Thread: What do you think is 'fair'?
11-17-2020, 12:08 PM
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#31
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Originally Posted By Rabbitjb⏩
Bullchit. Person A would have the same mortgage payment if person B wasn't there.Bull crap
Person B would have to pay rent or mortgage somewhere, they don't get to live for free
Person B would have to pay rent or mortgage somewhere, they don't get to live for free
Person A stands to make a 6 figure profit off the sale of the home. They are now getting twice the ROI on the house.
U
11-17-2020, 12:11 PM
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#32
If you're dating and it's serious just get married and split bills. If it's not that serious, and you are trying to increase his rent, you're a sloot. If he's asking to pay less because you refinanced for a shorter mortgage, he's a leech. Tell us the actual situation
11-17-2020, 12:11 PM
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#33
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Originally Posted By littlemissy⏩
Absolutely mirin'! I didn't expect THOSE based on your avi, but well done m7+1!Check ya DM's
11-17-2020, 12:13 PM
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#34
To be fair boyfriend paid market rate for room rental, but shared mine
Mortgage was more than half. Bills were split.
But if I’d remortgaged that would have been my concern
Person A took the risk of the investment, has the responsibility of the property
Person B is just the lodger
Lodgers can be fun no doubt, but they don’t get a free ride
Mortgage was more than half. Bills were split.
But if I’d remortgaged that would have been my concern
Originally Posted By leoslayer1⏩
And?Bullchit. Person A would have the same mortgage payment if person B wasn't there.
Person A stands to make a 6 figure profit off the sale of the home. They are now getting twice the ROI on the house.
Person A stands to make a 6 figure profit off the sale of the home. They are now getting twice the ROI on the house.
Person A took the risk of the investment, has the responsibility of the property
Person B is just the lodger
Lodgers can be fun no doubt, but they don’t get a free ride
11-17-2020, 12:22 PM
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#35
11-17-2020, 12:23 PM
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#36
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Originally Posted By Rabbitjb⏩
Person B should move out immediately honestly even if it costs them more money.To be fair boyfriend paid market rate for room rental, but shared mine
Mortgage was more than half. Bills were split.
But if I’d remortgaged that would have been my concern
And?
Person A took the risk of the investment, has the responsibility of the property
Person B is just the lodger
Lodgers can be fun no doubt, but they don’t get a free ride
Mortgage was more than half. Bills were split.
But if I’d remortgaged that would have been my concern
And?
Person A took the risk of the investment, has the responsibility of the property
Person B is just the lodger
Lodgers can be fun no doubt, but they don’t get a free ride
They should never pay the mortgage of someone they are dating.
U
11-17-2020, 12:25 PM
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#37
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Originally Posted By CuttyUnderleaf⏩
By this logic, any renter or lodger ought to have equity in a place. That's not how it be, Lenin.Why would person B agree to pay half of person A’s mortgage and end up with exactly 0 equity?
Get married if you want to stake a claim in your significant other's risks. OP's "friend" agreed to contribute knowing they'll have 0 equity. On their head be it.
Always Pick 4
11-17-2020, 12:25 PM
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#38
Originally Posted By leoslayer1⏩
But they should live rent free cos they are providing the sexors?Person B should move out immediately honestly even if it costs them more money.
They should never pay the mortgage of someone they are dating.
They should never pay the mortgage of someone they are dating.
Is that your take?
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11-17-2020, 12:29 PM
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#39
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Originally Posted By SuperHercules⏩
Person B isn't broke by any means lmao. It's apparently a discussion on principal and what's 'fair' to the other dating partner.Depends if person B can realistically afford it
Sounds like a poverty relationship for people who live together and are paying off their own home together. Having to worry about who pays which percentage and what not
If I were person A, I'd just pay the extra since I wanted to refinance it. Unless of course person B has lots of money and is just being cheap
Sounds like a poverty relationship for people who live together and are paying off their own home together. Having to worry about who pays which percentage and what not
If I were person A, I'd just pay the extra since I wanted to refinance it. Unless of course person B has lots of money and is just being cheap
Originally Posted By NextPound⏩
lmao We'd have a competition to see who can sloot it up harder. Also there isn't anything written. Only verbal agreements.If you break up, does he get one of the bedrooms to bring home sloots until his lease ends? LOL.
