House Hacking Helps Some Buyers Overcome Financial Challenges

The Washington Post, April 22, 2024-Michele Lerner
Like many first-time home buyers, fiancés Veronica Yam and Dexter Chan were frustrated after nearly two years of looking for a home. As home prices and mortgage rates rose and the number of homes for sale shrank, the couple decided to change their strategy. Instead of shrinking their search to smaller homes, they opted to look for something larger with space for a tenant whose rent could offset their mortgage — a technique many buyers call “house hacking.”
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