Skip to playerSkip to main contentSkip to footer
Pennygem
  • 9/24/2024
People are starting to get creative to set foot on the property ladder and are exploring options like fractional homeownership and multigenerational homeownership. PennyGem’s Johana Restrepo has more.

Category

📚
Learning
Transcript
00:00People are starting to get creative to set foot on the property ladder.
00:07According to Forbes, people are exploring two options,
00:11fractional homeownership and multi-generational homeownership.
00:15Those exploring fractional homeownership can look into companies like Picasso,
00:20which helps people own second homes by allowing them to own a portion of a house.
00:25It sounds like a timeshare,
00:26but they specifically focus on family homes,
00:29and the amount of time you get to use the home depends on how much of the home you own.
00:34The minimum you're allowed to purchase is one-eighth.
00:37They handle everything for you, like legalities, payments and maintenance.
00:41You just have to really do your research,
00:43because some of the homes are valued as high as $750,000 a share.
00:49The New York Times reports that multi-generational homes,
00:52where two or more generations live together, are on the rise,
00:56because the cost of long-term care is rising and so are the prices of homes.
01:01If you think the process of buying a home with your family will be a positive experience
01:05and will be happy living with them, it's a win-win.

Recommended

1:07
Up next
Getting Your Home Ready for Retirement
Pennygem
3/29/2021
1:08
How To Pay Off Your Mortgage Faster
Pennygem
9/22/2021
1:12
Homeownership Alternatives You Should Consider!
Pennygem
10/20/2023
1:45
Are You Leaving Money On the Table By Renting vs. Buying a Home?
Pennygem
11/15/2022
0:46
What Real Estate Experts Want You to Know Before You Buy a Second Home
Better Homes and Gardens
7/7/2023
1:00
Should You Buy A Home?
Stringr
8/26/2022
1:07
How To Get Your Home Ready for Retirement
Pennygem
3/6/2024
2:48
Jenis- Jenis Pemilikan, Tanah Freehold VS Leasehold Mana Lebih Baik_
Vanilla Kismis
7/29/2022
0:51
What You Need to Know Before You Buy a Vacation Home with Friends or Family
Better Homes and Gardens
6/29/2023
0:54
Favorite Part of the House | Esquire Philippines
Esquire Philippines
9/8/2024
40:20
Ashleigh Shanti Is Rewriting the Story of Appalachian Food
Southern Living
yesterday
0:45
This 3-ingredient tomato pie in this video is almost too easy to believe! Juicy tomatoes, flaky crust, and creamy cheese come together to create the ultimate summer dish—no fuss, just flavor. Perfect for brunch, lunch, or light dinner.
Southern Living
2 days ago
0:39
How to Make Classic Cherries Jubilee
Southern Living
2 days ago
1:12
These Might Be The Two Most Important Types of Insurance That You Could Possible Have
Pennygem
7/1/2025
1:03
Should You Get That Joint Credit Card With Your Spouse?
Pennygem
6/26/2025
1:00
Pay Attention to These Mistakes You Might Be Making on Video Calls
Pennygem
6/25/2025
1:15
Stop Car Crime in Its Tracks With These Helpful Tips That Do Not Cost a lot of Money
Pennygem
6/23/2025
0:57
The Smart Way to Handle That Bonus Paycheck.mp4
Pennygem
6/20/2025
1:00
The Most Common Video Call Mistakes—And How to Avoid Them.mp4
Pennygem
6/17/2025
0:48
The Best Strategy for Retirees to Combat Loneliness.mp4
Pennygem
6/16/2025
1:00
Saving for a Down Payment Is Hard — But It’s Crucial
Pennygem
6/9/2025
1:12
These Are the Alternatives to Owning a Home That Everyone Should Consider
Pennygem
6/6/2025
1:22
Be Careful Financially If You Want to Install a Pool This Summer
Pennygem
6/5/2025
1:12
Should You Retire Or Actually Start Working Again?
Pennygem
6/4/2025
1:09
Why Did These Things That Used to Be Free Cost Us A Lot of Money Now
Pennygem
6/3/2025