This podcast episode explores the growing trend of co-purchasing homes with friends or non-romantic partners. It discusses how this trend challenges traditional notions of relationships and financial decision-making. The episode highlights that co-ownership is not limited to one country and is observed in various countries like the US, Australia, Canada, and China. It explains that co-purchasing with friends allows individuals to divide the financial burden and qualify for mortgages, especially in cities with soaring property prices. The episode also acknowledges the financial feasibility of dividing the cost of a home between friends and making expensive properties more affordable. However, it discusses potential difficulties and legal issues that may arise in such arrangements, emphasizing the importance of personalized contracts and legal advice. The episode concludes by exploring the significance of friendship and how it can stretch beyond peripheral relationships, leading to co-ownership of homes. It highlights the evolving views on friendship within society and the potential benefits of co-home ownership, such as living in a larger and more affordable property.
