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L.A. homebuyers are teaming up. Where does that leave renters?

Los Angeles has one of the country’s most expensive housing markets, leading buyers to band together with others to split the cost of a property. This developing trend helps to cut prices for some, but also has a downside.

Pedestrians walk past new apartments in Los Angeles, California. 
Pedestrians walk past new apartments in Los Angeles, California. 
FREDERIC J. BROWN/AFP

Los Angeles has one of the country’s most expensive housing markets, leading buyers to band together with others to split the cost of a property. This developing trend helps to cut prices for some, but also has a downside.

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