Ambition once came with a promise: a home, a salary, progress and fulfilment. What happens when that promise is broken? Meet the women who are turning their backs on consumerism, materialism and burnout
Ambition once came with a promise: a home, a salary, progress and fulfilment. What happens when that promise is broken? Meet the women who are turning their backs on consumerism, materialism and burnout
You are still paying a loan though, it might be more affordable but it’s still a monthly payment. Pooling funds can allow more flexibility for individuals but it still needs to be paid. As long as real estate is treated like a commodity that can be traded and speculated on normal people will eventually be priced out.
I don’t see a meaningful difference between what you described and a condo other than maybe some tax benefits if you incorporate.
In the situation I described, you and your friends own the property together. It could be any property, it doesn’t need to be an apartment complex. But it would be disingenuous to say that you and your friends can’t help each other pay for housing, there are soooo many housing co-ops.