Tenancies in Common have gained popularity in San Francisco for two main reasons. First, San Francisco is land-locked which curtails new home growth and housing development. Second, housing regulation –specifically condo conversion restrictions- limits the supply of individually owned single unit housing. As such tenancy in common has become more advantageous. Some benefits of TIC include:
Maximization of Buying Power: Buyers are able to pool their resources with other buyers and access much more real estate collectively than they could individually. This gives buyers a greater selection of homes from which to choose as they aren’t limited by only single family homes or condos.