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MichMan

(16,012 posts)

6. Not close to being comparable

Reply to Johonny (Reply #5)

Wed Sep 24, 2025, 09:43 AM

Wednesday

Co owning a home and paying a mortgage has a lot more legal obligations than a lease on a rental.

Lease expires on a rental and neither party has any obligations to the landlord or each other. They can go their separate ways with no worries.

One party wants out on a co mortgage and either a) one has to buy out the other, or b) the property will be sold and the proceeds after the lender is satisfied, will be split.

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Highlight:

In order to afford a home, some younger people are "co-buying" with friends [View all] True Dough Wednesday OP

Rule #1 of home ownership Fiendish Thingy Wednesday #1

Seems like a very bad idea MichMan Wednesday #2

I think a lot of my younger workers Johonny Wednesday #5

Not close to being comparable MichMan Wednesday #6

Exactly. True Dough Wednesday #9

Lying with friends Abstractartist Wednesday #3

A lot is written about home ownership rates Johnny2X2X Wednesday #4

I know some couples who have done this and they've bought multifamily units together, not one big house. WhiskeyGrinder Wednesday #7

Stupid stupid stupid. 617Blue Wednesday #8