Economy Bringing Families Closer Together in Brooklyn Homes

Economy Bringing Brooklyn Families Together

Although the economy has been a catalyst for many issues, some of the trickle-down effects have had positive effects on Brooklyn New York homes. One of the most notable is that families are drawing closer together.

Over the past thirty to forty years, the “steps” to take for growing up were always one, grow up and two, move out. Few parents ever considered that their now adult children might be moving back in to their quiet, empty Brooklyn homes. However, with the economic problems hitting millions of Americans, the number of multi-generational households is growing.

During the Great Recession and more specifically in 1940, approximately 25% of households were multi-generational. Homes often held children, grandchildren, and sometimes even great grandchildren – four familial generations. However, as the U.S. economy began to prosper and the baby boomer generation grew into adults, more homes became single family households. By 1980, only 12.1% of homes held more than one generation.

Now, the percentages are once again beginning to climb. Loss of jobs, foreclosed homes and lack of security has contributed to approximately 49 million Americans, or 16.1%, living in multi-generational homes. While this is far from ideal for those in a hurry to leave the nest, the benefits are many.

I once asked a single mother what it was like moving back in with her parents.  She said, “It was hard at first, redefining the boundaries, but having my parents around has been a blessing in disguise. My kids have a stabilizing influence and extra attention, while I get occasional breaks that I normally wouldn’t get. We eat dinner together too, which helps build the family atmosphere for my kids. It’s not all smiles and roses, there’s a lot of compromise, but it works.”

For those who have been thinking about letting your family move in to your Brooklyn home, try to consider more than just the negatives. Look at the positives as well.  And what could be more positive than closer family ties?

Whether you need to upgrade your Brooklyn New York home to a bigger family home or downgrade to a smaller one, I can help. Charles D’Alessandro your Brooklyn Realtor® with Fillmore Real Estate at (718) 253-9600 ext.206 or email me at [email protected] for more information.

Charles D’Alessandro
[email protected]
tel 718 253-9600
fax 718 253-9573

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One Response to “Economy Bringing Families Closer Together in Brooklyn Homes”

  1. […] Charles D’Alessandro [email protected] tel 718 253-9600 fax 718 253-9573 Brooklyn Real Estate Blog Economy Bringing Families Closer Together in Brooklyn Homes […]

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