Guest Speaker: Oliver Dang, Him and his family share a house with another couple.
As housing prices climb in the city many people really have to get creative as to how they can own a home in the city and Shared Ownership is a great option.
• Was it difficult to get everyone on board with the idea?
• How they handled the finances and who they put on title
• Did they put together any kind of formal agreement for living together?
• How has it worked out?
• How do they divide the
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snow-shovelling and exterior home maintenance?
• How did they decide which part of the house each couple would live in?
• Did it take them a long time to find a place?
• Were any renovations required?
• Do they have life insurance on each other?
• What kinds of contingencies do they have in place if one couple wants out or divorces?
• How much longer will continue with this arrangement?
• Is shared ownership a stepping stone to eventually owning the home or condo?
• What was their biggest fear about shared ownership?
• What they like best about shared ownership?
• Would they recommend shared ownership?
• Have they built up equity in their home?
• Advice they have for the ones who are on the fence about doing a Shared Ownership arrangement
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