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...Friends-reared generation that is remaining single longer, being housemates makes perfect sense not just financially but socially too. "What are you going to do--come home to an empty house every night?" asks James Cartlidge, who in 2004 co-founded Share to Buy, a British firm that helps co-hos get mortgages. Erik Carter, 29, a law student in San Diego, is considering buying a house (and a spectacularly large house at that) with four other people: his girlfriend, another couple and a fifth friend. "It's like a reversion to the old extended family," he says...

Author: /time Magazine | Title: Should You Become a Co-Ho? | 8/21/2008 | See Source »

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...

Author: /time Magazine | Title: Should You Become a Co-Ho? | 8/21/2008 | See Source »

...that buying is out of reach--there will probably be more co-hos. "Once I started talking about it, I had people saying, 'Maybe I could go in with you,'" says Catesby Holmes, 26, a travel editor in New York City who is shopping for an apartment with two friends. "I thought, This is going to be a 10-person house. I had to say 'Maybe you should find your own.'" Or, rather, find one with a friend...

Author: /time Magazine | Title: Should You Become a Co-Ho? | 8/21/2008 | See Source »

...identity as an African American. Along the path, he was drawn to a number of older black men who argued that America's racial divide is absolute and unbridgeable. Obama recalls a visit as a teenager to the home of a black man his white grandfather considered a friend. To his surprise, the man explained that it was hopeless to think any white man could truly befriend someone black. "He can't know me," the man said of Obama's grandfather. No matter how close they might seem, "I still have to watch myself...

Author: /time Magazine | Title: The Five Faces of Barack Obama | 8/21/2008 | See Source »

...with the black man who told Obama that a true friendship with his white grandfather wasn't possible. The man's name was Frank Marshall Davis, and in the 1930s, '40s and early '50s he was a well-known poet, journalist and civil rights and labor activist. Like his friend Paul Robeson and others, Davis perceived the Soviet Union as a "staunch foe of racism" (as he later put it in his memoirs), and at one point he joined the Communist Party. "I worked with all kinds of groups," Davis explained. "My sole criterion was this: Are you with...

Author: /time Magazine | Title: The Five Faces of Barack Obama | 8/21/2008 | See Source »

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