Maybe Dorothy, Blanche, Rose and Sophia had it right all along.
We remember the stars from the 1980s television series "The Golden Girls" for their wit and quick comebacks, but also for their unique home arrangement: Living with each other, without spouses or significant others., an eye-opening 29% of Americans are open to the idea. Of those potential homebuyers, 63% said they would consider buying with a family member who is not their spouse, and 57% would do so with a good friend or current roommate.
It speaks to where we are in the housing market: It's really expensive to buy a house right now, and a lot of people are looking into alternative ways to purchase."All three of our names are on the mortgage, and we threw all the money that we could towards the down payment," says Gibbs, a devoted ultrarunner. "We were growing weary of high rental prices – and glad we got into the market when we did.
While the math may seem attractive, this path to homeownership is also fraught with potential dangers. Here are a few pointers before embarking on a Golden Girls-style co-living arrangement.Mixing finances with friends or family is always a dangerous business, since money disputes could end up causing serious relationship damage. So this is not something to be entered into lightly, but should only be considered with relationships where there are very high levels of mutual trust.
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