Friends Pooling Their Money to Buy a House Together Is More Common Now


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I don't know if this is a good idea or not. But apparently it's more and more common for friends to pool their money and buy HOUSES together. Mainly because it's the only way young people can afford to buy a home these days.

A real estate analytics firm called Attom Data Solutions has been tracking the trend. They say the number of co-buyers with different last names has soared 771% in the last seven years. Not all of those people are friends buying homes together, but a lot are.

Unmarried couples are also getting in on it, and the pandemic may have accelerated that. According to the National Association of Realtors, 11% of people who bought homes between April and June last year were unmarried couples. And 3% were listed as "other," which tends to mean friends or roommates.


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