Denver Residents Buy Homes with Friends

It’s tough for homebuyers in the Denver metro area to spend no more than one-third of their income on housing.

According to 9news, homes in the Denver metro area have become expensive, but wages haven’t kept up. The Denver Business Journal reports that from 2004 to 2014, wages have increased by 27 percent, while home prices have increased 91 percent from 2006 to 2015.

As a solution, many adult members of a family are moving in with each other, for example adult siblings living with their parent. In some cases, friends are pooling their funds to buy a home together.

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