How to become time millionaires by living with your friends

A photo of Charlotte Shade smiling up at the camera. She’s holding baby Sherby whose face has been blurred for privacy. Charlotte has a short haircut with bleached blond tips and she’s wearing a pink stripy shirt, pink glasses and gold earrings. Sherby is wearing a pink hand-knitted jumper and a matching pink hat!

Charlotte Shade is a friend of mine and I’ve watched with interest and admiration as her group of housemate/friends have bought a house, had babies and brought them up together in a loving non-nuclear family group.

In this conversation Charlotte and I explore where the idea of buying a house with friends came from, how her group made it happen and what they’ve learnt in the process. Being a lawyer, Charlotte has a unique perspective and set of skills. She created this legal agreement, which enables the group to navigate potentially difficult situations like someone wanting to leave. They have made this agreement open-source so that other groups can use or modify as needed.

I was particularly struck by one thing that Charlotte said:

“I’ve realised that you can just do things differently if you want. You just have to do it. It's not necessarily going to be plain sailing, but when is life ever plain sailing? It's hard. There's going to be difficult things. So why not do something different?”

It struck me that these different pathways are open to us if we have the curiosity to look for them and the patience and confidence to navigate the challenges. It was clear from talking to Charlotte that the gains of energy, time and connection far outweigh the challenges of owning a house with friends. She call her and her partner “time millionaires” and she feels profoundly grateful for her situation.

If you’d like to learn more about the benefits and challenges of co-buying and how to go about it, Charlotte’s house-mate Rupert has written some excellent articles:

This article describes the process they went through to find their house.

This article provides details on the legal and financial side of the process.

This article describes the process of coming up with shared values.

And this article is about having a baby while buying and co-owning a house.

Charlotte’s housemates and the children hanging out at home. The photo is colourful, taken from above. They are are sitting in a circle drinking tea and looking relaxed. The children are playing in the middle. The sun is shining in.

This photo is of Charlotte’s band, National Sensation. At the bottom are black silhouettes of audience members’ heads. Above them the band is playing on stage. Charlotte is sitting at the keyboard, wearing a cape, bathed in yellow light. Myke is looking cool with his white electric guitar and pale striped suit. Bearded Rupert is leaning over a big standing drum bathed in pink light and Jessie is looking cool on the drums with his long blond locks and purple suit.