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New loan models for home ownership
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Homes in the Richmond neighbourhood of San Francisco, California. A wide mix of partnership models now offers potential home buyers deals that lie somewhere between ownership and renting, with one or more parties – besides the mortgage company – having a stake in your home.
PHOTO: BLOOMBERG
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(NYTIMES) - The housing market was maddening for first-time buyers even before the pandemic spurred a crush of sales last year. Now a number of companies ranging from billionaire-backed tech firms to nonprofit housing groups are competing in a small but quickly growing segment of the market with a shared pitch: Don't go it alone.
A wide mix of partnership models offers potential home buyers deals that lie somewhere between ownership and renting. One or more parties (besides the mortgage company) have a stake in your home.
