Female Baby Boomers Are Pioneering a New Housing Model

Women of the baby boomer generation are finding new housing arrangements that suit lifestyles, and finances

Mar 8, 2014 at 1:00PM

For many, the term "housemates" conjures up memories of those youthful years before marriage and home ownership, when unrelated people lived in a communal situation, each paying his or her own way.

These days, baby boomers are bringing back that concept, with a twist: house sharing is occurring later in life, often as a hedge against aging-related physical restrictions – and loneliness.

Women are pioneering the new housing model
As they age, female boomers are often finding themselves facing longer working lives, often without a life partner. Whether single by choice, divorce or widowhood, these women are discovering that sharing a large house with a few of their peers is a great way to stretch limited funds.

A cooperative housing situation can also keep isolation at bay, providing companionship and a sense of belonging – as well as welcome assistance with household chores. For boomers, concerns about being alone when they are older are prompting many to create alternative living arrangements while they are still in their fifties – or younger.

Benefits abound, but so do compromises
While there are definite advantages to these communal lifestyles, there are also concessions that must be made to keep all participants happy. Some may be as basic as whether the group purchases a home together, with an equal interest, or if the majority become tenants of a single owner. Dividing up chores, rules about pets, overnight guests, and other minutiae of everyday life must all be negotiated, and settled. As in any home-sharing arrangement, personal privacy is especially important.

The idea is catching on, and some of the women who have successfully created these cooperative lifestyle changes are helping others do the same. Bonnie Moore is the founder of the Golden Girls Network, which will eventually host a database that members can use to find compatible housemates, in addition to an e-book and workshop on the concept. The National Shared Housing Resource Center offers a region-by-region list of representatives for those looking locally for home-sharing options.

Planning is key
Before embarking upon this type of lifestyle change, experts – including the women who have written books  about the experience – stress the need to plan ahead, which usually involves lawyers and financial planners. Having an enforceable home-sharing plan, as well as a personal financial roadmap, are two of the most important aspects of this creative housing option, which will doubtless mature with age, right along with the baby boomers.

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4 in 5 Americans Are Ignoring Buffett's Warning

Don't be one of them.

Jun 12, 2015 at 5:01PM

Admitting fear is difficult.

So you can imagine how shocked I was to find out Warren Buffett recently told a select number of investors about the cutting-edge technology that's keeping him awake at night.

This past May, The Motley Fool sent 8 of its best stock analysts to Omaha, Nebraska to attend the Berkshire Hathaway annual shareholder meeting. CEO Warren Buffett and Vice Chairman Charlie Munger fielded questions for nearly 6 hours.
The catch was: Attendees weren't allowed to record any of it. No audio. No video. 

Our team of analysts wrote down every single word Buffett and Munger uttered. Over 16,000 words. But only two words stood out to me as I read the detailed transcript of the event: "Real threat."

That's how Buffett responded when asked about this emerging market that is already expected to be worth more than $2 trillion in the U.S. alone. Google has already put some of its best engineers behind the technology powering this trend. 

The amazing thing is, while Buffett may be nervous, the rest of us can invest in this new industry BEFORE the old money realizes what hit them.

KPMG advises we're "on the cusp of revolutionary change" coming much "sooner than you think."

Even one legendary MIT professor had to recant his position that the technology was "beyond the capability of computer science." (He recently confessed to The Wall Street Journal that he's now a believer and amazed "how quickly this technology caught on.")

Yet according to one J.D. Power and Associates survey, only 1 in 5 Americans are even interested in this technology, much less ready to invest in it. Needless to say, you haven't missed your window of opportunity. 

Think about how many amazing technologies you've watched soar to new heights while you kick yourself thinking, "I knew about that technology before everyone was talking about it, but I just sat on my hands." 

Don't let that happen again. This time, it should be your family telling you, "I can't believe you knew about and invested in that technology so early on."

That's why I hope you take just a few minutes to access the exclusive research our team of analysts has put together on this industry and the one stock positioned to capitalize on this major shift.

Click here to learn about this incredible technology before Buffett stops being scared and starts buying!

David Hanson owns shares of Berkshire Hathaway and American Express. The Motley Fool recommends and owns shares of Berkshire Hathaway, Google, and Coca-Cola.We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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