What could you do?
You bought a house to live with your family member, but for many reasons, you don't happy to live in your house. You can't ask your family member moving out because the house is located at a location where is very convenience for your family member work.You can't afford to buy the other house for moving out...
What should you do?
1. Staying in your house and bear the unhappy day after day and think it's your fate.
2. Moving out even have to rent a small room/apartment where you can afford.
3. Buying a small apartment even has to loan money from the bank for few years.
4. Asking someone who interested to share the cost to buy an apartment and start to try with that place with clear regulations for convenience for both and hope to have better life there.
Which option do you think will be good to make a choice?
Thanks,
Comments (18)
Good to see you again OUR dear sweet friend!
I would choose #1 option. But with a different twist! Make sure you stay happy (that's very important), save save save until you get an ample down payment THEN buy your own place. If you stay happy then time will pass quickly.
If you buy a 2 bedroom home then you can slide down to #4, but with this change, DON"T share the ownership and simply rent the 2nd bedroom out to a TRUSTED person! That will keep your payment way down!
I've seen what people can do to other people houses
If they were paying me rent and I didn't want to be there, then I would rent a place. No need to buy because they pay rent and I can always move back in.
If YOU paid for the house and it is a gentleman friend living with you, one should put the home up for sale and inform him that he should start to look for another place to live. When the home is sold you can choose any of your options or buy another home.
If it is a literal family member, i.e., parent or sibling, knowing where you are in life, it may be best for you to choose option 3.
Lending rates, (at least in U.S.), are still quite low so if employed should be able to manage that, and you'd have some privacy.
Lastly, no one should ever combine bank accounts or co own major items with someone who is just gentleman or lady friend. Your rights are not protected adequately, (at least in U.S.), as they are if you are married.
Or sell your half of the house to them and buy a small place if needed.
I wouldn't be living with someone that I wasn't happy with.
What about your own convenience?
I understand that you may feel some obligation to your family members...but your happiness counts as well...paying rent to you may allow you to save up for a second place and establish ownership...or ground rules for your family?...no need to co-exist with each other if it is uncomfortable...
I will think a bit more and will make a decision.
Wish a Happy New Year to everyone!