[quote=joec]Yeah, since this is your “g/f” and not even your wife and you don’t even feel the money paid is combined, I’d probably not even bother buying much of anything. Just seems like a problem and more to think about unless you plan to put a ring on it…As others have mentioned, most wives would never want to stay in your bachelor pad or if someone else picked the place, they definitely won’t want to stay there (too many memories).
I don’t see many benefits for young, unmarried people to buy if they are renting a cheap price place.
Buying makes more sense to me to diversify (if you are wealthy with tons of other assets like stocks) and you hate renting.
As others have said, living blocks to the beach will be impossible to buy at the same price point so it’s not really a fair comparison. Of course, you have no garage or laundry which feels like living in the ghetto…Just depends where you are in your life/relationship and what you want. No way you can do a “fair” comparison I feel and I’d assume your place is pretty old, etc…
Plenty of my neighbors rent for 3800/month in an econobox with kids and wife and seem quite happy to pay that…
For those people, it probably makes more sense.[/quote]
Joe, there are just as many or almost as many “single homeowners” in CA as there are owners who took title in joint tenancy (usually married co-owners) or tenants in common (not generally married co-owners). Whether this occurred due to death of a joint tenant, post-death title transfer, divorce or the single person simply purchased their own residence by themselves (this happens quite often, btw), the truth is that single people want (and deserve) to be homeowners just as much as married people do.
I could care less if the new partner I moved in with had another spouse/gf/sick mom/kids or second cousin at one time living with them in their house … or even if one of their parents died there.
