What is it with so many couples, or one of the couple's, obsession with buying a house without thinking about the consequences of it legally, financially and emotionally? Does one half of the couple go along with it to keep the other partner happy? What percentage of these transactions ends in disarray does anyone have an idea? Or is it all boundless happiness apart from a few poor souls?
It's priced high but we can't afford to sell for less.
It's a gamble but we've decided to wait for a few years if need be. Again, not ideal, but we are in agreement that we don't want to be left paying for a house that we don't own for the next 5 or 6 years.
We'd rather hold onto it as an asset and sell when we are in a position that it won't end up haunting us for the next decade.
What is it with so many couples, or one of the couple's, obsession with buying a house without thinking about the consequences of it legally, financially and emotionally? Does one half of the couple go along with it to keep the other partner happy? What percentage of these transactions ends in disarray does anyone have an idea? Or is it all boundless happiness apart from a few poor souls?
Thats a very weird and narrow minded question to put out, many people have absolutely no desire to marry and yet are in long term, stable and loving reationships.
Marriage has been forced upon people for generations by the state, church and society. Is it surprising that some people shun it, and besides if a relationship was to break up surely it is less complicated to get rid of a house without the legal eyes of the state getting involved
What is it with so many couples, or one of the couple's, obsession with buying a house without thinking about the consequences of it legally, financially and emotionally? Does one half of the couple go along with it to keep the other partner happy? What percentage of these transactions ends in disarray does anyone have an idea? Or is it all boundless happiness apart from a few poor souls?
I agree with Bronte - there does seem to be a general lack of foresight with people buying homes together.
No experience of it personally but I would have imagined that the solicitor involved in the transaction would have advised a watertight legal agreement to cover worst case scenarios. Does this not happen? Or is it ignored?
I would suggest that the bubble simply hid this problem, and in many cases both caused and accentuated it.This has only become an issue in light of the economic downturn and fall in property prices.
A friend of mine split with her OH 4 years ago, a year after buying a house. They sold it, split the profit and went their separate ways.
My ex and I split a year ago, a year after buying a house. It's been on the market since. No viewings. It's priced high but we can't afford to sell for less.
Ericson I'm not saying that unmarried people who are couple's gay or hetrosexual or sibling's shouldn't buy a house. You're misunderstanding me. I actually bought my first house with my husband before we got married but we made sure we knew what we were doing.
All I'm getting from AAM are complete messes and more people wanting to get into a mess. Couple's splitting up with no legal agreement as to how to divide the house, one partner trying to buy a house where one partner pays the mortgage but has no title, one partner buying the house but the other is on the dole and not understanding that they will be paying for the person on the dole when they are means tested but pretending they are a 'friend', couple's trying to evade stamp duty when purchasing, couple's splitting up with the house in negative equity, rent not covering the mortgage and people refusing to sell to get out of the mess. Couple's splitting up and wanting to sell one half to the new partner and not knowing how to deal with the equity either positive or negative.
People who are not married should have a watertight legal agreement in place as to what happens when they split up in relation to the assets/liability. The worst case scenarious seem to mysteriouly be forgotton in the headlong rush to nail down that dream home. That was my point.
In relation to married couple's it is not as complicated as there are more clear legal rules in relation to this.
Normally its ignored!
What is it with so many couples, or one of the couple's, obsession with buying a house without thinking about the consequences of it legally, financially and emotionally? Does one half of the couple go along with it to keep the other partner happy? What percentage of these transactions ends in disarray does anyone have an idea? Or is it all boundless happiness apart from a few poor souls?
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