Priced Out Of Rentals, Single Mom Turns Hotel Stay Into A Housing Solution – 'There Are So Many Unexpected Benefits To Hotel Living'

When Suzanne Hayes was abruptly served a 30-day notice to vacate her rental home in Connecticut, she faced a challenge. The rising costs and stringent local rental market credit requirements had priced her out of options.

But rather than succumb to panic, Hayes found an unconventional solution that improved her family’s living situation.

Don't Miss:

• This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, and you only need $100.
• A billion-dollar investment strategy with minimums as low as $10 — you can become part of the next big real estate boom today.

Confronted with a lack of affordable rental properties, Hayes began exploring alternative housing arrangements. She soon stumbled upon something unexpected – the Avon Old Farms Hotel, which offered her a two-bedroom apartment-style suite for just $2,200 per month, utilities included.

“There are so many unexpected benefits to hotel living,” Hayes said to Realtor.com. “For one, we have been forced to live a more minimalist lifeand I’m reaping the benefits like less laundry and clutter.” 

Trending: Commercial real estate has historically outperformed the stock market, and this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!

The hotel's amenities, including a weekly deep-cleaning service, access to a gym & pool and a continental breakfast, have made this temporary arrangement comfortable and even enjoyable for Hayes and her children.

While Hayes acknowledges the sense of impermanence, she marvels at how quickly her kids have adapted to their new “vacation-style” home. “My kids are amazing and have learned to find and embrace the silver lining in everything,” she said.

“As soon as they viewed the property, their excitement built. It had a very vacation feeland they realized there are some pretty cool things about this temporary arrangement.”

Trending: Beating the market through ethical real estate investing' — this platform aims to give tenants equity in the homes they live in while scoring 17.17% average annual returns for investors – here’s how to join with just $100

Hayes’ unconventional solution speaks to the growing housing affordability crisis gripping the nation, which has prevented millions of Americans from purchasing a home.

The latest data from the National Association of Home Builders (NAHB) finds that 103.5 million households cannot afford the median-priced new home, now $495,750, with a mortgage interest rate of 6.5%.

To put that into perspective, a $1,000 increase in home prices can push an additional 106,000 households out of the market. With housing prices continuing to climb, evidenced by the S&P CoreLogic Case-Shiller Index marking its 14th consecutive all-time high, the dream of homeownership is becoming increasingly elusive for many. 

Trending: These five entrepreneurs are worth $223 billion – they all believe in one platform that offers a 7-9% target yield with monthly dividends

Although the Federal Reserve’s recent interest rate cut may relieve prospective homebuyers, experts warn that more substantial action is needed to address the chronic shortage of available homes.

“This is a chronic, slow-growing crisis over decades that became an acute crisis during COVID,” Shaun Donovan, a former U.S. Secretary of Housing and Urban Development, said to CNN. “No question this is good news,” he said of the Fed’s rate cut, “but there’s a lot more we have to do to solve an unprecedented housing crisis in this country.”

Hayes and her family are finding solace in their temporary hotel haven, enjoying the unexpected benefits. 

Read Next:

• This billion-dollar fund has invested in the next big real estate boom, here's how you can join for $10.
• Amid the ongoing EV revolution, previously overlooked low-income communities now harbor a huge investment opportunity at just $500.