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COVID and the housing market
- Thread starter mimico_polak
- Start date
He split from his wife? He's hosed regardless.
I never met her but in the looks department she was a 9 or 10. It will be interesting to see with these real estate windfalls if that makes separations easier or harder (or the people still leave with nothing but the lawyers are making bank).
bigpoppa
Well-known member
it'll just push the divorcees out of the GTA into the sticks, I hear timmins is affordable
They'll never be able to afford in the GTA again, not with 2 income much less 1
I was just gonna say that. It happened to me but instead of going to Timmins I am back to renting a house after owning 3. Luckily I got a great deal and a nice house. But I'm bitter as hell.
D
Deleted member 50930
Guest
Looking for a creative ways to convince my partner to sign a prenuptial agreement..
Im not about to loose my future home after working so hard ..
She isnt happy with % of contribution towards downpayment amount.. BEcause we dont make the same income. WTF?
/rant
Im not about to loose my future home after working so hard ..
She isnt happy with % of contribution towards downpayment amount.. BEcause we dont make the same income. WTF?
/rant
It gets really complicated to try to track every dollar and aportion ownership. If you were really worried, you could put the house in a corporation and then rent it to keep things clean but that complicates the mortgage (and capital gains exemption). On the upside Corp clearly lays out ownership up front.Looking for a creative ways to convince my partner to sign a prenuptial agreement..
Im not about to loose my future home after working so hard ..
She isnt happy with % of contribution towards downpayment amount.. BEcause we dont make the same income. WTF?
/rant
What if you put in 90% of down payment but she wins the lottery or a long-lost aunt dies and she pays off the mortgage? Does the percentage ownership change? What if you are paying the mortgage and she is paying for groceries, does that mean the house is yours alone? What about the opposite? What about a repair, does that change ownership percentage based on who paid for it? Way too ugly for me.
In the grand scheme of things, what are we talking about here, +/- $100K? If you split up, that will be the least of your issues.
bigpoppa
Well-known member
notice all the guys on the forum doing all the cool **** dont have any kids? Going on long rides constantly, or round the world....not a coincidence, think long and hard before doing the whole marriage/kids thing.Looking for a creative ways to convince my partner to sign a prenuptial agreement..
Im not about to loose my future home after working so hard ..
She isnt happy with % of contribution towards downpayment amount.. BEcause we dont make the same income. WTF?
/rant
bigpoppa
Well-known member
sink smells better
Ideally (I have been through this) you should both be putting the same percentage of your take-home pay towards the house costs, both down pymt and mortgage payments. Or as close as reasonably possible,. And if you have other expenses such as child support or alimony, that's your problem not hers.Looking for a creative ways to convince my partner to sign a prenuptial agreement..
Im not about to loose my future home after working so hard ..
She isnt happy with % of contribution towards downpayment amount.. BEcause we dont make the same income. WTF?
/rant
Good luck not going to happen.Looking for a creative ways to convince my partner to sign a prenuptial agreement..
Im not about to loose my future home after working so hard ..
She isnt happy with % of contribution towards downpayment amount.. BEcause we dont make the same income. WTF?
/rant
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Mad Mike
Well-known member
When I lived in Santa Barbara, they used to throw beer bash and vacation parties for their transient homeless. All the hotdogs and beer you could drink, then a free greyhound bus ticket to anywhere you wanted to go with $500 visa cash card that could be picked up at a local WesternUnion at the destination.Every city has a different way of dealing with homeless people. Lots of bleeding hearts criticize the cops and politicians, but nobody wants them living in their backyard.
A Better Tent City to move into temporary location in Kitchener
A Better Tent City is moving into a new temporary home in the City of Kitchener.beta.ctvnews.ca
The problem is, I suspect much of the down payment may be coming from his stonks. How do you factor what is basically a lottery win into take-home pay? For ongoing payments, your idea is about as good as it gets.
D
Deleted member 50930
Guest
It wasn't exactly like the lottery I spent time writing code and doing research -_-"
I’m an idealist of some sort I guess. In my view, a prenup equals a backup plan or a one foot out the door mentality and prevents me from being fully committed to the relationship on a truly long term basis. I’d rather be single than be in a relationship with a prenup.
If the relationship doesn’t work out for some reason then so be it. At least I was always really invested in it and striving to reach what I consider to be the full potential of the relationship.
Depending on your partners mentality….good way to end up single.Looking for a creative ways to convince my partner to sign a prenuptial agreement..
Im not about to loose my future home after working so hard ..
She isnt happy with % of contribution towards downpayment amount.. BEcause we dont make the same income. WTF?
/rant
plus I’ve seen prenups shredded by good lawyers.
This.
If you split up, the courts would divide things 50/50 usually. Lawyers take a big chunk of course.
Doesn't matter how much each of the couple contributed to the marital estate. (Common law marriage after 6 months)
It is divided equally. After debt and legal is paid.
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