Key Points
A casual chat with my best friend turned into a serious discussion about buying a house together.My friend and I were both single she had a kid and I was pregnant, so it made financial sense.Having a friend nearby made parenting as a new mom easier, and it strengthened our friendship...
Even though she lived on the other side of the country in New Jersey, she was just as excited as I was for my impending bundle of joy maybe even more so because of her lifelong love for kids.. During our conversations, one of us said, "We should get a house together.".
Homeownership is perhaps the fastest path to creating generational wealth, and buying a home with a friend cuts your expenses in half, including property taxes and home repairs...
At the time, it had been almost a decade since my bestie and I lived in the same state, but in summer 2001, I sold my condo in California and moved back to my home state of New Jersey..
It would be a houseful of kids with my bestie's daughter and her friends, and of course, my little one wanted to be with the "big" girls..
