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.
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.
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