After housing costs soar during pandemic, more Americans considering buying a home with friends

After housing costs soar during pandemic, more Americans considering buying a home with friends

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Business

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The video discusses the concept of buying homes with family and friends, featuring insights from Heath Shessinger, who successfully purchased a home with friends, and Niles, CEO of Nessman. They explore the benefits and challenges of co-buying, emphasizing the importance of aligning goals, financial planning, and legal agreements. The discussion highlights the need for careful consideration of personality traits and potential drawbacks. A five-step process is outlined to guide potential co-buyers, focusing on goal alignment, financial projections, legal agreements, financing, and choosing the right agents.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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