A growing number of baby boomers are purchasing their childhood homes. Some are going as far as using old pictures to restore the property to its former glory.
Gary Melton, director of the Clemson University Institute on Family and Neighborhood Life, attributes such nostalgia to the fact that the baby boomer generation lived in the same homes for several years, whereas U.S. Census Bureau data shows that today’s children are relocated every five to seven years.
Kevin Keim, director of the Charles W. Moore Center for the Study of Place, believes childhood homes provide comfort at a time when broken families are more common. Others are buying from their parents to take advantage of price discounts and tax breaks; while yet others find it easier emotionally to simply move into a home inherited from a deceased parent than to sell it.
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Updated: December 2020