Quote:
Originally Posted by The Yen Man
Are you sure she was entitled to half of the full value of the property? Or half of what has appreciated since she moved in? Because from what I understand, she's only entitled to half of value gain after she moves in.
So if the house was worth $400K when she moved in, but worth $500K when she moved out, she's entitled to half of $100K, not $500K. Kids would probably make it a lot more complicated though.
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Yes that is what I intended to say in the post in but in addition to half of the appreciated value she was also able to get half of the amount that was paid down on the mortgage. So in your example if there was 200k left on the mortgage when the relationship started and 150k when it ended he also had to pay out 50% of the 50k that was paid down.
So to get out of the relationship in the example above would have been 75k the way he explained it.