How to Bridge the Generation Gap and Enrich Your Life

Posted by Silvernest Team on Feb 17, 2021 11:00:00 AM

 

It might surprise you to learn that the term “generation gap” was only defined as recently as 1992. It’s a concept as old as timethe idea that, as VeryWell puts it, the “differences between generations... cause difference in opinions and communication.” For as long as there have been parents, there have also been children whose habits and perspective feel foreign. So, then, why have we only recently decided to label it as a gap? 

The answer is that there’s more distance between generations than ever beforeBecause we’re living longer than ever, the senior population is larger than ever and is projected to grow a whopping 84% between 2010 and 2030.  

At the same time, boomers are remaining in the workforce—and working alongside the massive contingent of millennial professionalsuntil well into their 60s and 70s. As Gen Z comes of age, we’ll see and unprecedented three generations working alongside one anotherand sometimes struggling to communicate. 

While it takes creativity and cooperation to form relationships across generational lines, the benefits are well worth the effort. And with these larger dynamics at play impacting our society for decades to come, it’s in all our best interests to open ourselves to the possibility of intergenerational relationships. 

Homesharing in Denver: How to Get Started

Posted by Silvernest Team on Jan 27, 2021 11:48:52 AM

 

There are plenty of reasons Denver was recently ranked as the #2 Best Place to Live in The U.S by US News and World Report. There’s the amazing natural beauty, outdoorsy fun and hundreds of days of sunshine every year. There’s also a solid and diverse economy, with lots of jobs in technology, aerospace, agriculture and more. We can't forget the Broncos, Rockies, Nuggets and Avalanche… and, of course, the fantastic local beer and brewery culture. 

Denver has seen explosive growth over the last 10-15 years, but the housing supply has not kept up—leading to skyrocketing prices. According to Westword, the median home price in metro Denver has increased nearly 35% over the past five years. And despite the pandemic, the crazy housing market “remains red-hot. 

Homesharing in LA: Finding a Roommate in Los Angeles

Posted by Silvernest Team on Dec 18, 2020 1:11:03 PM

When it comes to housing costs, Los Angeles is one of the toughest markets in the nation. According to a recent analysis by Zillow Research, LA renters spend 45% of their income on the typical property (spending more than 30% is considered “cost-burdened”). Homeowners in the area aren’t much better off, spending nearly 44% of their income on the typical mortgage (based on current prices). To make matters worse, if you’re among the many San Francisco or San Jose residents found by Zillow to be earning a lower income, you have a whole lot less to live on after paying those high housing costs.  

5 Takeaways for Homeowners from Our Interview on Torchlight's Eldercare Illuminated

Posted by Amy Ford on Dec 9, 2020 10:00:00 AM

For many of us in 2020, our homes have never seemed more like protective fortresses. Even in our protection, however, far too many of us are still feeling the financial impact of this unprecedented time. If you’re one of the 1 in 3 Americans who’ve found difficulty covering usual household needs this year, this should come as no surprise.

Thankfully, your home can protect you from more than just the elements – in fact, it’s an incredible asset. Homesharing is a great way to earn passive income while also benefitting from social connection with a compatible housemate.

When I spoke to the Torchlight team on their Eldercare Illuminated podcast, I kept the impacts of the pandemic in mind. Beyond the finances, there’s a lot to gain from homesharing for those of us nearing retirement or caring for a loved one. Let’s take a look at five discussion points from the interview that felt most pressing for today. We were only able to cover a portion of the podcast topics in this blog, but please click here if you’d like to listen to this special episode of Eldercare Illuminated in its entirety.

 

Share Your Story Podcast Episode 9: Start Homesharing for the Cash. Stay for the Company.

Posted by Silvernest Team on Aug 20, 2019 3:19:03 PM

According to a January 2019 survey conducted by GOBankingRates.com, roughly 50% of Americans 55+ have saved less than $100,000 for retirement. Nearly 33% have saved less than $10,000. These are alarming statistics, to be sure. 

 

5 Ways to Make Money with the Extra Space in Your Home

Posted by Kate Cygan on May 13, 2019 4:34:18 PM

For most people, our homes are our biggest tangible assets. So it seems like a no-brainer to put them to work and make a little money if we can. Airbnb is a big success story, but not everyone wants to rent out their homes for vacationers. Luckily, turning your house into a short-term vacation rental isn’t the only way to make money with your extra space—and we’ve got five creative ideas that prove it.

 

All About Rent: How Much You Can Earn, Save and More

Posted by Silvernest Team on May 10, 2019 5:05:17 PM

With Silvernest’s homesharing platform, it’s easy to create leases and homesharing agreements with clear and specific terms. Thanks to rent auto-payment, there’s also no shuffling checks around or awkward conversations about when the rent’s due. It’s a painless way to manage your homesharing agreement for both parties. 

 

The biggest question we get about rent, though, is "How much??" Homeowners want to know how much they can charge for their space, and renters want to know how much they can save by homesharing compared to market rent rates.  Here's how Silvernest helps users answer those questions.

 

Home Sharing: The New Retirement Solution

Posted by Annamarie Pluhar on Apr 30, 2019 12:56:51 PM

 

Arnie calls her home “my accordion house” and laughs.

It’s a huge Victorian building in the center of Concord, New Hampshire. She inherited it from an aunt who lived on the second floor until her death. When her husband died at an early age, she was suddenly a widow of very limited means. Committed to keeping the home she loves, she got creative, renting every single bit of it in a number of innovative ways. She loves living with home-mates.

Houses Age Too: One Simple Idea for Covering Home Maintenance Costs

Posted by Silvernest Team on Nov 29, 2017 12:45:42 PM

Although many of us want to age at home, that cherished space can become harder to manage as we get older and our kids move away. We no longer need all those bedrooms. And let’s be honest—our houses are aging just like we are, and they need costly surgery sometimes too. The question becomes, is it even feasible to stay at home? The answer is “Absolutely, yes!”  

 

Spring Cleaning in Winter: For Cash and Company

Posted by Kari Henley on Nov 7, 2017 8:41:40 AM

Now is the perfect time to tackle that spare room or guest room that has become the receptacle of old wrapping paper, craft projects or “re-gifting” items—and turn it into a source of income. Cleaning your spare room is the first step toward turning your home into a source of income. Renting out that room can help you earn an extra $750 or so each month, and you might even develop a friendship with your new housemate. 

 

But taking the first step can be overwhelming, especially if that spare room is more than a little cluttered. Here are a few suggestions to help you get started.