Co-Buying a House: How Platonic Partners Make It Work

Platonic partners are affording homes by combining their purchasing power. Here's what to know if you're considering this route.

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Updated · 3 min read
Profile photo of Abby Badach Doyle
Written by Abby Badach Doyle
Lead Writer
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Edited by Alice Holbrook
Assigning Editor

Seven years ago, Phil Levin and his girlfriend, Kristen Berman, pondered a common question: Should we move in together?

Levin assumed they’d take a predictable path and find a more affordable apartment outside of pricey San Francisco. But Berman, a behavioral scientist, shared her reservations about leaving their friend network – and some facts to back it up.

“All the behavioral science research shows that that’s one of the worst things you can do for your happiness,” Levin says. 

Instead, the couple rented a Victorian-era mansion in San Francisco’s Hayes Valley neighborhood and invited nine friends to move in. Today, they co-own a multiunit property in Oakland, California, called Radish, which houses 17 adults and two infants.

It took some effort to find the right property and figure out finances. But the now-married couple couldn’t imagine designing their life — or raising their daughter — any other way.

“Being able to have this extended family of ‘aunties’ and ‘uncles’ close by has been wonderful,” Levin says.

Many co-buyers operate on a smaller scale. But no matter the size of your group, co-buying requires extra planning and paperwork. If you’re willing to get vulnerable about your finances and long-term goals, the payoff of companionship can be worth it.

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NBKC - PURCHASE logo
Check Rate

on NBKC

NBKC

4.5

NerdWallet rating 
NBKC - PURCHASE logo

4.5

NerdWallet rating 
Min. credit score 
620

Min. down payment 
3%

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on NBKC

New American Funding - PURCHASE logo
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500

Min. down payment 
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620

Min. down payment 
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Rocket Mortgage - PURCHASE logo
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