Living on the same property, whether in a granny suite or under the same roof, has gained popularity.
Multigenerational housing, which consists of two or more adult generations, 25 years or older, in one household has risen to a record 64 million people in 2016, according to a Pew Research Center analysis of census data. This is a 23 percent increase from 2009, when 52 million people lived in multigenerational housing. The trend has been on the rise since the 1970s.
The reasons can be attributed to a number of things, says Domonique Rodriguez with Berkshire Hathaway in Ventura, California. Among them:
- A shortage of affordable housing.
- Wage stagnation.
- Adult children wanting to care for their parents.
- Grandparents helping out with