WEBVTT 00:00:00.000 --> 00:00:01.879 Hello and welcome to the Spotlight Vancouver 00:00:01.879 --> 00:00:05.360 podcast. I am your host, Doug Varinas, licensed 00:00:05.360 --> 00:00:07.799 real estate agent in Washington and Oregon. And 00:00:07.799 --> 00:00:10.199 today we're going to talk about multi -generational 00:00:10.199 --> 00:00:13.919 living, who is buying multi -generational homes, 00:00:14.199 --> 00:00:16.899 why they're buying them, and what to look for 00:00:16.899 --> 00:00:19.899 in a multi -generational home. Let's get to it. 00:00:20.460 --> 00:00:23.920 First of all, multi -generational homes are hot 00:00:23.920 --> 00:00:27.679 right now. And I see this trend continuing into 00:00:27.679 --> 00:00:29.539 the future. It's something I've spoken about 00:00:29.539 --> 00:00:31.899 multiple times, especially as an occupational 00:00:31.899 --> 00:00:35.280 therapist, watching this silver tsunami come 00:00:35.280 --> 00:00:38.240 online. We got more and more boomers retiring, 00:00:38.539 --> 00:00:41.020 getting older, getting into the health care system, 00:00:41.179 --> 00:00:45.369 having increased health care needs. in combination 00:00:45.369 --> 00:00:47.350 with some other factors is leading to a boom 00:00:47.350 --> 00:00:49.710 in multi -generational housing and we're going 00:00:49.710 --> 00:00:52.289 to continue to see this and how i define multi 00:00:52.289 --> 00:00:54.570 -generational housing or a multi -generational 00:00:54.570 --> 00:00:56.890 home is having three or more generations living 00:00:56.890 --> 00:00:59.689 under the same roof so that could be parents 00:00:59.689 --> 00:01:02.329 with their kids and grandparents any combination 00:01:02.329 --> 00:01:06.030 of generations really and it is a trend again 00:01:06.590 --> 00:01:09.409 Going to continue seeing a lot of it. And the 00:01:09.409 --> 00:01:12.750 two people or the two main groups I see buying 00:01:12.750 --> 00:01:16.230 multi -generational homes are one, they are older 00:01:16.230 --> 00:01:19.549 adults who are downsizing. But what they're actually 00:01:19.549 --> 00:01:21.290 doing is they're looking to downsize, but at 00:01:21.290 --> 00:01:24.370 the same time, bring in their younger children 00:01:24.370 --> 00:01:27.609 into the mix. So they might be they already own 00:01:27.609 --> 00:01:31.530 a home. They're looking to downsize or relocate. 00:01:31.569 --> 00:01:34.629 They have children living somewhere who are, 00:01:34.629 --> 00:01:38.060 you know, because of just how. expensive housing 00:01:38.060 --> 00:01:39.959 has gotten, they're struggling to come up with 00:01:39.959 --> 00:01:42.920 the money to buy a home by themselves. So what 00:01:42.920 --> 00:01:45.859 they're doing is these older people are selling 00:01:45.859 --> 00:01:49.260 their homes. They are buying new homes, bigger 00:01:49.260 --> 00:01:52.680 homes to accommodate themselves as well as their 00:01:52.680 --> 00:01:55.180 children. And so that's one group of people I 00:01:55.180 --> 00:01:57.319 see buying multi -generational homes. I've seen 00:01:57.319 --> 00:02:00.120 a number of these people and are helping them 00:02:00.120 --> 00:02:03.760 find these very specific homes with very specific 00:02:03.760 --> 00:02:07.019 floor plans. Of course, everybody is an individual 00:02:07.019 --> 00:02:09.939 and looking for their own thing but in general 00:02:09.939 --> 00:02:12.479 that's the first group in the second group are 00:02:12.479 --> 00:02:16.620 parents Excuse me. Are people, usually middle 00:02:16.620 --> 00:02:19.080 -aged people with older parents who are sort 00:02:19.080 --> 00:02:21.139 of looking down the road, they might also be 00:02:21.139 --> 00:02:24.500 looking to downsize or move. And they're