Living
Homeowners Are Seeking Roommates to Help Pay Their Mortgages
More buyers in the U.S. are opening up to the idea of renting out a room as expenses surge.
Photographer: Gabby Jones/Bloomberg
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Buying a home may seem like a distant dream for many in today’s cutthroat housing market. That is, unless they’re willing to share that dream with a roommate or two.
With the average U.S. mortgage rate above 5% and home prices at record highs, homeownership feels increasingly out of reach, particularly for young, first-time buyers. To make it work, some are renting out rooms or basements and using the extra income to help offset their costs.