Would you buy a house with a stranger?

tomstickland

Not a question I'm asking, but a very entertaining program I've just watched on BBC3.
Bascially one 22 year old girl who couldn't afford to buy a flat had to choose one of three vaguely unsuitable/incompatible other people to co buy with.

It was so badly entertaining that I was shouting "noooooo don't do it" at the TV, but they did and it lead to lots of tears and other misery.

TBH I just thought "what's wrong with renting".

The other bad thing was was the voiceover "property prices have doubled in the last 5 years, so this £130K flat will be a good investment for the buyers, allowing them to buy a place of their own when they sell".

Robert_Sterling_3

It might depend on how strange the stranger was.

Spendless

Nope I wouldn't. Mr Spendless did exactly this last time there was a housing boom. A suggestion made by his company cos him and other bloke were being transferred to same area. Other lad did a bunk and left hubby with flat, the mortgage was £5 less a month than he earned. It was repossessed and sold at a big loss cos the prices went down. He was paying back bank for many years until they accepted a !!!!!!, and he had to borrow money in order to do this. We paid it off the month before our eldest was due.

Ian_W

Or if it was a she ... how unstrange she was!!

tomstickland

Er, what? I don't understand LOL.

canny_yorkshireman_2

look now the biggest comittment of of your life with a stranger think about it deep and hard and then make your own conclusions but if i was you wait till the housing market corrects then you will be able to buy outright on yer own.

tomstickland

I have no intention of buying with a stranger. If I did buy with someone else then it'd need to be a good friend. I was just commenting on some trash TV I watched.

burbs_2

Depends how big her ti............... No, better not say it!!

theGrinch

burbs wrote:

Depends how big her ti............... No, better not say it!!

are your suggesting that property always comes back to mammary glands, whether it be buying with a stranger or property ladder? sounds pretty hands on advice.

Hermia

I wouldn't buy a property with a friend let alone a stranger! I've seen too many people fall out, especially when one of them wants to move on and the other doesn't want to lose the flat, but can't afford to buy them out.

HGLTsuperstar

tomstickland wrote:

I have no intention of buying with a stranger. If I did buy with someone else then it'd need to be a good friend.

but they wouldn't stay a good friend for long, quickest way to ruin a friendship!