doing 00:02:24.500 --> 00:02:27.360 that with their parents in mind. So their parents 00:02:27.360 --> 00:02:29.300 may be living somewhere else. They're getting 00:02:29.300 --> 00:02:31.539 a little bit older. Maybe those parents are looking 00:02:31.539 --> 00:02:34.900 to sell their property. And so the older middle 00:02:34.900 --> 00:02:37.020 -aged parents are looking for homes that can 00:02:37.020 --> 00:02:40.599 accommodate their aging parents. It's just sort 00:02:40.599 --> 00:02:43.939 of the same thing, kind of in reverse. So you 00:02:43.939 --> 00:02:45.800 have parents looking to bring their children 00:02:45.800 --> 00:02:48.879 in because they're having trouble financially 00:02:48.879 --> 00:02:51.819 affording a home and need a little bit of help. 00:02:51.840 --> 00:02:54.199 And so they can all live together. And then you 00:02:54.199 --> 00:02:56.840 have people with their aging parents who are 00:02:56.840 --> 00:02:59.360 looking to buy their next home with their aging 00:02:59.360 --> 00:03:02.139 parents in mind. Those are the two main groups 00:03:02.139 --> 00:03:04.560 I'm seeing and I'm seeing more and more of them. 00:03:04.780 --> 00:03:08.539 And so why do multigenerational housing? Well, 00:03:08.659 --> 00:03:11.680 first, as I mentioned for everybody, but especially 00:03:11.680 --> 00:03:14.680 younger people, the cost of buying a home has 00:03:14.680 --> 00:03:18.219 gotten really expensive relative to wages. So 00:03:18.219 --> 00:03:21.439 owning a home for many people is becoming more 00:03:21.439 --> 00:03:24.159 and more out of reach, you know, and that's that's 00:03:24.159 --> 00:03:26.120 for a lot of different reasons that I won't get 00:03:26.120 --> 00:03:29.039 into. But let's just say overall that, you know, 00:03:29.039 --> 00:03:32.580 relative to the median wage in America, that 00:03:33.199 --> 00:03:35.439 purchasing a home has never been more expensive. 00:03:35.780 --> 00:03:40.460 And so if they have parents who own homes or 00:03:40.460 --> 00:03:42.639 own their own home, maybe they own more than 00:03:42.639 --> 00:03:45.400 one home and they are looking to downsize or 00:03:45.400 --> 00:03:47.319 they're looking to relocate, they have their 00:03:47.319 --> 00:03:50.120 own limitations in mind and they want to sort 00:03:50.120 --> 00:03:53.379 of help out their children at the same time. 00:03:53.919 --> 00:03:56.259 They will look for a multi -generational home 00:03:56.259 --> 00:03:58.439 because that really helps the kids out before 00:03:58.439 --> 00:04:01.479 the parent, you know, leaves it in an estate, 00:04:01.639 --> 00:04:03.639 like in their will. And more and more these days, 00:04:03.639 --> 00:04:06.849 I'm wills and estates just. You know, you need 00:04:06.849 --> 00:04:09.569 to give it away. Like if you have an estate and 00:04:09.569 --> 00:04:12.270 you have children who are, you know, young, young 00:04:12.270 --> 00:04:15.810 adults kind of struggling or even not like the 00:04:15.810 --> 00:04:18.610 best time to give away your wealth and to pass 00:04:18.610 --> 00:04:21.829 that down is when the kids need it, because odds 00:04:21.829 --> 00:04:25.360 are when you pass away, they'll already. be established 00:04:25.360 --> 00:04:27.759 in some way and it won't help them as much. Like 00:04:27.759 --> 00:04:29.879 if you can help them now, go ahead and do it. 00:04:29.959 --> 00:04:32.360 So I do enjoy seeing that as a trend where these 00:04:32.360 --> 00:04:35.759 folks are buying homes for their younger children 00:04:35.759 --> 00:04:38.279 so they can cohabitate. So there's a huge monetary 00:04:38.279 --> 00:04:41.060 reason to buy multi -generational housing just 00:04:41.060 --> 00:04:45.560 from an affordability standpoint. And