The problem with that is that, in practice, people barely have money to buy the house they live in and basically no one:
1) Has 500k just laying around ready buy a house out of the blue ...
2) ... that also happens to be an almost identical house next to yours.
So, 99.9999% of times it goes into the market, and the other parties feel betrayed, but the seller wants (or needs!) to sell, and things get ugly, brothers stop being brothers, etc ...
I wouldn't do it.
I also don't like the idea of having friends/family right next to me. Same neighborhood is really really nice, but same lot? Nah!
> I also don't like the idea of having friends/family right next to me. Same neighborhood is really really nice, but same lot? Nah!
There was a time in my 30s when I was a part of a very close-knit group of friends. We actually talked about the idea of building a friend compound, perhaps much later in life during our retirement years, and we were enthusiastic about it.
These days (mid-40s now), I'm still friends with all those people, but I agree that I don't need them to be on the same lot with me. I would love it if we all lived in the same neighborhood, though. Fortunately we're almost all still in the same city, at least.
I think it'd be good to start with a friends compound but then as you age, purchase additional lots so once everyone had families it would essentially be a neighborhood of friends. I'm not sure how you'd actually do that in real life without doing a bunch of new builds on land you prepurchased for that purpose though.
