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More Homeowners Taking in Roommates to Cover Mortgages

Would You Take In a Roommate to Cover Your Costs?

Having roommates has its financial and social benefits when you're in college or a young professional, but most of us expect the time will come when we live alone or just with our nuclear family. The recession seems to be changing that. According to CNN more and more professionals (often homeowners) are taking in roomies to help cover the cost of a mortgage and make up for frozen salaries and unexpected health care cost increases.

One of the men interviewed is a 44-year-old homeowner who said he used to travel yearly, eat almost every meal out and splurge on fancy phones and gym memberships, but has been forced to cut back. He told CNN: "I'm a little bit leery — actually a lot leery. But I don't really have a choice."

Source

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