Personally, I think it would make more sense to move into one of the existing homes (most likely the bigger or nicer one) and sell the other. Or make the one you're not living an investment property (rent it out .. some companies and realtor can help with this).
I understand her reasoning but it won't be...
Best answer: Personally, I think it would make more sense to move into one of the existing homes (most likely the bigger or nicer one) and sell the other. Or make the one you're not living an investment property (rent it out .. some companies and realtor can help with this).
I understand her reasoning but it won't be exactly "equal" in pooling the money for the houses or the furniture since it's unlikely you'd get exactly the same amount for both, one of you would still be contributing more than the other. The other part of it is it looks like you have minimal debt right now and you'd be creating some just to buy a house that right now it sounds like you don't actually need. Another point on that is used furniture, you really don't get that much for it anyone looking to buy second hand furniture is looking to save money (even if it's not that old). Now if you're looking towards the future and neither house would suit future needs, then it may make sense to to it her way as well.
My husband and I were both well established when we met. We both owned our own homes. I owned 2 actually and neither had any debt on it. One I lived in, I bought from the bank in a foreclosure sale and paid cash for it. The second used to be my great grandparents cottage/log cabin that they retired to, it left the family for a while and the people who had it before me also foreclosed on it, so I bought that from the bank too. I liked it better that way anyway, no family member can say it isn't mine since well I paid for it. My husband his house was brand new, nicer, bigger and he had a pool so I moved in with him. We lived about 80 miles apart so I had to move, due to his job. My job I can do from anywhere. When he was house shopping he thought of the future, not just when he'd be single. He thought he'd probably get married and have kids at some point so he bought a house that could meet all those needs. He wasn't finding exactly what he wanted so he had one built. The house I lived in, I rented it out for several years and eventually sold it. My cabin, I still have.
Though it was his house my husband was very welcoming and accommodating. He let me change anything I wanted to. I had 2 kids when we got married and he let them do what they wanted with their rooms too (well, within reason) and added a playground for them in the yard before we moved in. We've made changes to it over the years, added an addition, and things like that Eventually, he added me to the deed so it's equally owned by us both now. He's never referred to it as "my house" or reminded me that it is his.
Financially we've always maintained his, hers and theirs accounts. Our theirs account is for our share debts, household expenses, things for the kids, etc. His & hers is personal debts we have. Whatever is in the his or hers accounts, we can do with what we want. Neither of us though is likely to go out and by a range rover and have the other find out when they see it.
5 days ago