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...young and don't have a lot of money but smell opportunity in a soft real estate market and want to start building equity ASAP, even if it comes before the wife, kids and golden retriever. "On my own, I might have been able to buy a one-bedroom condo, but that would have been pushing it," says Kovack. Instead, he and Katz live in a 2,300-sq.-ft. (about 215 sq m) three-bedroom row house with stainless-steel appliances and a deck out back. They split the mortgage, the tax break, the cost of upkeep...
Families, though, are built for mingled finances. Friendships, we're told, are not. "My parents were very nervous," says Tanja Gabrovsek, 35, a nurse who bought a three-bedroom row house in San Francisco with her friend and colleague Simin Marefat, 34. Signing a mortgage means you're on the hook financially; the bank doesn't care if you're not the one whose check is late. So what happens if someone loses a job? Or wants to move...
RENTS FOR $1,400/NIGHT A CODY HOUSE Gregg Rapp's light-soaked (and marble-clad) three bedroom is available for two-night-minimum stays
RENTS FOR $2,600/NIGHT TWIN PALMS Art appreciation doesn't come cheap. Sinatra, above in 1964, in his four-bedroom manse, which has a piano-shaped pool...
RENTS FOR $295/NIGHT AN ALEXANDER HOUSE Chris Menrad's airy three bedroom was one of the city's early Modernist experiments in tract housing...