The Pros and Cons of Buying a House With Your Friends

Homebuyers have had to get creative in recent years. They’ve sold crypto and cars for down payments and asked sellers to buy down their mortgage rates. Some have even turned to therapy to cope with high prices and painfully low supply.

Increasingly, they’re even opting to buy homes with others — and not a spouse or partner, either.

Take David Sheppard, who just bought a house with his older sister, Lois, in West Covina, California. Or Stephen Georgilis and Anthony Mirabella, bandmates from New York, who purchased a Long Island home to share in the area’s high housing costs. Or Greg Gaudet, who bought a property with his in-laws in Hawaii.

Read more here.