Rent or buy

dogsrule2019 · 2022-10-13T04:36:44+00:00

If u have 500k in equity I'd go the route of that instead of monthly. If the mkt eases and values fall you're better off. I'm assuming she works and has income. If not the equity won't do her any good.... Good luck, brother.

Gattsama · 2022-10-13T05:32:36+00:00

So don't know the full details, but if you can complete avoid spousal support or shorten it; do that. We are hopefully getting the house listed 11/2 and I plan to give the STBX an unequal distribution in lieu of alimony. That way I walk away free. That means 100% of my money and earning I have control over.

As for renting vs buying. The market is going to keep getting worst, interest rates are going to increase and inflation is going to likely break 10% this year (and maybe next). If you can wait better deals will be on the market. I have no kids, and rental markets vary along. I'm in the greater Seattle area and it's the same price here to rent a crappy apartment, condo, townhouse or single family home. So I got a single family home even though I don't need that much space.

I think it's best to rent, wait for everything to go into the toilet, buy low (even with a high interest rate) and refinance in 3-8 years when rates come back down. Depending on where tou are there are also a ton of rentals about to come onto the market too.

unsurefamily · 2022-10-12T21:25:17+00:00

Perhaps as a follow-up to this, I wonder if it’s worth it to avoid the spousal alimony by giving her all the equity in our current home. I’m on the hook for 2k in spousal for at least 20 years

dday_throwaway3 · 2022-10-13T13:29:59+00:00

That's personal calculus only you can do, because you have all of the details. You'll never be able to provide enough details for internet strangers to make an informed decision.

Regarding moving out, make sure you aren't doing that before the divorce is final. Here's why: http://forum.mensdivorce.com/viewtopic.php?f=4&t=81622

Title	Rent or buy
Author	unsurefamily
Upvotes	3
Comments	10
Date	October 12, 2022 9:22 PM UTC (3 years ago)
Subreddit	Posted in /r/Divorce_Men
Original Link	https://old.reddit.com/r/Divorce_Men/comments/y2fxwj/rent_or_buy/
Archive Link	https://theredarchive.com/r/Divorce_Men/rent-or-buy.1134016 https://theredarchive.com/post/1134016

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