Yeah, I don't have any super connection to marriage from a religious sense or whatever, but things become pretty entangled financially with a house/reno project. Since it will be in both of their names but it's 90% his cash, he will get pretty fucked if things don't work out.Detroit wrote: ↑Mon Apr 04, 2022 2:35 pmD Griff wrote: ↑Mon Apr 04, 2022 2:20 pm
I can assure you they are poorer than you are. I suspect they will basically just find the cheapest, shittiest apartment possible and not do anything throughout the year that costs money. I will get some more details from my buddy when I see him 1:1. I think he had over $100K cash in hand from selling his townhouse and as mentioned, they are both pretty
so probably each had some cash saved up as well. I imagine there is a way to wrap some of the reno cost into the mortgage and/or do a rather low down payment and spend the cash on hand on the project. Hopefully they are at least locking in at a decent interest rate.
I can't help but think he's kind of making a bad call, he had a townhouse he bought for like $120K 10 years ago and the mortgage that goes with that, like $600 or something. His GF refused to move into the place because "she didn't like it" and now he is in this position, they are co-owning this house but it's primarily financed by him and his townhouse profits.
That said, if the market does this forever, I guess it's not a bad move, I'm sure they'll keep the house for a long time to come as long as the relationship works out. It will probably appreciate faster than his townhouse, it's a single family and in a much more desirable area.
Call me old fashioned but I just don't think I would buy a house with someone I wasn't married to.
I'm with you, 0/7 would I buy a house with someone I wasn't married to. I'd be buying it ONLY for myself and if the other wanted to go along, then fine. Not that I think marriage is the only option, but there needs to be some sort of financial commitment between the two people that marriage really helps facilitate.
This project will strain ANY relationship, sadly it'll be a feat if they're still together when it's all done. Hopefully they make it, or the market keeps going nuts so he can flip it.
Hopefully all will be fine, there's no reason to think they won't be. She is cool and a good person, she's certainly not trying to get the once over on him or anything like that, just seems like a lot of stress to deal with. Hell, I would say the year leading up to getting married and also purchasing a house was the worst for my wife and I's relationship out of the six we've been together. Three before that were good and the two married have been good other than the pandemic and associated
, but I think we have both been glad to have each other through all of that.
It's got to be one of the least exciting purchases on anyone's list 
I assume it's like an Aaron's type 
area that pushed out any reasonably priced housing I guess. I imagine Vail, Jackson Hole, Tahoe, etc are similar. 
right around sep 21 to now... The weird part is that people ARE WILLING AND ABLE to pay the upcharge. And that's the part I don't understand. If someone is asking these prices someone is paying. And there doesn't seem to be an end in sight...
me the most. Contractors providing me these insane quotes also claim to be booked 6-9 months out. So they clearly have the work lined up, unless it's all a 
, i own the furnace, A/C and shit..... just get a $99 bill ever three months and pay it 
pretty fast when things go wrong.
if we can get someone to come out and look at it. Luckily, it doesn't get that hot or humid here.