4.6 • 4.9K Ratings
🗓️ 7 November 2022
⏱️ 27 minutes
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0:00.0 | I'm so glad you're with us here on the Clark Howard show our omissions to serve you |
0:09.7 | and empower you. |
0:12.0 | So you make better financial decisions in your life. |
0:14.9 | And today I want to talk about a new trend in buying homes that is making me nervous |
0:23.0 | sharing the purchase with family or friends. |
0:28.7 | What have we been talking about how expensive travels become? |
0:32.3 | Is that here to stay? |
0:34.1 | And whether it's here to stay or not, what do you do today if you need to buy travel |
0:40.1 | to bend the pricing to your budget at least partway? |
0:44.8 | I'm going to fill you in. |
0:47.2 | So the big run up in housing prices has made people really rethink purchasing. |
0:54.4 | And people are purchasing homes together with a friend, with a family member, whatever |
1:00.8 | people are doing, a variety of things to try to be able to afford a home. |
1:08.3 | And I will tell you based on years of experience that these situations can blow up because |
1:16.0 | I really only seem to hear from people when it has blown up on them where they bought |
1:22.2 | a home with a friend, a family member, one case, a work colleague because it helps you |
1:30.4 | get in the door. |
1:32.2 | But then lots of things can go wrong other than just money or relationships like an example |
1:38.9 | is what happens if you move in with someone in your co-owner house and you're sharing |
1:45.9 | the common space, you're sharing the kitchen, you're sharing the living room, you're sharing |
1:50.4 | the home still have dining rooms, I guess it depends on the home. |
1:53.6 | But you're sharing those common spaces in each have your own room, hopefully you should |
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