▲ 70 r/PersonalFinanceNZ
Separating from partner when jointly owned house is down in value
Feeling really stuck about what to do.
I (37F) bought a townhouse with my partner (36M) of seven years. We've been living there together with a flatmate since we bought it three years ago.
Long story short, I need to leave the relationship. The problem is that the house's value (based on the council RV) has dropped by around $200k since we bought it.
I've thought of a few options:
- One of us stays in the house and pays the other rent.
- We both move out and rent the whole house (I'm hoping the rent should at least cover the interest on the mortgage).
- We sell, take a significant loss, and move on.
Has anyone been through something similar, or have any advice on what the best option might be? It's a typical townhouse so I'm not expecting value to increase any time soon.
u/Alone-Translator-113 — 2 days ago