"Millennials and Gen Z Turn to Co-Owning Homes Amid High Costs"

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Source: Fox Business
"Millennials and Gen Z Turn to Co-Owning Homes Amid High Costs"
Photo: Fox Business
TL;DR Summary

Co-owning a home with friends or family is gaining traction among younger generations as a solution to housing affordability issues. Companies like Pacaso facilitate this by managing co-ownership agreements and making the process easier. However, some experts warn that it can be complicated and may not be as beneficial as it seems, with potential difficulties in managing and financing the property. Despite skepticism, interest in co-ownership is growing, particularly among first-time homebuyers.

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