With talk of how difficult it is to purchase a home in Toronto in 2017, there will undoubtedly come talk of alternatives.
Moving out of the city is one alternative, no doubt about it. This is a topic we’ve explored before several times.
But I’m hearing a lot about “co-ownership,” and I don’t mean buying a co-op as an alternative to a condominium, but rather the idea of, say, two young couples, pooling their money to buy a duplex.
The advantage is obvious: getting into the market, and owning real estate. But today I want to look at the disadvantages, and what could go wrong…