As housing prices increase, some are opting to buy a home with a friend instead of a romantic partner.
In the survey, 67% of respondents said sharing costs was a perceived benefit of co-buying. A majority of respondents also said that affording a better home and investment opportunities were also perceived benefits of co-buying. Niles Lichtenstein, CEO of Nestment, helps pool together buyers to purchase a home. He said there are questions to ask before embarking on such a commitment.
San Francisco resident Heath Schechinger decided to buy a home in 2021 with friends. Given San Francisco's notoriously expensive real estate, buying a home with friends allowed Schechinger to own a home in a city with a high cost of living.
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