Offer your thoughts or opinion on the input financial query or topic using your financial background.

Should I buy a house with a friend?
Unlike others who have answered the question - I have done this.  Here is my experience - your mileage and friendship may vary: I bought a condo years ago with a longtime childhood friend.  We did it for all the reasons you mentioned - sick of renting and not building equity, were both young, single professionals who had the money.  The market crashed we have both since married and moved on to own other properties with our spouses.  Now we rent out the condo as selling in the current market is not doable..  It's not an ideal situation but that is because of the real estate market - not who I bought with. You need to discuss very openly all of the following scenarios, as well as others I can't think of right now I am sure: If you aren't both 100% in sync with these questions then do not do it. I never understand why some people would buy with a girlfriend/boyfriend but not a good personal friend.  You're more likely to have a falling out with your significant other then a long time close friend.  My advice, have honest, open conversations, about all possible scenarios.  If you feel necessary put somethings down into some sort of legal agreement - with us it was not, and still isn't necessary.