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Three Generations, One Roof

More and more households are doubling up. Here's how to make it work

Stacey Egan was nine months pregnant with her third child when she called off her family's search for a home in Rye, N.Y., a New York City suburb where the median-priced home now sells for over $1.3 million. The Egans had outgrown the two-bedroom condo they had purchased in Rye in 2000. But they were tired of watching $850,000 fixer-uppers get snapped up before they even had a chance to bid. "Anytime an affordable house would come on the market, it would sell in a day," she says.

So about a year ago, Egan and her husband, Michael, a compliance officer for a Wall Street firm, did what a growing number of families are doing: They moved back in with (her) mom and dad, whose five-bedroom empty nest in Rye has plenty of room for a growing family.