Advice for buying a house with someone else

The idea of sharing a house with someone else, on the surface, seems like a great way to have your own home while not having to pay full price for it. Everything can be shared — the cost of the home,  its maintenance, any mortgage payments — but you get to enjoy the full benefits of your own place. Plus, since costs are shared, both of you have more purchasing power to spend on other things. This idea can be very tempting especially for those who are tired of paying rent, knowing that all that rent money just goes down the drain. every month Besides, if you are buying a house together with your best friend, your business partner, a work colleague, or even a relative, what can go wrong?

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