'Houses before spouses': This Austin woman went viral on TikTok for buying 6 properties with friends. Does her hustle explain why single women now own more homes than single men?
Kristina Modares bought her first house at age 25.
The Austin, Texas, resident is no Rockefeller, but she and a friend pooled their money together and realized they could afford to buy property, she revealed in one of her TikToks.
According to a LendingTree study released earlier this year, single women own 2.7 million more houses than their male counterparts in 47 of the 50 U.S. states — this, despite the fact that women’s median weekly earnings are only 83% of men’s.
In total, Modares now owns six properties — all of which she purchased with friends, she explained in another viral video.
She currently runs a real estate business, famous for its slogan, ‘Houses Before Spouses.’ Modares said that she and her business partner coined this term as a way to encourage young, single people to consider home ownership as a viable financial option, even if they’re not partnered.
“People buy with their spouses all the time, why is this any different?” she added.
Modares isn’t alone either. According to a survey from U.S. surety bond provider, JW Surety Bonds, 13% of Americans had purchased a home in recent years with a non-romantic partner, such as a sibling, friend or parent.
Why is this happening?
Nearly 25% of those who have bought homes with non-romantic partners revealed they couldn’t have afforded a home on their own, according to the JW Surety Bonds survey.
The study further breaks down whom the respondants would prefer to co-own property with — with friends and siblings coming in at almost equal levels.
Topic: Would you buy a house with a friend? Almost half of (Read 120 times)