healthcare, 00:04:45.759 --> 00:04:48.600 too. The cost of healthcare has gone up. The 00:04:48.600 --> 00:04:51.759 cost of individual care, as far as nursing homes, 00:04:52.079 --> 00:04:55.639 assisted living, is astronomical. And so another 00:04:55.639 --> 00:04:58.100 component of it, and you can put this in a cost 00:04:58.100 --> 00:05:03.259 -saving category or quality of care, but it also 00:05:03.259 --> 00:05:06.339 involves cutting down on that cost to have the 00:05:06.339 --> 00:05:08.279 family members taking care of each other. So 00:05:08.279 --> 00:05:11.129 having the younger family members. Taking care 00:05:11.129 --> 00:05:13.509 of older family members as far as like keeping 00:05:13.509 --> 00:05:16.029 an eye on them, you know, making sure their laundry's 00:05:16.029 --> 00:05:19.170 done, preparing meals, like basic stuff, non 00:05:19.170 --> 00:05:21.810 -medical stuff, but very important stuff, very 00:05:21.810 --> 00:05:25.029 important aspects in regards to health care, 00:05:25.209 --> 00:05:27.629 because having to pay somebody to do that or 00:05:27.629 --> 00:05:30.410 sending them to an assisted living is really 00:05:30.410 --> 00:05:32.769 expensive. And so I think for a lot of people, 00:05:32.810 --> 00:05:35.110 the option to have their older folks living closer 00:05:35.110 --> 00:05:37.389 to them and by living closer to them, I mean 00:05:37.389 --> 00:05:39.290 living under the same roof really solves a lot 00:05:39.290 --> 00:05:41.959 of problems. in regards to like peace of mind 00:05:41.959 --> 00:05:45.339 with healthcare quality and just being able to 00:05:45.339 --> 00:05:47.459 keep an eye on those older parents. And that 00:05:47.459 --> 00:05:50.319 sort of transitions into the non -monetary reasons 00:05:50.319 --> 00:05:53.240 for multi -generational living. And they are 00:05:53.240 --> 00:05:57.100 enormous. We live in a lonely culture. We tend 00:05:57.100 --> 00:06:00.000 to separate. We move away. We value independence. 00:06:00.600 --> 00:06:03.519 We don't value interdependence. And so more and 00:06:03.519 --> 00:06:07.639 more elderly folks are living lonely lives. And 00:06:07.639 --> 00:06:09.899 we all are. Like, it's not just limited to the 00:06:09.899 --> 00:06:13.100 elderly. I feel like everybody living in America, 00:06:13.139 --> 00:06:16.600 at least, is experiencing loneliness to a certain 00:06:16.600 --> 00:06:18.759 degree, like just because of the way society 00:06:18.759 --> 00:06:23.290 is set up. So I do feel like having multi -generational 00:06:23.290 --> 00:06:26.029 living, more than one generational living in 00:06:26.029 --> 00:06:30.290 the home, creates just a more warm and connected 00:06:30.290 --> 00:06:34.870 social infrastructure. So I may have my children, 00:06:35.149 --> 00:06:37.529 they live with me. And if I have grandma living 00:06:37.529 --> 00:06:40.910 with me, she can provide some child care. So 00:06:40.910 --> 00:06:42.790 that's, you know, another economic component 00:06:42.790 --> 00:06:45.209 because child care is also super expensive. So, 00:06:45.269 --> 00:06:48.569 man, we really have like a trifecta of cost cutting 00:06:48.569 --> 00:06:50.949 here with regards to just housing in general, 00:06:51.089 --> 00:06:53.790 pooling resources to buy a home, multigenerational 00:06:53.790 --> 00:06:56.050 home. We have the health care component cutting 00:06:56.050 --> 00:06:59.100 down on the health care costs by providing. supervision 00:06:59.100 --> 00:07:02.120 and basic amenities like laundry and food and 00:07:02.120 --> 00:07:04.439 just keeping an eye out and providing some help 00:07:04.439 --> 00:07:07.360 here and there, which is huge. And then child 00:07:07.360 --> 00:07:10.699 care, also