Buying a vacation home jointly with friends or relatives. If you cannot afford to buy a vacation home on your own, there is nothing wrong with sharing the cost with friends or relatives and jointly owning a property that you can take turns using.
However, sharing a house with several people requires cooperation not only at the time of purchase, but also in the long run. If someone is unable to pay for the operation and maintenance of the vacation home or the loan, will the others be able to cover that person's share? Also, what if someone wants to leave joint ownership in the future? Can someone else buy out that person's share of the property?
Not only the situation regarding the building and the surrounding area, but also the relationships among the co-purchasers may change in the future.