Embracing the Family Clan, for their Healthy Financial Future

With baby boomers reaching maturity, new responsibilities can become overwhelming in a struggling economy. With parents in retirement, children growing up but staying at home or leaving, the financial burden for each can strain the whole family’s finances to a breaking point.  Certainly if one finds themselves living pay check to pay check it is easy to make an argument for change.

Yet the strategy for self-sufficient living seems to dominate the typical American’s way of thinking, that is for the most part, graduate college and go live on your own.  Certainly existing housing stock reinforces this notion. Yet in many cultures and even to an extent here in the US more people are opting to keep the family together, with grandparents, siblings and with in-laws. Financially, the strategy is sound, that is, one property supports many families or individuals.

The worry?  Someone is a slob, loud, argumentative, problematic with an addiction, or some other self-destructive behavior. In this respect one has to establish rules to govern the standards which everyone needs to comply with. For instance, all public shared spaces must remain clean, and debris or storage free. But in this respect a well designed dwelling can answer many of the needs of most people, in providing secure storage areas, efficient handling of trash, sound absorption methods that limit the distance of airborne noise, and even orientation of spaces to further isolate individual dwelling modules.  In this respect we have developed several housing prototypes as noted in previous or upcoming articles. For this article, we discuss some of the financial benefits to shared habitation.

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