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Ways Homeowners Are Reevaluating The Way They Live And What They Are Doing Now To Reduce Their Expenses

By Guest

The economy has significantly touched just about everyone in this nation, whether you are a fast food worker or the Presdient of a large corporation, you have experienced financial loss in some way over the past couple of years. One o the biggest changes people are making is related to their living situations and what they are doing if they are faced with a financial crisis or just to live a more simple life on less money. This article will talk about a few of the things many people are doing whether it is residing with older and younger generations of their family under one roof or downsizing from a big house to a custom modular or custom modular home to save expenses.

One of the biggest trend that is being seen today as a result in the poor economy is the way families are deciding to combine their houses into one house and to share expenses. Many parents are now living with their adult children and their grandchildren to reduce the cost of paying bills on two properties. Three generations living in one house was not that uncommon a long time ago and today the increase in that living situation is continuing to go up as people are foreclosing on their homes or just trying to stay above their debt and lower pay checks.

Another change is the challenging job market is having on recent college graduates. It was recently noted that the college graduates that completed their degrees in the year 2009 had to move back home and to live with their parents from the limited job prospects for them to get. This puts a financial hardship on the parents who did not expect to have their adult child living with them again. Almost a year following their graduation, a lot of those graduates still have not found a good career in this economy and are forced to reside with their parents.

The real estate market is the most difficult one it has been in several decades and a lot of people owe more money on their properties than what they are presently valued at. Many people can not afford to stay in their current home and are forced to sell it for a lower price than they had purchased it for. Rather than be put in a situation of foreclosure, many people are now deciding to downsize into a more affordable place whether it is from a large home to a townhouse or a big condo to a modular home. They are attempting to stay one step ahead of financial demise by decreasing their living expenses.

This hard economy has forced a lot of people into some hard times financially and also assisted a lot of people to refocus on what is important to them. This has caused a lot of people to choosing to live a more simple life rather than to have all of the hottest material items and to live beyond their means.

Connor R. Sullivan has noticed an increase of a custom modular house because it is a more affordable option. He has purchased a custom modular home to use as a vacation house by the beach with his family.

categories: custom modular

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Article Citation
MLA Style Citation:
Guest, Guest "Ways Homeowners Are Reevaluating The Way They Live And What They Are Doing Now To Reduce Their Expenses." Ways Homeowners Are Reevaluating The Way They Live And What They Are Doing Now To Reduce Their Expenses. 11 Jun. 2010. uberarticles.com. 9 Feb 2016 <http://uberarticles.com/business/sales/why-so-many-people-are-living-with-relatives-and-others-are-downsizing-because-of-the-poor-economy/>.

APA Style Citation:
Guest, G (2010, June 11). Ways Homeowners Are Reevaluating The Way They Live And What They Are Doing Now To Reduce Their Expenses. Retrieved February 9, 2016, from http://uberarticles.com/business/sales/why-so-many-people-are-living-with-relatives-and-others-are-downsizing-because-of-the-poor-economy/

Chicago Style Citation:
Guest, Guest "Ways Homeowners Are Reevaluating The Way They Live And What They Are Doing Now To Reduce Their Expenses" uberarticles.com. http://uberarticles.com/business/sales/why-so-many-people-are-living-with-relatives-and-others-are-downsizing-because-of-the-poor-economy/


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