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They can live at home with the parents, then inherit their parents' home. NH has a real problem with out of staters from MA and other states buying up our housing stock in a COVID induced panic.
Otherwise, those young adults can always move away to ME and other states, then move back later on if they wish. The fact is that Americans have the freedom to move around, and who wants to live in the same place all of their lives? Young people should take the time to explore the world and have new experiences. Maybe we'd not be having as much of a substance abuse crisis if more people who move away for a while, instead of feeling trapped in their hometown with no other options in their lives.
So I as a 56 YO carpenter/plumber/welder/electrician should live with my 85 YO parents until they die? And it still doesn't answer the question - what am I going to build if we aren't building any more housing. Don't say commercial because there won't be a need for any of those new buildings.
All of those trades are welcome to come to my home and fix the myriad of things that need attention. We don't have enough plumbers, electricians, appliance repair people, etc to take care of the current population, at least in northern NH. And all of the ones I've dealt with in the past would have benefited from some STEM education.
I've been looking on Zillow and Realtor.com for houses on a few acres mostly in Hillsborough and Cheshire Counties and I've noticed that the asking prices have gone way up. It's not a favorable time to buy. I blame the Federal Reserve for this. They've knocked down 30 mortgage rates to 2.99% allowing realtors to jack up asking prices and more families to qualify for big mortgages. Too bad.
The people create market values, not RE agents. However, low interest rates attract buyers. “It’s only worth what someone is willing to pay”
So I as a 56 YO carpenter/plumber/welder/electrician should live with my 85 YO parents until they die? And it still doesn't answer the question - what am I going to build if we aren't building any more housing. Don't say commercial because there won't be a need for any of those new buildings.
Why didn't you buy a house years ago? Six years ago, when I moved up to NH, there was plenty of selection and the prices were reasonable. Unfortunately, in the last few years, the market heated up.
Otherwise, in many traditional immigrant families, it is common for there to be several generations living under one roof. Our current American society seems to prefer to ship their elderly family members off to senior living. If you are that handy, then build an addition to your parents' house. Add an in-law suite or make it into a 2-family. Later on, when it's your house, rent out the side you aren't living in or convert it into a larger single family house.
ADU is a good option if you have the space on your lot.
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Originally Posted by miu
Otherwise, in many traditional immigrant families, it is common for there to be several generations living under one roof. Our current American society seems to prefer to ship their elderly family members off to senior living. If you are that handy, then build an addition to your parents' house. Add an in-law suite or make it into a 2-family. Later on, when it's your house, rent out the side you aren't living in or convert it into a larger single family house.
In-law suite is a good option if you have the space on your lot.
Back in 2017, NH passed the Accessory Dwelling Unit (ADU) law (RSA 674:71-73) requiring municipalities to allow internal or attached accessory dwelling units in all zoning districts where single-family dwellings are permitted. Towns may choose to permit detached ADUs (like a MiL apartment above a freestanding garage).
In-law suite is a good option if you have the space on your lot.
Back in 2017, NH passed the Accessory Dwelling Unit (ADU) law (RSA 674:71-73) requiring municipalities to allow internal or attached accessory dwelling units in all zoning districts where single-family dwellings are permitted. Towns may choose to permit detached ADUs (like a MiL apartment above a freestanding garage).
Are you adding a bedroom? If so, you many need a new septic design and a new septic system. If no city sewer system in your town. So now one has the cost of this "addition" and the cost of a new septic system. All sounds real good on paper.
Why didn't you buy a house years ago? Six years ago, when I moved up to NH, there was plenty of selection and the prices were reasonable. Unfortunately, in the last few years, the market heated up.
Otherwise, in many traditional immigrant families, it is common for there to be several generations living under one roof. Our current American society seems to prefer to ship their elderly family members off to senior living. If you are that handy, then build an addition to your parents' house. Add an in-law suite or make it into a 2-family. Later on, when it's your house, rent out the side you aren't living in or convert it into a larger single family house.
Or buy a condo.
You're missing the point. If you stop residential growth as you want, there won't be any jobs for those young adults going into the trades.
BTW, your moving to NH 6 years ago is part of the growth you are railing against.
You're missing the point. If you stop residential growth as you want, there won't be any jobs for those young adults going into the trades.
Wrong. Our population is older, eventually there will be housing available due to seniors passing or going into rest homes. And there will always be plenty of work because of the older housing stock we have.
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BTW, your moving to NH 6 years ago is part of the growth you are railing against.
Not really. We bought an older home, not new construction. In addition, we are a permanently childless couple, so we are a net positive for our town's tax coffers, not a drain on its resources.
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ADU is a good option if you have the space on your lot.
In-law suite is a good option if you have the space on your lot.