Originally Posted By wrestled⏩
This is where I was siding. B gets no equity in any sale.Are they both splitting the equity when its time to sell? If so 50/50 whole way. Is person b under the underestanding thats what they pay no matter what? If so thanrefinancing doen't matter and shouldn't even be their concern keep paying the 500 whether it goes up or down.
Originally Posted By supup⏩
Not bringing marriage into the equation in this discussion.If you're dating and it's serious just get married and split bills. If it's not that serious, and you are trying to increase his rent, you're a sloot. If he's asking to pay less because you refinanced for a shorter mortgage, he's a leech. Tell us the actual situation
My take on it was I'd pay the extra if I decided to refi for the higher amount. And if I decide to refi for the lower amount - what he's currently paying would stay the same. He did not like that. He sees it as me 'making money off of him' and that's not what 'partners do'.
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11-17-2020, 12:30 PM
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#40
Lmfao @ being in a relationship and paying RENT to the other. Cucked as fuk, and by definition it COMPLETELY skews the power dynamic in the relationship.
If the relationship is in any way worth a chit, B will get implemented in the deal somehow so it doesn't end up paying A for nothing.
Are you staying together for life?
- If so, buy into the mortgage. What A already paid is his, but what B pays will be hers.
If not staying together for all forseeable future, why is B wasting her life and years on something that will have nothing to show for?
If the relationship is in any way worth a chit, B will get implemented in the deal somehow so it doesn't end up paying A for nothing.
Are you staying together for life?
- If so, buy into the mortgage. What A already paid is his, but what B pays will be hers.
If not staying together for all forseeable future, why is B wasting her life and years on something that will have nothing to show for?
11-17-2020, 12:30 PM
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#41
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Originally Posted By 2am⏩
^^^ if it’s rent then the “cost base” for the owner is irrelevant. The rent should be the amount that would be paid for the same accommodation in the same location in any other house.treat it as rent rather paying someone else's mortgage. It should stay at originally agreed 500 regardless imo.
Of course the law won’t treat it that way so the argument is spurious
11-17-2020, 12:31 PM
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#42
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Originally Posted By hendrixfreak70⏩
lol ya troll.Absolutely mirin'! I didn't expect THOSE based on your avi, but well done m7+1!
Originally Posted By Rabbitjb⏩
According to Leo person B should live for free apparently. In Leo's world I want to be person B who doesn't have to pay to live anywhere as long as I'm dating someone that owns the house.To be fair boyfriend paid market rate for room rental, but shared mine
Mortgage was more than half. Bills were split.
But if I’d remortgaged that would have been my concern
And?
Person A took the risk of the investment, has the responsibility of the property
Person B is just the lodger
Lodgers can be fun no doubt, but they don’t get a free ride
Mortgage was more than half. Bills were split.
But if I’d remortgaged that would have been my concern
And?
Person A took the risk of the investment, has the responsibility of the property
Person B is just the lodger
Lodgers can be fun no doubt, but they don’t get a free ride
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11-17-2020, 12:31 PM
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#43
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Fair would be market value of comparable rent without reference to the mortgage itself. But no need to be fair in a relationship unless you don't want to assist the other person at all
11-17-2020, 12:33 PM
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#44
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Person B should pay less or stay the same. Never more.
But other factors to consider:
What is market rent vs what B is paying? (taking a roommate in account, not a 1 bedroom).
Also, factor that renting usually has other amenities included but also, you should not be acting as a landlord with someone ur in a relationship with.
Also, would or has person B made any repairs?
Im assuming person A would be fully responsible for maintenance and repairs?
If it's something simple that B can do easily, is A going to shell out hundreds of $'s to get it fixed or if B fixes it, will you pay them? (awkward).
You shouldnt be making money off someone...would you normally be open to renting space in your home? Or is it just bc ur in a relationship with this person?
In this situation, and if iever get in to a similar situation, never would i fkn expect someone to pay for HALF of the mortgage just straight up..
I'd see what they are currently paying and find market rent info..have them pay a little less as it works out for both parties...B pays a bit less than normal and A gets extra money each month.
But other factors to consider:
What is market rent vs what B is paying? (taking a roommate in account, not a 1 bedroom).
Also, factor that renting usually has other amenities included but also, you should not be acting as a landlord with someone ur in a relationship with.
Also, would or has person B made any repairs?
Im assuming person A would be fully responsible for maintenance and repairs?
If it's something simple that B can do easily, is A going to shell out hundreds of $'s to get it fixed or if B fixes it, will you pay them? (awkward).
