Married Couples Living With Roommates On West Coast

Housing is expensive, and its caused married couples to save money on rent and mortgage payments by living with roommates. The number of married couples living with roommates has doubled since 1995, according to a recent report from real estate site Trulia, and about 280,000 married people now live with a roommate especially in pricey cities on the West Coast, reports MarketWatch editor Catey Hill.
In Honolulu and Orange Country, Calif., the share of married couples with roommates is between four and five times the national rate. San Francisco, Los AngelesSan Diego and Seattle also have sky high rates of married couples with roomies. Those same cities all have well above average rental and housing costs (Trulia notes that housing costs in all these markets have risen more than 30% since 2009), with residents of uber-pricey San Francisco requiring more than $123,000 in income to live comfortably, one study showed.
“While only a small share of married couples live with non-family members, the ones that do often take on roommates either as a financial strategy to cope with housing costs or as a means of assisting others burdened by housing costs,” Trulia reports.

Comments

Popular posts from this blog

34 Trends That Will Define Home Design In 2020

10 Things You Should Buy Now To Get Through COVID-19 Cabin Fever This Winter

Black Homeownership Plunges To Record Low