Buying a house with 9 friends

[JuntMonkey]

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Home prices aren't static. In an average market you can expect a million dollar home to appreciate about 4% each year. If you're investing the difference it's just as easy to lose 5-10% as it is to make it, plus you have to pay taxes on your earnings. In real estate, you have big upside potential if you buy at a good time and sell during a huge runnup.

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The home value can also go down 4% or more in any given year. Diversified investing will give you an average of 5-10% each year - you can't pretend that home values are consistently +4% while the stock market is all over the place. They're both up and down.

[adanthar]

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OP,

F all the haters. When I was 21 I went in with 99 friends and we got a $5M mansion, it was pretty sweet.

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This only works if you can piledrive them when they disagree with you, though.

[youtalkfunny]

Didn't read the thread.

Didn't even read the OP.

This is a horrible idea, and I can't imagine what could possibly be debated about it in this thread.

[neuroman]

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LLC

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insightful