Nah I fully get that. But what I’m saying is that, hypothetically, I have a home that I’m paying a mortgage on. Just because I am intimately involved with someone that I’m not married to, that entitles her equity in my property if I charge her rent? I also mentioned in in another reply, she did not help with repairs, merely paid a reasonable rent. What exactly, in your view, is the defining line between having ownership stake or not? I’m not trying to be argumentative, just curious for your perspective.
I really don’t have a defining line. It’s very grey for me. I wouldn’t expect someone to take out a HELOC to pay out equity for their girlfriend that moved into a house, that he already owned, for six months. But on the other extreme, a couple that has been living together for five years feels like she should get something. Especially if she helped with the down payment like my GF did.
Where the line between these two extremes is? I don’t really have a catch all answer. It’d have to be case by case.
On helping with the down payment, I would absolutely agree with you, especially if y’all are in agreement that you’re buying it together. Now your other comment make more sense.
That’s a completely different story than already having your own place and inviting someone to live with you. Maybe it’s just me, but I would want my gf to pay a fair share of living expenses, even if I were managing it on my own or with a roommate (I’m married and we’re stuck renting for now, so this was all hypothetical anyway).
I fully agree. I don’t think people should be getting free rides, it just starts to feel weird when an investment is seen as an expense that someone is expected to contribute to.
Utilities and shit though? 50/50 for sure. No greyness there. Another guy said they split the interest payment which I also think is fine. It’s really only the principle where I start to feel gross.
(Well maybe not 50/50. I need my gigabit internet at any cost)
Nah I fully get that. But what I’m saying is that, hypothetically, I have a home that I’m paying a mortgage on. Just because I am intimately involved with someone that I’m not married to, that entitles her equity in my property if I charge her rent? I also mentioned in in another reply, she did not help with repairs, merely paid a reasonable rent. What exactly, in your view, is the defining line between having ownership stake or not? I’m not trying to be argumentative, just curious for your perspective.
I really don’t have a defining line. It’s very grey for me. I wouldn’t expect someone to take out a HELOC to pay out equity for their girlfriend that moved into a house, that he already owned, for six months. But on the other extreme, a couple that has been living together for five years feels like she should get something. Especially if she helped with the down payment like my GF did.
Where the line between these two extremes is? I don’t really have a catch all answer. It’d have to be case by case.
On helping with the down payment, I would absolutely agree with you, especially if y’all are in agreement that you’re buying it together. Now your other comment make more sense.
That’s a completely different story than already having your own place and inviting someone to live with you. Maybe it’s just me, but I would want my gf to pay a fair share of living expenses, even if I were managing it on my own or with a roommate (I’m married and we’re stuck renting for now, so this was all hypothetical anyway).
I fully agree. I don’t think people should be getting free rides, it just starts to feel weird when an investment is seen as an expense that someone is expected to contribute to.
Utilities and shit though? 50/50 for sure. No greyness there. Another guy said they split the interest payment which I also think is fine. It’s really only the principle where I start to feel gross.
(Well maybe not 50/50. I need my gigabit internet at any cost)