"House Hacking: Gen Z and Millennials Mastering Homeownership in a Challenging Market"

Gen Z and millennials are turning to "house hacking" as a strategy to become homeowners in a challenging housing market. House hacking involves renting out a portion or all of a property for additional income. A recent report by Zillow found that almost 4 in 10 recent homebuyers consider house hacking to be a significant opportunity, with younger generations showing particular interest. The additional income from house hacking can help offset the high prices and interest rates that make homeownership difficult. However, potential buyers need to carefully consider factors such as down payment, proof of income, and the availability of affordable housing options before pursuing house hacking as a strategy.