How pricey is Vancouver real estate? Strangers are pooling money to buy houses

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Families or friends have long lived together to share expenses. But there\u0027s a new growing trend of strangers buying and sharing houses.

“A colleague of mine told me TIC is the equivalent of getting married. And the filter process should be just as rigorous,” Yan added. “Because, remember, half of Canadian marriages end in divorce.”

“You’ve got a team, in a sense, to support each other with both the repairs and the upkeep,” she said. “They had set up chairs and they were serving tea. And they were literally having a meet-and-greet with people, and it was lovely,” Buna said. As consumers learn more about these housing options, so too are banks and lawyers who are “evolving” their policies so that such transactions are less complicated to finance and legalize, Buna added.

But he stressed that people must do their homework before entering one of these transactions, so he created a

 

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How pricey is Vancouver real estate? Strangers are pooling money to buy housesFamilies or friends have long lived together to share expenses. But there\u0027s a new growing trend of strangers buying and sharing houses.
Source: VancouverSun - 🏆 49. / 61 Read more »