"Today, Gen Z and millennials are increasingly turning to co-buying homes with friends or family—not for countercultural reasons, but as a practical response to high housing prices."
"Communal living was popular 50 to 60 years ago. Now, we are witnessing a resurgence of communal living among Gen Z, but for very different reasons."
"Nearly one-third of Gen Zers said they are open to pooling funds and purchasing a home with friends or family, a practice known as co-buying."
"Over three in four first-time homebuyers purchased their house with parents, siblings, friends, romantic partners, and even colleagues."
Communal living, popularized during the 1960s and 70s by the hippie movement, is experiencing a resurgence among Gen Z and millennials. Unlike past communal living focused on counterculture, today's trend is driven by practicality in response to high housing prices and student debt. Nearly one-third of Gen Zers and 18% of millennials are interested in co-buying homes with family or friends. Experts observe this trend reflected in the current housing market, and social media platforms showcase numerous stories of shared home purchases.
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