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Married Couples now Have Roommates

Back in 2008, before the collapse of real estate, we thought home prices were high.  This article talks about West Coast real estate – especially in California and Seattle.  It is so expensive to buy a home in California that married couples are having to take on roommates to help with the costs of home ownership.   The article states that the number of married couples living with roommates has doubled since 1995.  Approximately 280,000 married couples now live with a roommate.  The one thing that most people agree on is that you must set ground rules that everybody agrees on and to keep the communication open.   We are a bit concerned that housing prices have increased so fast.  We do believe that the quality of buyers is better than it was pre-2008, but a downturn in home prices can still have a devastating effect on people’s financial situation. 02.12.19