As people on the verge of retirement consider the considerable costs of staying in the Bay Area, one senior decided to take advantage of updated rules and added an ADU in her backyard that will generate enough income for her to age in place.
The Mountain View Voice has the story.
According to data from the California Association of Realtors, the housing market is weathering the economic downturn better than it did during the Great Recession, as buyers have more skin in the game.
Compared to those who bought their homes before the recession, buyers in recent years have made higher down payments, taken on fewer risky loans and second mortgages, and have higher household incomes. That means we can expect fewer defaults and foreclosures as the market continues to shift.