expensive, also can solve that need 00:07:10.699 --> 00:07:14.180 if the grandparents or older generation is able 00:07:14.180 --> 00:07:17.899 to watch out for the children. This creates, 00:07:18.740 --> 00:07:21.500 I mean, an immense advantage for families, I 00:07:21.500 --> 00:07:24.060 believe, because they can save on some child 00:07:24.060 --> 00:07:27.939 care and also just the. having them closer to 00:07:27.939 --> 00:07:29.980 their grandparents. I just believe there's such 00:07:29.980 --> 00:07:33.639 a huge mental health. a benefit to that and a 00:07:33.639 --> 00:07:36.399 social benefit. And I don't have any, I don't 00:07:36.399 --> 00:07:38.240 have any stats on this, but I mean, if you look 00:07:38.240 --> 00:07:41.060 at blue zones, like, you know, Italy and Okinawa 00:07:41.060 --> 00:07:44.579 and in Japan and stuff, like they have more connection 00:07:44.579 --> 00:07:47.079 and they have more intergenerational connection. 00:07:47.339 --> 00:07:50.639 And so I think that just having everybody together, 00:07:50.839 --> 00:07:53.139 having the children more exposed to the older 00:07:53.139 --> 00:07:56.399 generation, having them interacting more often, 00:07:56.519 --> 00:07:59.279 sharing knowledge, sharing their experiences 00:07:59.279 --> 00:08:02.199 is just, you can't put a monetary. value on that 00:08:02.199 --> 00:08:04.379 so i think that's huge and not to mention like 00:08:04.379 --> 00:08:07.420 stronger marriages i don't live in a multi -generational 00:08:07.420 --> 00:08:10.579 household although i am thinking about it really 00:08:10.579 --> 00:08:13.019 i think that's going to be in my future as well 00:08:13.019 --> 00:08:15.139 and i think that's going to be tremendous but 00:08:15.139 --> 00:08:17.540 like just getting like date nights and time away 00:08:17.540 --> 00:08:20.300 from the kids like if your parents They live 00:08:20.300 --> 00:08:24.259 far away and, you know, you're not able to take 00:08:24.259 --> 00:08:25.879 advantage of them just being able to come over 00:08:25.879 --> 00:08:27.660 and watch the kids. Again, you're paying like 00:08:27.660 --> 00:08:30.759 quite a bit for a babysitter. It's nuts. Like 00:08:30.759 --> 00:08:35.360 even my 14 year old babysitter makes like, you 00:08:35.360 --> 00:08:37.159 know, a pretty good wage. She just upped her 00:08:37.159 --> 00:08:39.340 rates. So good for her. You know, I appreciate 00:08:39.340 --> 00:08:42.139 her. She's like a little entrepreneur. So good 00:08:42.139 --> 00:08:44.299 for her. But yeah, it's just an added cost. And 00:08:44.299 --> 00:08:47.580 so those monetary and non -monetary costs like 00:08:47.580 --> 00:08:49.820 they. They dovetail, and again, you can't put 00:08:49.820 --> 00:08:53.559 a monetary benefit on all the social advantages 00:08:53.559 --> 00:08:57.679 of having a multi -generational. home. I think 00:08:57.679 --> 00:09:00.840 it's a movement. I'm going to hot take. It's 00:09:00.840 --> 00:09:02.860 a movement. And I think it's kind of a revolution. 00:09:03.139 --> 00:09:05.679 And housing continues to be this expensive. And 00:09:05.679 --> 00:09:07.700 health care continues to be this expensive. And 00:09:07.700 --> 00:09:10.360 child care continues to be this expensive, which 00:09:10.360 --> 00:09:12.460 I don't see it getting cheaper anytime soon. 00:09:12.539 --> 00:09:14.519 I think it's going to be a revolution in living 00:09:14.519 --> 00:09:17.379 and how we live. And I can only see that being 00:09:17.379 --> 00:09:20.879 a good thing, obviously. You know, you got to 00:09:20.879 --> 00:09:23.139 be kind of conscious about it. And there's bound 00:09:23.139 --> 00:09:25.539 to be some conflicts and boundaries that need 00:09:25.539 --> 00:09:27.600 to be set. And, you