Will We See More “Buy A Home With Friends” Situations Now?

Maybe, but not likely.

This is an interesting idea. I actually don’t think the math on this is correct, because if you add up the millennial bars (blue), it’s 10+14 = 24, then 24+42 = 66, then 66+47 =113. So that’s not 100% and maybe that’s a reason to chuck this entire graph. That’s up to you. It does purport an interesting idea, though: in a time of high interest rates, stubborn-as-hell mortgage rates, Boomers demanding absolute top-dollar for their homes, and a generalized housing shortage … could we maybe see more people buy houses with their friends, instead of with their spouse or by themselves?

I guess it’s possible, with these being the notable opposition ideas:

1. How would equity work? If a group of friends bought a home together, and they moved out of said home at different times, would you use a mathematical formula to determine the equity that each gets back from the eventual sale? Like, Joey lived there 700 days, vs. Niall who lived there 1,532 days. So Niall gets that percentage more in equity whenever the house is sold? You need someone good with Google Sheets to make this work.
2. Definitions of success: A lot of people use “I own a home” as a clear marker of success in Modernity, because some of the other notable success markers are a little…