You shouldnt be making money off someone...would you normally be open to renting space in your home? Or is it just bc ur in a relationship with this person?
In this situation, and if iever get in to a similar situation, never would i fkn expect someone to pay for HALF of the mortgage just straight up..
I'd see what they are currently paying and find market rent info..have them pay a little less as it works out for both parties...B pays a bit less than normal and A gets extra money each month.
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11-17-2020, 12:35 PM
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#45
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Originally Posted By littlemissy⏩
How long have you guys lived together?My take on it was I'd pay the extra if I decided to refi for the higher amount. And if I decide to refi for the lower amount - what he's currently paying would stay the same. He did not like that. He sees it as me 'making money off of him' and that's not what 'partners do'.
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11-17-2020, 12:36 PM
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#46
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Originally Posted By littlemissy⏩
Why are you dating retards looking like that. Get a smarter ChadPerson B isn't broke by any means lmao. It's apparently a discussion on principal and what's 'fair' to the other dating partner.
lmao We'd have a competition to see who can sloot it up harder. Also there isn't anything written. Only verbal agreements.
This is where I was siding. B gets no equity in any sale.
Not bringing marriage into the equation in this discussion.
My take on it was I'd pay the extra if I decided to refi for the higher amount. And if I decide to refi for the lower amount - what he's currently paying would stay the same. He did not like that. He sees it as me 'making money off of him' and that's not what 'partners do'.
lmao We'd have a competition to see who can sloot it up harder. Also there isn't anything written. Only verbal agreements.
This is where I was siding. B gets no equity in any sale.
Not bringing marriage into the equation in this discussion.
My take on it was I'd pay the extra if I decided to refi for the higher amount. And if I decide to refi for the lower amount - what he's currently paying would stay the same. He did not like that. He sees it as me 'making money off of him' and that's not what 'partners do'.
11-17-2020, 12:39 PM
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#47
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Originally Posted By littlemissy⏩
Who cares? I noticed that a lot of people are saying that person B is "just a renter" so shouldn't have to pay more.Yep Person B does get hell of a deal bc Person A pays for any maintenance cost & HOA blah blah blah.
But it's not they - refinancing. Person B doesn't own any equity.
But it's not they - refinancing. Person B doesn't own any equity.
Being the landlord of several properties, usually, you're charging renters either at or more than what it costs you to have that home/property. Rent increases as market value increases at the discretion of the landlord and according to contractual timelines.
As I read it, Person B is not under a contractual obligation to make any sort of payment. Just a verbal agreement. It's up to the landlord to decide if they want to charge the person more because their costs are more.
Again, Person B is getting one heck of a deal having to not pay their share of supplemental costs related to living in that home. Lol, the landlord sucks at making smart financial decisions. :P
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11-17-2020, 12:42 PM
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#48
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Originally Posted By Mike86er⏩
Not sure if you’re trolling or not. Op said herself he’s paying 1/2 the mortgage.By this logic, any renter or lodger ought to have equity in a place. That's not how it be, Lenin.
Get married if you want to stake a claim in your significant other's risks. OP's "friend" agreed to contribute knowing they'll have 0 equity. On their head be it.
Get married if you want to stake a claim in your significant other's risks. OP's "friend" agreed to contribute knowing they'll have 0 equity. On their head be it.
-->
Originally Posted By littlemissy⏩
That’s very specific.B agreed to pay half of mortgage.. not a set number as 'rent'.
.
.
A renter/lodger is not paying a mortgage. They are paying for rent/lodging.
Renters pay rent
Home buyers pay mortgage
11-17-2020, 12:44 PM
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#49
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Depends on the initial agreement.
If the agreement was $500 because you split it 50/50 then you you need to pay half of the price, whatever it may be now.
If you agreed to $500 because it’s a fair price for rent, then it stays $500 and what the ‘landlord’ pays doesn’t matter.
If the agreement was $500 because you split it 50/50 then you you need to pay half of the price, whatever it may be now.
If you agreed to $500 because it’s a fair price for rent, then it stays $500 and what the ‘landlord’ pays doesn’t matter.
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11-17-2020, 12:47 PM
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#50
Originally Posted By DSTEE⏩
Reads thread and doesn’t realise that B is the penor ownerLmfao @ being in a relationship and paying RENT to the other. Cucked as fuk, and by definition it COMPLETELY skews the power dynamic in the relationship.
