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Is Buying Real Estate With a Friend Really a Good Idea? - The New York Times

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For two art enthusiasts who went in together on a “cathedral-esque” country house outside New York City, it seemed brilliant: “Why wouldn’t we do this?”

In the early days of the pandemic, Jonathan Travis and his friend Ethan Rafii were visiting another friend’s country house outside New York City when they began to dream big. What if they pooled their resources and bought a shared house together?

“To be candid, we were having a mushroom experience,” said Mr. Rafii, 38, who works in finance and is a partner in Kettl, a Japanese tea company. He and Mr. Travis had become friends through a shared passion for art.

As they were lounging that night, Mr. Travis suggested that a shared house could be not only a getaway from their Manhattan apartments, but a place to display their collections and maybe start an artists’ residency.

Jonathan Travis and Ethan Rafii, at the dining table of their renovation home.
Friends Jonathan Travis and Ethan Rafii bought a shared country house in Chappaqua, N.Y., where they display their art collections and host an artist residency. Tony Cenicola/The New York Times

Mr. Rafii agreed that it was a great idea, but he didn’t expect to hear about it again. “The next day, he started sending me houses,” Mr. Rafii said. “And I realized this guy was serious.”

To Mr. Travis, 37, buying a house together made a lot of sense. “It was an aha moment,” he said. “We’re both single guys without families, so why not do this together?”


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Is Buying Real Estate With a Friend Really a Good Idea? - The New York Times
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