{"id":14818,"date":"2021-10-20T15:00:00","date_gmt":"2021-10-20T19:00:00","guid":{"rendered":"https:\/\/www.renthop.com\/content-manager\/?p=14818"},"modified":"2021-10-20T15:01:34","modified_gmt":"2021-10-20T19:01:34","slug":"why-mixed-generation-housing-in-nyc-is-great-for-everyone","status":"publish","type":"post","link":"https:\/\/www.renthop.com\/blog\/why-mixed-generation-housing-in-nyc-is-great-for-everyone\/","title":{"rendered":"Why Mixed Generation Housing in NYC is Great for Everyone"},"content":{"rendered":"\r\n

Grandma and Grandpa don\u2019t want to live on the other side of the city from their grandkids anymore. And why should they? Intergenerational housing in New York City<\/a> is not a new thing, but it is increasingly popular, especially in the wake of the pandemic.\u00a0<\/p>\r\n\r\n\r\n\r\n

As Baby Boomers retire in droves, Gen X and millennials get on with raising kids, and Gen Z knocks on the door of independent living<\/a>, everyone is looking for ways to make life better. Multi-generational housing offers enriching opportunities to connect with family at different stages of life, and that\u2019s good for everyone. Native New Yorkers are ready to head back to Bay Ridge<\/a>, the West Village<\/a>, and beyond to raise their kids close to their extended family while balancing work demands, and often, it\u2019s smart to do that under the same roof.<\/p>\r\n\r\n\r\n\r\n

Spreading the Responsibility Around<\/h2>\r\n\r\n\r\n\r\n

Any time there are more than two adult generations living together under one roof, that qualifies as multi-generational housing according to the U.S. Census Bureau. Think about the college kid coming home or the family with young children moving the grandparents in. Where this was once considered a negative mark, more and more it\u2019s become socially acceptable for families to live together. Judgement is out and family living is in. That incredible apartment in Chelsea<\/a> with eight spacious closets and decadent hardwood floors might be out of your reach alone, but with the combined resources of your equally fantastic mother-in-law, it\u2019s suddenly affordable housing.<\/p>\r\n\r\n\r\n\r\n

Nuclear families now make up just 22% of American households. If buying a home in New York City on two incomes is a stretch, it’s almost impossible to imagine doing that with just one income. When you consider the booming housing market in NYC<\/a> and across the United States, it makes sense for families to think creatively about pooling resources. This extends to issues with childcare, which have become complex as work-from-home pressures and ongoing pandemic realities put pressure on families<\/a>. Having another family members living at home means they can make breakfast for the little ones while you hit those emails.\u00a0<\/p>\r\n\r\n\r\n\r\n

It\u2019s not only families with kids that split the bill on housing. Until recently, SNL favorite Pete Davison famously lived in his mother\u2019s basement on Staten Island<\/a>. Incidentally, he bought the four bedroom home for her in 2016 and had a self-proclaimed \u201cman cave\u201d on a lower floor that gave him plenty of room to stretch. He finally left the nest earlier this year for a two bedroom, two bathroom, 1.2 million dollar condo overlooking Manhattan<\/a>.\u00a0<\/p>\r\n\r\n\r\n\r\n

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