With the booming sharing economy, most people are familiar with popular home sharing sites such as Airbnb which offers temporary housing in widespread locations. But let’s take it to another level: permanent home sharing.
In this context, home sharing refers to the phenomenon of aging adults choosing to share their homes with similar people. Those that opt for this type of arrangement include widows, the recently divorced, single people, and others who simply want to cut their monthly costs as retirement nears. In many cases, retirees may choose to home share to save money and offer flexibility without having to worry about a mortgage.
Shared housing can appeal to multiple demographics, although it is prevalent among women. Statistics may help shed some light as to why.
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The Federal Housing Finance Agency (FHFA) Office of Minority and Women Inclusion (OMWI) has released their strategic plan for FY 2016 – FY 2018. It outlines their commitment to making minority and women inclusion a fundamental part of the agency’s culture and delineates the ways the OMWI will champion diversity and inclusion standards defined in the Housing and Economic Recovery Act of 2008 and the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
