"We wanted to have all of our personal finances on the table so that we knew what everyone was comfortable with. It was helpful to have a really open and honest conversation about where everybody was at."
"The house was around $800,000. Each couple split the down payment 50/50, and we decided to put down 40% of the total home value."
In 2024, Austin Mark and his husband, along with another couple, Nate and Stephanie, decided to purchase a multi-unit property together in Chicago, intending to enhance their financial well-being. They engaged in thorough discussions about their finances and agreed on a 40% down payment for the $800,000 home to minimize their monthly mortgage costs. By splitting responsibilities and payments in a balanced manner, they demonstrated how cooperative buying can create accessible pathways to homeownership while fostering strong personal relationships.
Read at Business Insider
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