So more and more, people will pool resources to enter the property market. The philosophy being that its better to be in the market than not. Once you’re in the market you can roll with the market.
But if you’re not in it then its just going to get harder and harder. You’ll be on the outside looking in. And then you’ll leave town, which is a real shame for the community. The community needs people to establish themselves here, and for most people that means home ownership.
People teaming up to own property is nothing new.