Published at Sunday, April 15th, 2018 - 18:00:40 PM. . By Luisella Alfonsina.
Once tenants move in, they pay minimal rent and utilities (e.g. $300 a month rent for a 300-square-foot home and an estimated electric bill of less than $35 per month). After three years, tenants are offered a contract to rent to own their homes within four years. This lengthy process is designed to help residents become disciplined about bill paying and the responsibilities of home ownership.
For starters, the size of the home will shrink. As the Boomers jettison stuff, weaning themselves from some of their accumulated furnishings and other material, they will find that a smaller house suits their needs just fine. And since these houses will likely be situated in warmer locales, generously sized outdoor living areas will be a must.
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