Skip to player
Skip to main content
Search
Connect
Watch fullscreen
Like
Bookmark
Share
More
Add to Playlist
Report
Which Homeownership Path Is Right for Your Family?
Pennygem
Follow
2 days ago
People are starting to get creative to set foot on the property ladder and are exploring options like fractional homeownership and multigenerational homeownership. PennyGem’s Johana Restrepo has more.
Category
📚
Learning
Transcript
Display full video transcript
00:00
People are starting to get creative to set foot on the property ladder.
00:07
According to Forbes, people are exploring two options, fractional homeownership and
00:13
multi-generational homeownership. Those exploring fractional homeownership can look into companies
00:19
like Picasso, which helps people own second homes by allowing them to own a portion of a house.
00:25
It sounds like a timeshare, but they specifically focus on family homes and the amount of time you
00:30
get to use the home depends on how much of the home you own. The minimum you're allowed to
00:35
purchase is one-eighth. They handle everything for you, like legalities, payments, and maintenance.
00:41
You just have to really do your research because some of the homes are valued as high as $750,000
00:47
a share. The New York Times reports that multi-generational homes where two or more
00:53
generations live together are on the rise because the cost of long-term care is rising and so are
00:59
the prices of homes. If you think the process of buying a home with your family will be a
01:04
positive experience and will be happy living with them, it's a win-win.
Be the first to comment
Add your comment
Recommended
1:19
|
Up next
Here’s Why Couponing Should Be Part of Everyone’s Shopping Routine
Pennygem
13 hours ago
1:12
What Homeownership Option Is Best for Your Family?
Pennygem
1 year ago
1:12
These Are Some of the Most Popular Homeownership Alternatives That You Should Look In To
Pennygem
8 months ago
1:45
Are You Leaving Money On the Table By Renting vs. Buying a Home?
Pennygem
3 years ago
1:07
How To Get Your Home Ready for Retirement
Pennygem
2 years ago
1:07
Getting Your Home Ready for Retirement
Pennygem
5 years ago
1:00
Should You Buy A Home?
Stringr
3 years ago
0:44
Houston Chef Tristen Epps Wants Guests to Have an "Aha" Moment
Southern Living
2 days ago
0:19
3-Ingredient No Cook Boursin Appetizer Recipe
Southern Living
2 days ago
1:27
The Jonas Brothers Make Martha’s Famous Eggnog
Martha Stewart Living
1 day ago
0:39
Birmingham During the Depression with Fannie Flagg
Southern Living
1 week ago
1:22
Meredith Marks Makes Martha's Perfect Caviar Baked Potato
Martha Stewart Living
4 weeks ago
23:30
Martha Stewart's Ultimate Halloween | Spooky Recipes & Decorating!
Martha Stewart Living
5 weeks ago
1:14
The Reason You Need Renters Insurance — Wherever You Live
Pennygem
13 hours ago
0:55
Why Being Honest About Money Struggles With Friends Matters
Pennygem
2 days ago
1:31
These Negotiation Tricks Are More Common Than You Think
Pennygem
2 days ago
1:23
These Durable, Long-Lasting Products Are Truly Worth Every Penny
Pennygem
2 days ago
0:57
The Best Tips and Tricks for Reviewing a New Job Offer
Pennygem
2 days ago
1:18
How Much Do You Really Need for a House Down Payment?
Pennygem
2 days ago
0:53
Living Near Water Might Be Beautiful — but It Can Add Major Stress
Pennygem
2 days ago
1:08
The Gap Between CEO and Worker Pay Has Become Staggering.mp4
Pennygem
1 week ago
1:08
Want to Save Thousands? Cut These Common Expenses
Pennygem
1 week ago
1:18
Scientists Think They’ve Found a Way to Pick Out Alien Signals in Our Galaxy.mp4
Pennygem
1 week ago
0:56
How Rich People Save Their Money—And What You Can Learn From Them.mp4
Pennygem
1 week ago
1:16
How to Avoid Signing Up for a Predatory Credit Card.mp4
Pennygem
1 week ago
Be the first to comment