Buying a Home With Friends? Treat It Like a Business
Beyond personal disputes, real estate is inherently unpredictable. No contract can account for every possible market fluctuation, job loss, or economic crisis. The 2008 housing crash, for example, left many co-owners in financial ruin, unable to sell their properties for enough to pay off their mortgages. Even in less extreme cases, refinancing can be a challenge—especially in today’s high-interest rate environment.