The only situation of shared ownership that I am familiar with was withing an extended family. Three couples each bought one third. Overall it was a success but I heard second-hand of disagreements among the parties and the difficulty of sorting it out. For example, "I think we should remodel the kitchen". "We should replace the carpeting" etc. This group was very cooperative on splitting up the time but I believe that could become a source of frustration as well.
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