Would you buy a home with friends? Gen Z's new homeownership hack explained

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(NewsNation) — In a housing market where rising costs have driven the median age of homebuyers to 56 years old, many younger Americans are turning to a new strategy to buy their dream homes: partnering up, platonically, with friends.

This tactic, known as "co-buying," is becoming increasingly popular, with one study saying nearly 15% of Americans have purchased a home with someone who is not a romantic partner and that 70% of those in Gen Z would be willing to do so.

Homebuying experts say co-buying is a viable option for many but not without its risks.

"Because it's a shared financial commitment, you need to be sure everyone's finances are as strong as your relationships," NerdWallet writes.

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