House-buying with friends
Summary
Reporter Florence Koje explores the trend of "platonic co-buying," where young people pool finances with friends to afford homes amid rising prices. The segment features Clodagh McGlynn, who bought a house with a work friend, and Lauren, who co-owns a home with an ex-partner, highlighting the financial necessity and emotional complexities of these arrangements.
Topics discussed
Introduction: Young people rethinking home ownership
Defining platonic co-buying and the Gen Z trend
Clodagh McGlynn's story: Buying with a work friend
Legal safeguards and the pressure on young buyers
Street interviews: Dubliners weigh in on co-buying
The risks of joint mortgages: What if the relationship ends?
Lauren's experience: Buying with a partner before marriage
Mortgage broker perspective: Is co-buying a necessity?
Legal advice: Why friends need separate solicitors
Financial pitfalls: Help to Buy, fixed rates, and costs
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