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Co-Ownership 101: The Housing Solution for Densification, Sharing & Affordability
Manage episode 469978423 series 3482799
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In this episode of the Less House More Moola podcast, host Laura interviews Pam Hughes, co-founder of Co-Buy, to discuss the concept of co-buying homes. They explore the challenges and complexities of co-ownership, the importance of financial literacy, and how co-buying can serve as a solution to current housing market issues. Pam shares insights on the co-ownership journey, the necessity of co-ownership agreements, and the benefits of pooling resources to achieve home ownership. The conversation highlights the evolving landscape of home buying, particularly among younger generations and multi-generational households. In this conversation, Pam Hughes discusses the essential elements of co-ownership, emphasizing the importance of transparency and accountability among co-buyers. She outlines the phases of co-ownership, including planning, management, and exit strategies, while addressing the challenges that arise in these arrangements. The discussion highlights the growing trend of community living as a remedy for loneliness and the need for effective communication among co-owners. Additionally, Pam provides insights on how to find the right team of professionals for co-buying and the importance of education and resources for prospective co-owners.
Pam Links
Go to thetinyhouseadviser.com
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