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He/she who earns (most of) the money will make the financial decisions, the SO can give input, but they should never be on the same level unless they both provide the same amount of money to the purchase.
Hey, it works great for my father-in-law (who is also quite adept at dodging wine glasses thrown at his head, pretending he's deaf and usually inciting WWIII around the house whenever he loudly moans about having to pay for something).
Problem is, his wife generally keeps his life & house in order (including the kids). Hard to put a price on that.
He/she who earns (most of) the money will make the financial decisions, the SO can give input, but they should never be on the same level unless they both provide the same amount of money to the purchase.
Hey, it works great for my father-in-law (who is also quite adept at dodging wine glasses thrown at his head, pretending he's deaf and usually inciting WWIII around the house whenever he loudly moans about having to pay for something).
Problem is, his wife generally keeps his life & house in order (including the kids). Hard to put a price on that.
Wow, he must be a 'nice' guy then. That wouldn't fly in my book, I'd hire a maid/nanny as needed instead.
Compromise has been reached. We will share responsibilities, stuff i don't like will be done by her or we hire someone, yes we can afford it. For cleanliness portion, I will have my private room along with shared Master which will stay in clean environment and she will have basement to fill with junk. Basement will lots of junk will be her roaming area.
I have been searching home for almost 5 yrs and this one we both liked, so have to compromise. House is 3X space including basement than 900 sq ft apt. with 2 kids we could use the space. It is not a financial decision, I would have waited till interest rates were 8% and house prices were 1/2 given I have more than enough for Downpayment.
House is great was build by contractor for himself but then got divorced , single 4bd 2.5 bath 1/2 acre , with little stream in the back. Compare to NJ or CA or NY its amazing but keep in mind that people's salaries are low in PA. Standard of living will be same or slightly better.
Glad to hear that you got things worked out.
Our economy is so fucked, I don't think that we'll see 8% interest rates again in out lifetime, at least as long as the current US dollar is used as our currency.
If you can comfortably afford it all, then you are good, really. At this point, I don't think that we will be seeing any other "deep discounts" on real estate thanks to heavy-handed central planning measures. Now's as good (or bad if you prefer) of a time as any in the next 5+ years to buy.
House is great was build by contractor for himself but then got divorced
I lived in a house built by a contractor for himself and his wife. He died in the house too. It was not a great house--not very well built. Lots of stupid decisions about roofing, siding and drainage. But it had million dollar, all bridge and bay views. And some cool features.
It was wired for radio inside and out. When we first moved in, I turned one of the dials on the control panel and didn't hear anything, so I just left it. In the morning, I went outside to discover my neighbors had been treated to loud country music all night long!
We even found some secret hiding places for who knows what. We agreed he probably hid coke in the house because we found other artifacts which indicated he and his wife were 70's party royalty. She left a closet full of liquor (some from private labels) and commemorative alcohol glasses from various political happenings.
Even though it leaked and mushrooms grew in the closets, I miss that place.
I lived in a house built by a contractor for himself and his wife
We also live in a house a contractor built for himself. He was a cabinat maker by trade, so there is an 800sq ft shop, completely wired. He also has the place wired for sound.
I have a huge office, but the kitchen is a little small with a ton of cabinets. There are tons of built ins.
I think KgK one did due diligence, and that is a very good thing.
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My wife has hard time managing our 2 bedroom apt but she wants a home now. Her parents, her cousins, and our friends now have a home and they have made her home purchasing zombie. My plan was to get a reasonable home that I can easily rent, when I move out. But since the differnce was about 50 K between a town home and a single, we went for single. She is very bad with math, she got convinced that we are throwing money out on rental eventhough my cost is less than half of owning a 300 K home.
She also thinks its an investment. My realtor has brainwashed her. I fought for 6 years but since we liked the home we are buying it.
Question is how do I make sure that she maintains the home and all the extra work without making me do it. I would work more but this home is being bought primarily for her prestige.
#housing