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Real Estate
Reply to "Americans locked into lower mortgage rates have been increasingly unwilling to sell their homes."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]One new luxury condo building in Manhattan a few years back did 50 percent 2-3 bedrooms units and 50 percent studio units. With first rights for studios to purchasers or large units. Thought as nanny would live in unit. Instead they were bought mainly by parents of the purchasers. One couple said they live down hall their grown kids, baby sit grandkids, use gym, pool, doorman, of building and do thanksgiving and Xmas in building. They are on same floor so even hallway extension of living space as kids can go back and forth on own. Really is smart [/quote] A studio though? After the parents probably helped the couple buy the larger unit too![/quote] It is kinda like living with kids but not. Some do one bedrooms.[/quote] I can see that. If you are just down the hall from your kids and their family, it's not like you need a ton of room to host. With a 1 bedroom or even a junior 1 bedroom, you could still host your own kids (or the grandkids) for meals and other visits, but it's not like you need an extra bedroom for when people come to stay over. It's basically like an in-law unit, only it's down the hall instead of in the basement. Most IL units are one-bedrooms. I'd rather live in my own apartment down the hall, even if it was only 400-500 sq ft, than in the basement of my kids' house. I'd actually have more privacy, plus nicer living conditions. Especially for a widow or widower, it's a perfectly reasonable amount of space.[/quote]
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