{"id":142268,"date":"2024-02-09T21:00:20","date_gmt":"2024-02-09T14:00:20","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lawyers-loved-ones-and-stupid-fights-the-perils-of-buying-a-house-with-friends\/"},"modified":"2024-02-09T21:13:40","modified_gmt":"2024-02-09T14:13:40","slug":"lawyers-loved-ones-and-stupid-fights-the-perils-of-buying-a-house-with-friends","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lawyers-loved-ones-and-stupid-fights-the-perils-of-buying-a-house-with-friends\/","title":{"rendered":"Lawyers, loved ones and \u2018stupid fights\u2019: the perils of buying a house with friends"},"content":{"rendered":"


\nFor single Australians, teaming up with a friend or relative might be the only way onto the property ladder. But shared home ownership can strain relationshipsSign up for a weekly email featuring our best readsAt the end of 2021, Sara* dove headfirst into a decision she would later regret. She had made \u201csome money\u201d buying cryptocurrency and wanted to use it to get into the property market. She felt there were two options she could afford: a studio apartment in the city; or teaming up with a friend to split the cost of a house in a regional area. Desperate for extra space after the pandemic, she chose the latter, and the pair bought a little seaside fixer-upper cottage. They planned to do some light renovations, then live there together.Sara was excited about buying with one of her closest friends, someone she\u2019d known for over a decade \u2013 \u201clonger than any relationship I\u2019ve had\u201d. But things unravelled quickly. The renovations blew out, becoming far more expensive than either had anticipated. Interest rates started their rapid ascent, adding extra financial pressure. Sara began to feel that she was doing more renovation work than her buying partner, creating a sense of imbalance. And they started to clash on decisions, big and small. Continue reading…
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\nSource : theguardian.com
\nRead more…Lawyers, loved ones and \u2018stupid fights\u2019: the perils of buying a house with friends<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

For single Australians, teaming up with a friend or relative might be the only way...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-142268","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-B0E","jetpack-related-posts":[{"id":149824,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/buying-a-home-jointly-in-england-and-wales-heres-what-you-need-to-know\/","url_meta":{"origin":142268,"position":0},"title":"Buying a home jointly in England and Wales? Here\u2019s what you need to know","date":"March 15, 2025","format":false,"excerpt":"\r High prices mean teaming up is often necessary \u2013 but it needs straight talking (and legal help) to avoid the pitfallsAverage UK house prices are continuing to march upwards \u2013 rising more than \u00a380 a day last month, according to Nationwide. With affordability an ever-increasing challenge, it is no\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":68888,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/airbnb-is-teaming-up-with-a-local-developer-to-build-a-large-apartment-complex-in-florida\/","url_meta":{"origin":142268,"position":1},"title":"Airbnb is teaming up with a local developer to build a large apartment complex in Florida","date":"October 12, 2017","format":false,"excerpt":"\r Airbnb has joined Miami-based Newgard Development Group to build apartments for home-sharing, further challenging the traditional hotel industry.\r \r Source : cnbc.com\r Read more...Airbnb is teaming up with a local developer to build a large apartment complex in Florida","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":86258,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/my-friend-and-i-are-buying-a-house-but-im-paying-the-whole-deposit\/","url_meta":{"origin":142268,"position":2},"title":"My friend and I are buying a house \u2013\u00a0but I'm paying the whole deposit","date":"April 23, 2018","format":false,"excerpt":"\r I need advice on setting up a deed of trust so I get the \u00a351,000 I\u2019ve paid in back when we sell Q My friend and I are buying a house together. It\u2019s very exciting but also very confusing to know how everything works.We are going to have a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":93278,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/swede-dreams-what-to-expect-from-solanges-collaboration-with-ikea\/","url_meta":{"origin":142268,"position":3},"title":"Swede dreams: what to expect from Solange\u2019s collaboration with Ikea","date":"July 6, 2018","format":false,"excerpt":"\r The interior design brand have enlisted the soul star to work on a new line. What new spin will she put on the BILLY bookcase? Her big sister Beyonc\u00e9 might have missed a trick in not teaming up with R Whites to launch 2016\u2019s Lemonade album \u2013 just imagine\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34562,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chow-brothers-investing-in-auckland-homes\/","url_meta":{"origin":142268,"position":4},"title":"Chow brothers investing in Auckland homes","date":"November 16, 2016","format":false,"excerpt":"\r One of the Chow brothers' property investment vehicles is teaming up with the multi-billion dollar China Railway Zhongji group to build houses in Auckland.Chow-backed Inno Capital - which bought housing company Stonewood in February...\r \r Source : nzherald.co.nz\/Property\r Read more...Chow brothers investing in Auckland homes","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":58210,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/buying-my-own-place-was-an-impossible-dream-heres-how-it-came-true\/","url_meta":{"origin":142268,"position":5},"title":"Buying my own place was an impossible dream \u2013 here\u2019s how it came true","date":"June 17, 2017","format":false,"excerpt":"\r Shared ownership? Buying with a friend? Long commute? For Generation Rent, the options aren\u2019t easy, but it can be doneIf someone had told me at the start of last year that I\u2019d be living in \u2013 scratch that \u2013 owning a two-bedroom loft apartment with a suntrap of a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/142268"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=142268"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/142268\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=142268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=142268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=142268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}