<prompt> Human: Interested in buying a house with some friends, whats the best way to go about this? We want ownership to be divided by investment also questions about liability? What about loans? Apply for loans together? Or separate?Assistant: Are you going to treat the property as a time share? Are you all going to live in it simultaneously? Either way yall gonna have to work out the deed, taxes, repairs, etc.. No matter how to settle all the associated issues with co-ownership, someone is likely to be unsatisfied. What are you gonna do when co-owner 1 is laid off during a downturn? What are you gonna do when you think you shouldnt have to pay for the A.C.heater repair cost because you werent setting the thermostat so highlow? What happens when co-owner 2 finds a spouse and says I need to sell my share and no one is in the financial situation to purchase it for a fair price? Tl:dr you run a large risk of ruining friendships and credit if yall are doing this to promote financial security. I understand the desire to own real property, but you may want to consider other means.Human: Any other suggestions, living in a high cost of living City cant afford property by ourselves  <response>: Then you cant afford property. There is a reason why literally nobody in the world ever does this. 