We came across this article on couples teaming up to buy a house together. It was a little inspired by the old world experience of living around nephews and uncles, and it also obviously came from the idea that real estate was so bloody expensive, said Gregg Mitchell, who along with his brother and their wives moved into their new Brooklyn Brownstone last fall. We suspect it had a lot more to do with the latter than the former! As for this being a trend? In the last several months it seems that more and more that when I’m representing a property, brokers will call and explain that they have two couples coming together, said Paul Zumoff, a broker for The Corcoran Group in New York City. We think there is opportunity for some value arbitrage here but is it worth the potential complications? Just make sure you get a solid pre-nup is all we can say.
Not Quite a Home of Their Own [Fort Wayne.com]