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> A decade ago, this might have seemed like a far-fetched idea It's as old as the hills. Every young person thinks about it. Every old person is glad they did
by aaron695 3y ago
> A decade ago, this might have seemed like a far-fetched idea
It's as old as the hills.
Every young person thinks about it. Every old person is glad they didn't - https://www.reddit.com/r/personalfinance/comments/1w73i0/considering_buyingrenting_a_house_with_friends/?rdt=54923 https://www.reddit.com/r/personalfinance/comments/1w73i0/con... (10 years ago)
It's a problem that needs solving, but it's tricky. It's just a smaller version of the commune problem.
You can put money right now into property for an investment, there are lots of managed funds.
Buying a home is different. It's putting money into something you love rather than booze and hookers. It's a forced investment in your future, it needs to be fun/fulfilling for what it replaces. It's psychology.
If you are going into it with friends you need to solve the psychology. Will you spend time/weekends working on it when your friends get part of that $? Will you love love it if it's shared or does it become an object that sucks up money? They want to sell their object after x years, you want to keep what you love and invested in.
The real solution is probably cities allowing developers to build what people want. Homes half/third the size.