u/doff232

Bit of background: 26M, ~$77k gross, $20k savings, $32k investments, $38k KiwiSaver, no debt. I have about $1,300/month free to put toward savings or investing.

Option A: Buy first home with my mum, who’s in a similar financial position also her first home. She and my younger brother would live in it — I’d pay half the mortgage, she’d cover other running costs. We’re planning on a 50/50 ownership split even though our financial contributions aren’t equal (we’re both fine with this). After 3-4 years, one of us buys the other out.

Option B: Keep saving/investing solo until I can buy on my own.

I get the risks and trade-offs of both — just curious if anyone’s been in a similar situation and how it played out for you.