Multigenerational Housing
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@Axtremus said in Multigenerational Housing:
It takes a village to raise the young.
It takes a village to care for the old.No. No it doesn’t. Get your hands off my kids and off my parents.
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@Mik said in Multigenerational Housing:
God love ya for taking care of them. Thats a loving thing to do.
Thanks, Mik. It is curious though - I definitely have an individualistic side to me since I grew up in the West. I've noticed my parents have grown one as well - they've become very particular about their own routine.
It would be an interesting adjustment on both ends to make it work.
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If I had the money and the space, I'd look very hard at a MIL house.
Just a hair bigger than a tiny home at about 400-600sqft, you build it from the get-go for ease of use. Wider doors, easy access cabinets, walk-in tubs, taller toilet, etc.
It gives the parent(s) a lot more privacy and it's their "home", yet it's right there by the child's home. And if and when something happens to the parents, it's easily converted to rental property.
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Maybe now is the time to lock in a fat 30 year mortgage. Those dollars are going to be confetti in a couple decades.
@Horace said in Multigenerational Housing:
Maybe now is the time to lock in a fat 30 year mortgage. Those dollars are going to be confetti in a couple decades.
We were lucky to lock in at 2.75% in March 2021, or unlucky in that it was probably like 2.15% a month prior. Anyway... my strategy is to buy a million dollars of stamps, then resell them in 10 years.
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@Horace said in Multigenerational Housing:
Maybe now is the time to lock in a fat 30 year mortgage. Those dollars are going to be confetti in a couple decades.
We were lucky to lock in at 2.75% in March 2021, or unlucky in that it was probably like 2.15% a month prior. Anyway... my strategy is to buy a million dollars of stamps, then resell them in 10 years.
@89th said in Multigenerational Housing:
@Horace said in Multigenerational Housing:
Maybe now is the time to lock in a fat 30 year mortgage. Those dollars are going to be confetti in a couple decades.
We were lucky to lock in at 2.75% in March 2021, or unlucky in that it was probably like 2.15% a month prior. Anyway... my strategy is to buy a million dollars of stamps, then resell them in 10 years.
Awesome. Interest rates can be refinanced down the road when they come down. The principal is forever.
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