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Default Why buy a house?

"ares" wrote:


wrote in message
...
One way seems to be three generation households, where two of the

generations
are paying towards expenses.



Tell me, is this common or only for certain cultures (which)? I don't hear
very much about this but I'd imagine it sure would help people in general to
handle living expenses since shelter is usually one of our biggest expenses,
and I wonder why more people don't do this.
ares


We have some close Mexican neighbors doing this, and in Miami there are a fair
number of situations that are similar. I'll have to say a lot of
inter-generational house sharing that I see is Hispanic, but I only use the
generic term because I still have difficulty separating out the various
Nicaraguan, Cuban, Puerto Rican, Columbian, Argentinean, and other
sub-cultures. The practice is more commonplace in situations where housing is
expensive compared to income. Mother-in-law apartments used to be somewhat
common where I grew up in Vermont, and farm families were typically three
generations to a house. Today, the McMansions often have a working son or
daughter resident, supposedly saving up to buy their own house. For people who
are blessed with close comfortable family ties, it is a great idea.