Quote:
Originally Posted by eskielover
If you are NOT married DON'T buy a house together. First off it is not community property IF you aren't married.
My daughter lost all her inheritance money when she bought a house with her boyfriend. Not long after they bought it, he decided he wanted to leave & forced the sale of the house. Housing market had crashed & obviously with no divorce judge dividing up the property, she got totally screwed. I would NEVER buy a house with anyone I wasn't married to. Complicated things if one dies too. What tldo the kids do with the property they should have inherited. Yiu are just asking for trouble in the future. Would be a foolish choice. Obviously she is only dealing with this on an emotional level instead of on logical legally thought through terms. If you have to, get a good financial advisor to help you put all the legal paperwork together to protect yourself, your kids, & your investment.
This is not about love. This is a business transaction especially not being married
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Thank you so much for your time and words and they are both very much appreciated. I never did truly want to commit to owning a home together but I agreed that "one day" it would be nice and that I would let her know when I was ready (if that ever happened) and I would put my house up for sale (all the time knowing I would never be until my kids were older). I look back at things as every now and then she would "check in" so to speak to see if I was still on bored for owning a home together. We had talked about how we would get lawyers involved so that what I put into the home would always be mine and what she put in would be hers should we need to sell it one day. Also, she wanted to pay the mortgage by ratio of wages. So, I said that would be fine, but then I would need my ratio to also be mine upon sale if that ever happened and her ratio to be hers upon sale....get this....she never agreed to that!!!! So, I would be paying more into this asset monthly and yet she would reap the rewards if we ever sold? That made ZERO sense to me!!!