Younger generations open to turning to friends, family to achieve homeownership

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A majority of Americans in Gen Z who don't own a home would consider buying one with a friend or a group of friends, according to a new survey by Credit Karma.

Younger Americans who are looking for ways to buy a home in a challenging market are surprisingly open to buying a home with friends who aren't their partner to make it more affordable as well as turning to their family for help making that investment.

There are challenges or complications that might arise when you have several people going in on a property, of course, but I applaud the creativity and people looking for other ways to accomplish a goal," she added. "The silver lining of a lot of hard things going on in the economy is the realization that there's not one path. People can take different paths and buying with friends might be another way.

 

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