Home sharing and renting to roommates has grown in popularity among baby boomers due to rising home prices, property taxes, and insurance costs making aging in place difficult.
John F. Wasik highlighted the story of Linda Wiens, who transformed her lower level into an apartment to share her home, noting, 'I wanted to have my house used in a better way.'
Record-high home prices have deterred retirees from selling their larger family homes, leading to increased cohabitation with others seeking affordable living arrangements.
Data shows that the average income for a homeowner looking to share is just over $46,000, while housing seekers earn around $40,000, indicating demand for affordable living.
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