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re: Buying a house with my Girlfriend?
Posted on 6/27/21 at 12:58 pm to Curado Roy
Posted on 6/27/21 at 12:58 pm to Curado Roy
quote:
Thoughts and ideas on this?
Back story: We have been together for 10 months. We both live with our parents, and we both have full-time jobs. We both make the same amount of money each year and we both have the exact same amount of cash on hand.
We both love each other and think things are going great. We rarely argue over anything (I know this will change when we move in together haha) and our relationship is strong.
I believe in the saying "you don't know someone until you live with them" but we are both very not interested in renting as we are both saving tremendously from doing so.
Rent until you marry her.
0
Posted on 6/27/21 at 12:59 pm to Curado Roy
If she wants to marry you after 10 months I’d seriously reconsider this relationship. If you aren’t getting married, why buy a house together? The only way I’d even consider this is buying something cheap like a condo or very small house in your name only with the idea of flipping or renting later. If she wants you to buy a big family home after 10 months I’d run from this screaming.
Posted on 6/27/21 at 1:33 pm to Curado Roy
(no message)
This post was edited on 7/25/22 at 5:25 pm
Posted on 6/27/21 at 2:15 pm to Curado Roy
Surely this is a troll.
Posted on 6/27/21 at 2:17 pm to Curado Roy
quote:
Buying a house with my Girlfriend?
Jesus Christ. How about you buy a house and she can move in once after you’re engaged and the wedding is close or you get married.
Posted on 6/27/21 at 2:28 pm to Curado Roy
I would wait until married. Too much headache with the house if y’all decided to split. What’s the harm in renting for a year? Yea it might feel like throwing money away but let’s be real once you buy a house it’s just the start. Before you know it your furnishing the house, building a fence, etc and all the other expenses that goes along.
Posted on 6/27/21 at 2:43 pm to Curado Roy
If you rent for a year, then decide to buy a house, you might lose a little money.
If you buy now then split up, you are going to cause yourself a lot more headaches and possibly money.
Real estate prices are so stupid high right now I would not buy unless I was committed to living there 5 years. Don’t know how you can make that commit right now
If you buy now then split up, you are going to cause yourself a lot more headaches and possibly money.
Real estate prices are so stupid high right now I would not buy unless I was committed to living there 5 years. Don’t know how you can make that commit right now
Posted on 6/27/21 at 4:17 pm to Curado Roy
Get married if you want to buy a house together.
Otherwise, you are setting yourself up for inevitable failure.
Jordan Peterson on marriage
Otherwise, you are setting yourself up for inevitable failure.
Jordan Peterson on marriage
Posted on 6/27/21 at 4:22 pm to bubbz
quote:
Do it, you can’t buy the car until you test drive it.
They should test drive in an apartment or rent. Buying a house together isn’t test driving
Posted on 6/27/21 at 5:19 pm to Curado Roy
quote:
I believe in the saying "you don't know someone until you live with them" but we are both very not interested in renting as we are both saving tremendously from doing so.
What’s going to cost more? A 20% down payment, realtor fees and other home costs or one year of renting?
If y’all buy a house together and split, it won’t end well. If you really think there’s no chance that happens, then get married.
Even if I got the house after the breakup, I wouldn’t want to live in a house my ex picked out.
Posted on 6/27/21 at 6:48 pm to Curado Roy
The house I live in now I bought from a boyfriend and girlfriend living together that broke up. It was pretty awkward during the closing process and it was hard for the realtor to have a single point of contact to solve issues. They owned the house together for a year and ended up losing money on it I'm sure. So you are committed to each other enough to sign your names on probably a 30 year mortgage, $100K plus investment but not enough to get married?
If you must, rent an apartment and buy a dog together first.
If you must, rent an apartment and buy a dog together first.
Posted on 6/27/21 at 7:15 pm to Curado Roy
why not just rent an apartment at first to try out the living arrangement.
Posted on 6/27/21 at 8:04 pm to Curado Roy
Posted on 6/27/21 at 10:48 pm to Curado Roy
Do not buy anything with anyone who isn't your spouse.
Terrible idea.
Terrible idea.
Posted on 6/28/21 at 8:44 am to Tiger Prawn
quote:
Right now, housing prices are sky high. There's no guarantee they'll continue to stay that high, especially once the foreclosure moratoriums end. If there's a flood of foreclosures that start hitting the market, its probably going to drive the real estate market prices down. So if things don't work out for whatever reason and yall need to sell the house, you may have a lot harder time selling the house in a year compared to the current market. You may end up having to sell for less than you paid. Unless housing prices continue to rise, you still are likely to eat a loss by time you pay realtor commissions on the sale price plus any seller concessions for closing costs. Or the alternative is that if things don't work out, is one of you willing to buy out the other's interest and be able to qualify for a mortgage by themself since you'd need to refinance it in one borrower's name.
Its a big commitment so just be sure to think it all through with the head on your neck, not just the one in your pants.
This was similar to my initial thoughts as well. If you are going to do this, you both need to sit down and figure out how you will handle a split. Does one of you keep the house? Do you sell? If you have to sell at a loss, can you potentially cover it or will yall be stuck together for awhile?
Given the current housing market, it would make sense to rent for 6 months, then look into buying a house. The foreclosure moratorium is "supposed' to end in the fall. This could give you a lot more options at a better price. So, that money you are paying someone else instead of building equity could actually keep you from being underwater on your mortgage when prices start coming down.
Posted on 6/28/21 at 9:49 am to Curado Roy
As an old guy most happy in his third marriage, I agree with most of the advice here that it is best to rent a nice place for year. Housing market is kind of crazy now anyway.
If you proceed in any event, you need a clear agreement so that if the relationship ends up on the rocks, the house will become an investment property in a business partnership.
Posted on 6/28/21 at 10:18 am to Curado Roy
Can either of you afford it on your own? If no, the that’s your answer. If yes, and you really want a house, then determine who is better suited to make the purchase. That person owns the home and then agree what the other will contribute as a “rent” payment. If you get married it all works out and money is shared anyway. If it doesn’t, then one person can walk away. The other is “stuck” with the house, but presumably they wanted it anyway.
Posted on 6/28/21 at 10:19 am to Curado Roy
Put mortgage in her name but your name on the deed. That way when you eventually cheat with a BBW then you will still have claim to the property.
Posted on 6/28/21 at 10:22 am to Curado Roy
quote:
Buying a house with my Girlfriend?
quote:
Thoughts and ideas on this?
you're gonna want to marry this girl before you do that.
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