SEATTLE: The pioneering method of home ownership was first launched in 2010 and allows renters to gain equity in their homes through fixed-rent payments.
Monthly payments are reviewed every five years, and the tenant owns the property after 30 years.
The project can be an escape hatch for those facing a lifetime as a landlord’s cash cow, but it does so at a cost.
The program is known as Generation Rent…
This trend is covered in detail in the Seniors Housing Trends Text Book Series