<prompt> Human: 1 or 2 friends and I want to buy a house and live together, is it a good idea? also im not sure what will happen after when we move out because 2 of us will be paying rent and someone will have their name on the house. Im kind of seco d guessing this plan now  <response>: Its only a wise idea if the one person on the mortgagedeed can afford the down payment and mortgage payments all on their own, without help, and plans to live in the house for the foreseeable future 5 years. Then the other people can sign a rental lease agreement. That way, if the roommates move out, the person on the mortgage isnt stuck with a payment they cant make. 