know, everyone needs to be 00:09:27.600 --> 00:09:29.720 an adult. And I'm sure that sometimes you're 00:09:29.720 --> 00:09:32.580 going to just be like, you know, this is kind 00:09:32.580 --> 00:09:35.419 of crazy. But at the end of the day, I think, 00:09:35.419 --> 00:09:40.039 you know, the days of like, as far as living 00:09:40.039 --> 00:09:43.580 goes and being like independent and everybody's 00:09:43.580 --> 00:09:46.580 living in their separate little. home i i can 00:09:46.580 --> 00:09:50.440 see that getting less and less and again i think 00:09:50.440 --> 00:09:53.679 that's beneficial for society if i may have an 00:09:53.679 --> 00:09:56.360 opinion on that because you know we definitely 00:09:56.360 --> 00:10:00.259 live in in a less cohesive more separate lonelier 00:10:00.259 --> 00:10:02.740 society and so i think multi -generational housing 00:10:02.740 --> 00:10:06.289 like solving a lot of problems. Some of them 00:10:06.289 --> 00:10:08.649 are practical, some of them are more esoteric, 00:10:08.649 --> 00:10:11.529 but I think it's a good thing. And so that brings 00:10:11.529 --> 00:10:13.950 us to the question of what should you be looking 00:10:13.950 --> 00:10:17.629 for in a multi -generational home? And just shameless 00:10:17.629 --> 00:10:21.450 plug, as an occupational therapist trained. especially 00:10:21.450 --> 00:10:25.190 trained in such things as aging in place and 00:10:25.190 --> 00:10:27.549 accessibility. If you're looking for a multi 00:10:27.549 --> 00:10:30.070 -generational home, you can always schedule a 00:10:30.070 --> 00:10:34.269 100 % no pressure free consult chat where we 00:10:34.269 --> 00:10:36.289 can talk about all these things. You can choose 00:10:36.289 --> 00:10:38.990 to use my services or not. I'm happy to help. 00:10:39.129 --> 00:10:42.009 You can do that by emailing me at doug at dougvarinas 00:10:42.009 --> 00:10:45.919 .com or going to TidyCal. like tidy calendar, 00:10:46.159 --> 00:10:49.860 tidycal .com backslash Doug Varinas to schedule 00:10:49.860 --> 00:10:52.690 a chat with me. I would love to just. get your 00:10:52.690 --> 00:10:55.470 thoughts, see how we might be able to work together 00:10:55.470 --> 00:10:57.710 and just be able to answer your questions in 00:10:57.710 --> 00:11:00.889 a super stress -free, casual way. So some of 00:11:00.889 --> 00:11:03.409 the things I would be looking for in a multi 00:11:03.409 --> 00:11:06.509 -generational home are having at least a primary 00:11:06.509 --> 00:11:09.529 suite and a main bathroom on the ground level. 00:11:09.669 --> 00:11:13.730 An entirely ground level home is great, but in 00:11:13.730 --> 00:11:16.850 my experience, I've seen it where it's good to 00:11:16.850 --> 00:11:19.129 have some separation between the generations. 00:11:19.250 --> 00:11:21.629 So again, this is going to be very individual. 00:11:21.639 --> 00:11:24.440 individual and according to everyone's needs. 00:11:24.720 --> 00:11:26.539 But in general, you're going to need to have 00:11:26.539 --> 00:11:28.980 some an accessible bedroom and bathroom on the 00:11:28.980 --> 00:11:31.700 ground floor. This is something that all of my 00:11:31.700 --> 00:11:35.100 multi -generational folks are looking for because 00:11:35.100 --> 00:11:36.820 you don't want to be walking up and down stairs. 