Hi, a quick Google search took me to this post from a couple of days ago which is now locked. When I try to view my older history using the link provided, I get an error message saying "Only supports querying data from the past 12 months."
Thanks
Hi, my (40M) wife has said she wants a divorce and also that she wants to buy me out of the house. Our current net worth is around £2.8m across various investments, and £800k in our family home. Afterwards, I will have roughly:
One problem is assuming I wanted to buy a house for £425k, after taxes from selling investments, stamp duty, moving fees, furnishing etc I'm probably looking at £500k total, or £1.3m to live on. Our current living expenses are around £60k a year but I expect that to drop somewhat, I will have our children half of the time so I'd expect total outgoings to be somewhere around £40-45k but I haven't costed it properly yet.
Should I start looking for jobs? It'd certainly make the situation feel a lot safer. One problem is after over 10 years of being FIRE, I don't have any skills, any references, and am overall quite unemployable.
Hi, my wife has said she wants a divorce and since she loves the house so much whereas I’m somewhat indifferent to it, she’s asked to keep it which I’m okay with. My problem is now I’m thinking about it, financially I’m going to be significantly worse off:
Stamp duty: £15-20k
Solicitors & moving fees: £5k
Furnishings and appliances: £5-10k
I’d need to sell off assets to get the cash for a deposit etc, so tens of thousands in taxes too
Then there are other things we’ve done to upgrade the house that won’t really add any value to it, like installing solar, batteries and air conditioning which cost around £20k and I would like at the new place too.
Also, this house is very much good to go in its current state, whereas the new house could potentially need a new kitchen or bathroom, decorating, new carpets or flooring etc.
There’s possibly stuff I’ve overlooked but it seems like an incredible advantage to keep the house, not just from a practical point of view but a financial one too