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Saturday, March 29th, 2008 at 4:22 AM

Granny Flats

 

My unscientific observation for CV is the traffic is about the same as this time last year, but type of buyer is different: older families, in-law families, people who plan to occupy for the rest of their life.

March 27, 2008 | Unregistered CommenterCVman
This is a segment of the buyer pool that should see steady growth as aging baby boomers need assistance with basic living needs - and decide to move in with Sonny.  The younger generation then takes care of the aging baby-boomer parents in exchange for money for a sizable down payment.

But the houses need certain features – here’s a list: one-story, attached or detached guest suite, privacy, safe area, and easy access.

If you wanted to hedge your bets down the road, either buy a house that suits this need, or be able to adapt the one you have.

Posted on Saturday, March 29th, 2008 at 4:22 AM in Thinking of Buying? | 6 Comments » | Print Print You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Reader Comments: 6 Responses

  1. Couldn’t agree more, Jim!

    CA renter | March 29th, 2008 at 6:28 am

  2. I’m in this boat right now. The good new is my in-laws will be able to put a big down payment on a house and we’ll carry the mortgage. The bad news? I’ll be living with my in-laws.

    mccamman | March 29th, 2008 at 3:51 pm

  3. Good luck with that, mccaman. I think I’d rather live under a highway overpass than listen to my wife and mother do battle for the next 20 years.

    Clive | March 29th, 2008 at 4:41 pm

  4. The builder’s sales offices know their customers. The picture frames in the model homes all have photos of 3 generation families.

    CVman | March 31st, 2008 at 6:35 pm

  5. Well sure, it takes Grandma and Grandpa’s social security, Mom and Dad’s salaries and little Junior’s lemonade stand money combined to make the mortgage payments.

    GeneK | March 31st, 2008 at 10:24 pm

  6. How about two stories with a downstairs bedroom? Much better use of expensive lot than a true "ranch".

    nitts | April 10th, 2008 at 6:39 am

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