00:11:37.320 --> 00:11:40.059 And so there are ways around that. There's like 00:11:40.059 --> 00:11:43.019 stair lifts and stuff where you can, you know, 00:11:43.019 --> 00:11:45.080 I'm thinking of a movie right now. I think it's 00:11:45.080 --> 00:11:46.519 like Home Alone or something anyway, where the 00:11:46.519 --> 00:11:47.980 little you sit on the thing and it takes you 00:11:47.980 --> 00:11:50.259 up the stairs. You know, I've seen elevators 00:11:50.259 --> 00:11:52.480 in places. that can get really expensive. So 00:11:52.480 --> 00:11:54.720 it's good to consult and think about these things 00:11:54.720 --> 00:11:57.159 beforehand so you can get a jump on them and 00:11:57.159 --> 00:11:59.700 kind of avoid those renovation expenses. So ground 00:11:59.700 --> 00:12:02.379 floor. Related to that is going to be stepless 00:12:02.379 --> 00:12:06.500 entries or one -step entries into living spaces 00:12:06.500 --> 00:12:09.460 and backyards. So an entrance should have no 00:12:09.460 --> 00:12:13.419 steps or one step. Access to the backyard should 00:12:13.419 --> 00:12:16.480 have no steps or one step. We're trying to eliminate 00:12:16.480 --> 00:12:19.539 steps if you haven't. caught on as much as possible 00:12:19.539 --> 00:12:24.440 just because they lower the risk of falls. For 00:12:24.440 --> 00:12:27.159 one, a lot of falls happen on stairs and steps. 00:12:27.840 --> 00:12:30.980 And they also provide for, you know, in the future, 00:12:31.179 --> 00:12:32.879 if for some reason you'd have to use a wheelchair, 00:12:33.179 --> 00:12:35.379 they add a little bit more of an easy accessible. 00:12:35.620 --> 00:12:38.360 It's easier to put to modify those areas for 00:12:38.360 --> 00:12:40.559 entrance instead of steps or stairs because then 00:12:40.559 --> 00:12:42.960 it gets a lot more challenging and costly. And 00:12:42.960 --> 00:12:46.840 so after that, I look for open concept. So wider 00:12:46.840 --> 00:12:49.740 hallways, like a minimum 36 inch hallway. The 00:12:49.740 --> 00:12:53.100 more open the spaces, the better. Again, this 00:12:53.100 --> 00:12:55.879 has to do with mobility and also fall risk and 00:12:55.879 --> 00:12:59.139 safety. So the more. narrow spaces you have to 00:12:59.139 --> 00:13:01.000 negotiate. It's going to make it difficult if 00:13:01.000 --> 00:13:03.779 you're using a cane or a walker or a wheelchair. 00:13:04.100 --> 00:13:07.720 And then just having more stuff in a smaller 00:13:07.720 --> 00:13:12.639 space increases the risk of falls. So open concept 00:13:12.639 --> 00:13:15.580 is preferable with clear sight lines into different 00:13:15.580 --> 00:13:18.779 rooms. Again, this is for safety and for ease 00:13:18.779 --> 00:13:21.220 of mobility. So I would definitely look at a 00:13:21.220 --> 00:13:24.159 more open concept. Home. Next up is going to 00:13:24.159 --> 00:13:28.110 be, so in the bathroom, huge. Huge area, huge 00:13:28.110 --> 00:13:31.250 concern for falls, slips, falls, injuries. I'm 00:13:31.250 --> 00:13:33.809 going to look for walk -in showers or roll -in 00:13:33.809 --> 00:13:37.809 showers. So, you know, a very small step or no 00:13:37.809 --> 00:13:40.830 step into the shower is going to be preferable. 00:13:40.850 --> 00:13:42.789 And if you can get that on that ground level 00:13:42.789 --> 00:13:45.070 bathroom, that's going to be the best option. 00:13:45.330 --> 00:13:48.169 But at least having one bathroom with a walk 00:13:48.169 --> 00:13:50.850 -in or roll -in shower, again, depending on your 00:13:50.850 --> 00:13:53.429 specific situation, you know, you're going to... 00:13:53.899 --> 00:13:56.139 There's other factors that are going to be involved 00:13:56.139 --> 00:13:59.379 in that bathroom, looking at, you know, non -skid 00:13:59.379 --> 00:14:01.480 surfacing for the shower. You know, you may have 00:14:01.480 --> 00:14:04.220 some sort of grab bars or a bench or a shower 00:14:04.220 --> 00:14:07.360 seat. That's a that's, you know, again, it's 00:14:07.360 --> 00:14:09.899 very personal. But at the bare minimum for the 00:14:09.899 --> 00:14:13.159 home, I would look at a walk in or roll in shower. 