If the relationship is in any way worth a chit, B will get implemented in the deal somehow so it doesn't end up paying A for nothing.
Are you staying together for life?
- If so, buy into the mortgage. What A already paid is his, but what B pays will be hers.
If not staying together for all forseeable future, why is B wasting her life and years on something that will have nothing to show for?
If the relationship is in any way worth a chit, B will get implemented in the deal somehow so it doesn't end up paying A for nothing.
Are you staying together for life?
- If so, buy into the mortgage. What A already paid is his, but what B pays will be hers.
If not staying together for all forseeable future, why is B wasting her life and years on something that will have nothing to show for?
LOL, how the turntables
11-17-2020, 12:50 PM
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#51
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First instinct is to keep the rent the same if that arrangement has been working well since refinancing the home that you own is your personal business and you'd be paying all associated fees. I don't like to nickel and dime people I date so if person B was really that hurt over me refinancing my home to a 30 yr (something I'd never do to begin with), I'd probably just ask them how much they want to contribute/what they consider "fair" and quickly work something out. I don't like to overcomplicate things and drag out discussions that would result in more stress, that's just me though.
On that same note, I'm the kind of landlord that doesn't chase after people to pay late fees if they're late on rent.
On that same note, I'm the kind of landlord that doesn't chase after people to pay late fees if they're late on rent.
11-17-2020, 12:53 PM
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#52
11-17-2020, 12:54 PM
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#53
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Originally Posted By Anachron⏩
OK has said like 3 times it's not $500. She's just using an arbitrary figure to illustrate the point, presumably because most of us can't count above 500.This.
Also, poor people problems. $500, really?
Also, poor people problems. $500, really?
Always Pick 4
11-17-2020, 12:57 PM
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#54
Originally Posted By Rabbitjb⏩
Yeah realised that later on. By refinancing without including your partner you are by definition not planning on making your relationship lastReads thread and doesn’t realise that B is the penor owner
LOL, how the turntables
LOL, how the turntables
11-17-2020, 12:58 PM
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#55
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Originally Posted By leoslayer1⏩
What about trailer park feesPerson B should never ever pay rent.
Person B will not get one cent of equity out of a sale now or in the future.
Person A is the sole person who profits off the investment in the home.
Person B should split utilities and invest the 500 into an investment vehicle.
Person B will not get one cent of equity out of a sale now or in the future.
Person A is the sole person who profits off the investment in the home.
Person B should split utilities and invest the 500 into an investment vehicle.
11-17-2020, 12:59 PM
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#56
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Originally Posted By Anachron⏩
They aren't married, their assets aren't comingled, person B should have a living cost associated with the property. He has no equity or ownership, so what would you call it?I think a lot of people are confused in this thread. Why is everyone talking about "rent"?
There is no rent in the scenario.
There is no rent in the scenario.
It's not contractual rent because there is no contract. She could toss him. But in essence, it's de facto rent
11-17-2020, 12:59 PM
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#57
Originally Posted By Mike86er⏩
500 and banana innit?OK has said like 3 times it's not $500. She's just using an arbitrary figure to illustrate the point, presumably because most of us can't count above 500.
Originally Posted By DSTEE⏩
Has a point to be fairYeah realised that later on. By refinancing without including your partner you are by definition not planning on making your relationship last
11-17-2020, 01:00 PM
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#58
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Originally Posted By littlemissy⏩
LOL that dude sounds like I did in college trying explain to a chick how half the sack belonged to me since I drove the chick to the dealers house and she wasn't paying cash for it anyway. Now that I remember that I feel kinda bad nowMy take on it was I'd pay the extra if I decided to refi for the higher amount. And if I decide to refi for the lower amount - what he's currently paying would stay the same. He did not like that. He sees it as me 'making money off of him' and that's not what 'partners do'.
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11-17-2020, 01:01 PM
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#59
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Originally Posted By DizzySmalls⏩
Lol...you fell for it!They aren't married, their assets aren't comingled, person B should have a living cost associated with the property. He has no equity or ownership, so what would you call it?
It's not contractual rent because there is no contract. She could toss him. But in essence, it's de facto rent
It's not contractual rent because there is no contract. She could toss him. But in essence, it's de facto rent
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11-17-2020, 01:02 PM
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#60
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Originally Posted By Fozzy13⏩
What the gender thing? I could give half a ****, women work and own property.Lol...you fell for it!
Replace he with she, same difference.
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