Tag: tenancy in common
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Buying a Home While Unmarried? The Struggle Is Real
Some call it the single tax for homeownership. Not actually collected by a tax agency, but yes. The single buyer is strangely disadvantaged. Pause for a moment to consider that the median house price is well over $400K. Once prices rise to that level, paying close to $3,000 in monthly housing costs becomes normal in…
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Seniors Want to Know: The Best Way to Hold Title to a Home
Buying a home? Downsizing into a condo community? Maybe you’re acquiring a deed for the first time in many years. And you’re thinking of how your deed will eventually transfer your new home to loved ones. The way you vest ownership with your deed supports your goals. Be ready when the title company poses…
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Sign of the Times: Companies Emerge to Help Friends Acquire Deeds Together
A form of co-ownership called the tenancy in common is picking up steam across the country. Four years ago, a Los Angeles company started turning single-home properties into townhome associations where co-buyers could share living spaces. Then we saw “upzoning” laws take shape. California’s Senate Bill 9 allowed single-unit property owners to split their parcels into multiple housing units.…
