version-history":[{"count":0,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts\/8520\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}