Multigenerational Buying on the Rise
Prior to World War II, many extended families, lived together under one roof. And over the last few years, it has gained steam because of a number of factors – the pandemic and high housing costs among them.
Prior to World War II, many extended families, lived together under one roof. And over the last few years, it has gained steam because of a number of factors – the pandemic and high housing costs among them.
Boosting first-generation and first-time homebuyers has become popular among banks and politicians looking to boost their communities. But without commensurate effort to boost home building, these efforts will come to naught in the face of plenty of all-cash offers.
From Boston’s mayoral race to the Biden administration’s Build Back Better agenda, boosting homeownership rates is being held up as the most important solution to reducing the wealth gap between white households and people of color.