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Millennial 'House Hacking' for Home Affordability
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Overview
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Millennial and Gen Z home buyers are leveraging 'house hacking' to afford homes amidst the least affordable housing market in 38 years. With average 30-year mortgage rates reaching 7.66%, these buyers are increasingly seeking rental income options for their properties.
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How might the rise of 'house hacking' impact the traditional concept of homeownership?
In what ways could the trend of 'house hacking' influence the design and construction of homes, particularly in urban areas?
What measures can governments take to address the housing affordability crisis and support first-time homebuyers?
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