Nancy P. co-owns a 2-flat with friends of 10 years.
Frequently Asked Questions
this is big decision. why should I consider this idea or trust this tool?
We agree. Where and how you live is one of the biggest lifestyle choices you make. That's why it should be EXCEPTIONAL. You shouldn't settle when it comes to your housing.
Shared property ownership (aka 'shared equity') is an chance to handcraft something exceptional - when it's done right. And we want to make sure you start off right, with the right group.
We get that this is a huge decision, so our tool helps settle your biggest fears:
ABOUT FINANCES. Know what your group can actually afford
ABOUT LIVABILITY. Goes over important personal preferences
ABOUT COMMITMENT. Gauges how much effort people can commit
ABOUT TRUST. Encourages being up-front, raises red flags
what does a group evaluation look like?
It's a visually-compelling dashboard with all of your collective information in one place.
what if i'm not ready to commit?
This tool just helps you consider the possibility. You can browse and imagine different groups of people, forever. Just have some fun ... Let your imagination run!
There is no commitment required.
how does this work logistically?
If you’re curious about how this concept can actually work, we're gathering some local resources for digging deeper, such as taking legal recourse if something falls through, lending options for group financing, and typical ownership structures.
Take comfort in our resources - stay tuned.
why are we doing this?
We are not pleased with the two dominant options for housing in America: renting and owning ... and we think a lot of people would agree. We believe there is room for a third option.
We've been working on housing initiatives for a while, and we genuinely think Shared Equity / Property Ownership has potential to provide decent, affordable housing for all.