Saturday, December 2, 2023

Finance Guru Advises Against Home Purchase by Cohabitants

From Yahoo! Finance:

According to Ramsey, people in relationships who buy homes together before getting married complicate the breakup “like nobody’s business.”

“You’re gonna buy a house with her? You better put a ring on it first, buddy,” Ramsey said.

...

Ramsey has heard horror stories over the years about couples who weren’t married and bought a house together.

“Because you now have a partner, you have no protection under the law,” Ramsey said, “Get married and then buy the house.”

Even if you have to put off buying a house because you have an expensive wedding, Ramsey highly recommends making these moves in the right order.

“I don’t want your marriage doomed and I don’t want your finances doomed,” Ramsey said.

Read more here.

https://lawprofessors.typepad.com/family_law/2023/12/finance-guru-advises-against-home-purchase-by-cohabitants.html

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