Topic: The Great Depression
NEW YORK (Reuters) - The recession slowed most homebuilding in the United States to a standstill but it has fueled demand for a special kind of housing: the granny flat. As unemployment hovers around 10 percent and healthcare costs spiral upward, homebuyers like Stephanie Charbeneau want to cut costs by sharing shelter with her extended family. Charbeneau, a 27-year-old court recording ...
NEW YORK (Reuters) - More generations are living under the same roof and the trend will deepen as families grappling with near double-digit unemployment share expenses, a study showed on Monday. Demand is escalating for multi-generational housing as buyers scale down during the deepest housing crisis since the Great Depression, according to a survey by Coldwell Banker Real Estate in Parsippany ...
As the economy continues to struggle, and unemployment is at an all-time high, I find myself speaking to groups of people that are confronted with economic realities harsher than anyone in America has faced since the Great Depression. These folks have often watched their homes, cars, and certainly their savings slip through their fingers, and many of them feel that ...