00:14:13.580 --> 00:14:16.320 And let's see, you know, and a lot of people, 00:14:16.360 --> 00:14:20.200 the last one on my list is. Something that people 00:14:20.200 --> 00:14:22.639 sometimes forget when looking at a multigenerational 00:14:22.639 --> 00:14:26.000 home for, you know, especially older generation, 00:14:26.120 --> 00:14:29.000 but for everybody is just being closer to amenities. 00:14:29.139 --> 00:14:31.820 So and that includes the, you know, the hospital 00:14:31.820 --> 00:14:34.740 or whatever health care is needed, but also just 00:14:34.740 --> 00:14:38.799 like close to parks, close to classes that the 00:14:38.799 --> 00:14:42.159 person is taking or, you know, a walkable neighborhood 00:14:42.159 --> 00:14:46.320 that's, you know, more that has sidewalks. So 00:14:46.320 --> 00:14:49.419 it's a little safer. You know, that's going to 00:14:49.419 --> 00:14:51.659 be, you know, people are going to have different 00:14:51.659 --> 00:14:53.700 interests, but you don't want to be far from 00:14:53.700 --> 00:14:57.500 those from those interests and amenities. You 00:14:57.500 --> 00:15:00.659 know, you want to kind of you want to have access 00:15:00.659 --> 00:15:04.799 to them, be able to easily. participate in those 00:15:04.799 --> 00:15:07.019 activities that are going to really enrich your 00:15:07.019 --> 00:15:10.840 life, especially if you're older. You don't want 00:15:10.840 --> 00:15:12.799 to have to be driving long distances. If for 00:15:12.799 --> 00:15:15.399 some reason you weren't able to drive, that's 00:15:15.399 --> 00:15:17.820 going to make it incredibly inconvenient to add 00:15:17.820 --> 00:15:20.220 these things further. So I always suggest that 00:15:20.220 --> 00:15:22.220 you're around the amenities that you use and 00:15:22.220 --> 00:15:25.200 enjoy when looking at a multi -generational home. 00:15:25.320 --> 00:15:26.899 Because a lot of these homes, some of them are, 00:15:26.980 --> 00:15:29.059 you know, they might be on acreage or something 00:15:29.059 --> 00:15:31.620 and they're kind of out. You know, they're out, 00:15:31.860 --> 00:15:34.500 they're further away from the amenities. So it's 00:15:34.500 --> 00:15:36.240 something to consider when looking for these 00:15:36.240 --> 00:15:40.009 multi -generational homes. So that about wraps 00:15:40.009 --> 00:15:43.190 it up. Multi -generation is here to stay. There's 00:15:43.190 --> 00:15:46.350 several reasons to buy a multi -generational 00:15:46.350 --> 00:15:49.769 home. And that could be for parents who are looking 00:15:49.769 --> 00:15:51.169 to downsize and who are looking to help their 00:15:51.169 --> 00:15:53.009 children out by including them on the purchase 00:15:53.009 --> 00:15:55.429 of a home. Or this also includes the sandwich 00:15:55.429 --> 00:15:57.370 generation, middle -aged folks who are looking 00:15:57.370 --> 00:16:01.470 to buy a new, usually bigger home to accommodate 00:16:01.470 --> 00:16:04.370 an aging parent. I mentioned some of the cost 00:16:04.370 --> 00:16:07.049 reasons and some of the... the non -monetary 00:16:07.049 --> 00:16:09.730 reasons that multi -generation is going to take 00:16:09.730 --> 00:16:11.710 off. I hope you enjoyed this. Let me know in 00:16:11.710 --> 00:16:13.929 the comments what you think about multi -generational 00:16:13.929 --> 00:16:17.090 living and where you think it's going. And especially 00:16:17.090 --> 00:16:19.990 if you live in a multi -generational home, I'd 00:16:19.990 --> 00:16:22.590 love to hear about your experience. Drop something 00:16:22.590 --> 00:16:24.809 in the comments. Let me know what your experience 00:16:24.809 --> 00:16:26.830 is like. And I look forward to seeing you soon. 00:16:26.889 --> 00:16:28.590 You guys take care. See you on the next show.