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Could empty nesters renting out spare rooms help ease housing shortages?

Millennials could save money and baby boomers could fill empty space
  • Trulia looked at the 100 biggest housing markets to determine which had the most empty rooms available for rent and which markets had the biggest need for housing.

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Are millennials seeking housing and baby boomers with empty rooms to rent out a match made in heaven? Trulia looked at the hundred largest housing markets in the country and crunched some numbers to figure out approximately how many empty bedrooms were in those markets, then looked at market rental rates to determine where these potential room-rental arrangement could be the most beneficial for both landlord and tenant. It published the results today on the company blog in the post, "Boom-mates: How Empty Nesters Could Help Ease a Housing Shortage." What housing looks like for millennials and boomers right now "We found tens of thousands of homes have nearly 3.6 million unoccupied rooms that could be rented out," wrote Trulia in the post. And in markets where millennials have trouble finding affordable housing, renting a single room instead of a one-bedroom unit "could save them up to $24,000 annually," it added. Multigenerational housing solutions are increasingly popula...