{"id":21241,"date":"2024-05-08T08:26:00","date_gmt":"2024-05-08T13:26:00","guid":{"rendered":"https:\/\/theamericangenius.com\/housing\/?p=21241"},"modified":"2024-05-08T12:47:47","modified_gmt":"2024-05-08T17:47:47","slug":"co-owning-millennial-homes","status":"publish","type":"post","link":"https:\/\/theamericangenius.com\/housing\/editorials\/co-owning-millennial-homes\/","title":{"rendered":"Co-owning may be the best way for millennials to own a home"},"content":{"rendered":"\n<p>The joke going around my weird, sad corner of the Internet is that the rise in polyamory in the public eye isn&#8217;t due to &#8216;moral decline&#8217;, it&#8217;s all about housing costs.&nbsp;<\/p>\n\n\n\n<p>And I get it.&nbsp;<\/p>\n\n\n\n<p>The more I read about cost of homes, cost of health insurance, cost of produce, and even cost of entertainment skyrocketing, the more being a &#8216;sister-wife&#8217; starts to make sense. But rather than trying to coordinate a 5-way wedding, more people my age are going totally radical and buying houses with totally non-romantic partners.&nbsp;<\/p>\n\n\n\n<p>That&#8217;s right, according to <a href=\"https:\/\/fortune.com\/2024\/01\/10\/millennials-co-buying-non-romantic-co-buyers-disastrous-housing-market\/\" target=\"_blank\" rel=\"noreferrer noopener\">Fortune<\/a>, us napkin-killing millennials are so fed up with competing with corporate purchasers for spit-takingly high prices on less ideal locations, less space, and lower quality building materials that we&#8217;re going all-in with friends to full on purchase places together.\u00a0<\/p>\n\n\n\n<p>It&#8217;s a big step up from being roommates\u2014what with everyone&#8217;s name on a mortgage rather than a lease\u2014but ultimately many of the challenges are the same. Of course the immediate thought of anyone who already has\/can afford a house solo will be &#8216;Well how will these hippies figure out who benefits most from this asset?&#8217;.&nbsp;<\/p>\n\n\n\n<p>The answer is certainly different for everyone, but the best answer is &#8216;No matter what, this is a better problem to have than &#8220;<em>where the hell do I live<\/em>&#8221; &#8216;.&nbsp;<\/p>\n\n\n\n<p>And as more people accept that the expensive, potentially isolating structure of <a href=\"https:\/\/www.businessinsider.com\/american-marriage-family-structure-kids-over-2023-9\" target=\"_blank\" rel=\"noreferrer noopener\">the suburbian nuclear family <\/a>at the 20s and 30s stage of their lives is just plain out of reach, you&#8217;re going to hear that answer much more. Among a group of younger people who are seeing their degrees reach shorter and layoffs loom larger, housing is viewed as a necessity, not an investment.\u00a0<\/p>\n\n\n\n<p>So get used to <a href=\"https:\/\/goldengirls.fandom.com\/wiki\/That%27s_For_Me_To_Know\" target=\"_blank\" rel=\"noreferrer noopener\">&#8216;Golden Girls&#8217; style groups of like-minded individuals<\/a> in one owned home in your neighborhood. It&#8217;s going to keep happening. Maybe now is the time to lock down street parking etiquette.<\/p>\n\n\n\n<p>Thank you for being a co-owner.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rising home costs, groceries, and basic means of living are just some of the many reasons millennials and beyond are co-owning together.<\/p>\n","protected":false},"author":337716,"featured_media":21242,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"wds_primary_category":0,"footnotes":"","jetpack_post_was_ever_published":false,"_links_to":"","_links_to_target":""},"categories":[254],"tags":[2622,323,1270,1234],"class_list":["post-21241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editorials","tag-co-owning","tag-homeownership","tag-millennial","tag-real-estate-news"],"jetpack_featured_media_url":"https:\/\/theamericangenius.com\/housing\/wp-content\/uploads\/sites\/2\/2024\/02\/Roommates.png","jetpack_sharing_enabled":true,"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts\/21241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/users\/337716"}],"replies":[{"embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/comments?post=21241"}],"version-history":[{"count":1,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts\/21241\/revisions"}],"predecessor-version":[{"id":21243,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts\/21241\/revisions\/21243"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/media\/21242"}],"wp:attachment":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/media?parent=21241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/categories?post=21241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/tags?post=21241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}